City Receives $5 Million from Insurance Carrier for Embezzlement Loss

first_img Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Government City Receives $5 Million from Insurance Carrier for Embezzlement Loss Published on Friday, January 15, 2016 | 4:56 pm EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Name (required)  Mail (required) (not be published)  Website  First Heatwave Expected Next Week faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPasadena Water and PowerPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes From Last Year: Pasadena City Manager Michael J. Beck faces the press as he announces the arrest of a former city employee for allegedly bilking the city out of $6.4 million.Alleged embezzler: Danny R. Wooten from Facebook page of New Covenant Christian Fellowship in PomonaPasadena officials today announced the City has received a $5 million payment from its insurance carrier to settle a claim filed by the City regarding the theft of public money from the Utility Underground Program fund.“While it is important to recover the funds that were lost, it is equally important to ensure that the City makes the necessary changes to prevent another embezzlement from happening in the future and to also recover the public’s trust,” Pasadena Mayor Terry Tornek said.In addition to the insurance claim, the City has undergone a comprehensive internal financial and personnel audit; changed or increased oversight for many of its financial processes and initiated most of the recommendations announced last year by a citizen advisory task force on financial administration and internal controls, posted online at www.cityofpasadena.net/invoiceinvestigation .The payment represents the maximum amount of money that could be paid on the insurance claim. It is also about 85 percent of the nearly $6 million allegedly embezzled by a former City employee who is now currently facing both criminal charges and a civil lawsuit in connection to the theft.City Manager Michael J. Beck said “we are pleased that our insurance carrier has paid the maximum amount on the claim, but in no way does this minimize the importance of our internal efforts to strengthen our financial administration and internal controls.”A portion of the settlement money will be deposited into the City’s General Fund to offset the cost of investigating the embezzlement and the rest will be deposited into the Utility Underground fund that was impacted by the theft, Beck said.“The City will continue to pursue legal means necessary to obtain a full recovery of the monies stolen,” City Attorney/City Prosecutor Michele Beal Bagneris said.A City audit completed in November 2014 documented that a former employee used fraudulent invoices to steal money from the fund that pays for moving overhead power and communications lines underground.The former employee, Danny Wooten, was arrested in December 2014 and is due in Superior Court March 9 for a preliminary hearing in the criminal case against him. A civil suit filed against him by the City is set for a jury trial in October 2016.Stay connected to the City of Pasadena! Visit the City of Pasadena online at  www.cityofpasadena.net; follow the city on Twitter @PasadenaGov, www.twitter.com/pasadenagov, and like the City on Facebook at www.facebook.com/cityofpasadena. Or call the Citizen Service Center, 8:00 a.m. to 5:00 p.m., Monday through Friday, at (626) 744-7311. Subscribe Top of the News center_img Make a comment More Cool Stuff Your email address will not be published. Required fields are marked * 0 commentsShareShareTweetSharePin it Business News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday HerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty9 Gorgeous Looks That Have Been Classic Go-tos For DecadesHerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyRobert Irwin Recreates His Father’s Iconic PhotosHerbeautyHerbeauty Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

Frimpong set for Ghana debut

first_imgGhanaian born Arsenal midfielder, Emmanuel Frimpong is set to make his long awaited Black Stars debut later this month, Finder Sports can exclusively reveal.According to Finder Sports’ source, Frimpong will be one of very few faces called up by Kwesi Appiah for Ghana’s crucial 2014 World cup qualifier against Sudan at the Baba Yara sports stadium on March 24.The on-loan Arsenal midfielder has been on Ghana’s radar for a very long time following his declaration to play for his country of birth despite having already represented England at the junior levels.Frimpong was cleared to play for Ghana late last year but missed out on Ghana’s Africa Cup of Nations squad.The midfielder who is on a six-month loan at Fulham from Arsenal is hoping that his loan move to Craven Cottage will help him catch the eye of Black Stars coach Kwesi Appiah and indeed he has earned himself a call up with some cameo yet impressive displays.“I want to play for Ghana and, hopefully, I can start doing that very soon,” Frimpong told the London Evening Standard in a recent interview. “That is my aim, to get into the squad. But for that to happen, I need to start playing regularly.”Frimpong added: “I spoke to the manager recently and he said I should just carry on playing my football and see what happens for the next game. That is next month so we will have to wait and see what he decides.”The best part of Frimpong’s call up is that if he gets to play on March 24, he would be playing in familiar territory. He was born in Kumasi before leaving for the United Kingdom at a very young age.last_img read more