Investigation on stolen $150k comes to an end for local school district

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STANLEY, Wis. (WEAU) -- The investigation comes to an end for a local school district that got $150,000 stolent from their bank account. Stanley-Boyd Area Schools say it all comes down to a hacker.

The district administrator says the main concern over the last month was whether the hacker got into the school district's system, and if so, did they find data on the employees?

The investigators, WIPFLI, found no evidence of this.

The next step is to wait for the insurance company's investigation.

The district says parents should worry because the crime won't affect quality of education at Stanley-Boyd.

"This money isn't going to come away from what we do here in education, it's not going to come away from our taxpayers, it will obviously make a difference in some projects we may choose to do, but it certainly won't take away from education here," said district administrator Jim Jones.

Jones said the school district's payroll account will be switched from Anchor Bank to another bank.

The FBI will decide what will happen to the suspect behind the stolen money.


STANLEY, Wis. (WEAU) – The investigation continues into who stole $150,000 from a local school district.

The money disappeared from the Stanley-Boyd School District payroll account in November 2012.

Last month, the School Board hired an outside company to find out if the school's computer system was hacked or if someone within in the district took the money.

The Stanley-Boyd School Board is set to give an update on the investigation at its meeting Monday night.

The news of the theft has startled a lot of people in the Stanley-Boyd area.

“I guess surprise and shock because you wouldn't think something like that would happen in a small town,” said Cheyenne Moore, a parent in the district.

“Someone made a mistake and someone needs to fess up and fix it,” said Eric Dahl, a parent in the district.

Along with an investigation from the FBI, the district is looking into the possibility that one of their own took the big payout.

“Who would want to take money from our children's education when money probably isn't abundant in a small town anyway,” Moore said.

Although staff still got their checks and some of the money has been recovered by Anchor Bank, some have wondered if the bank is responsible for the breach.

“They're secured with everyone else's money. Why can't they do it with a school? I think it's the bank's responsibility to reimburse them for all that money that they lost,” said Jill Warminski, a local parent.

Anchor Bank said it didn't want to comment further on the theft until details of the investigation are released.

Also on the school board’s meeting agenda is the selection of a new bank.

Some parents have concerns about how this will impact their kids’ education.

“It’s always a tight budget, you don't want to take away from the kids at all or the teachers or anybody,” Dahl said.

“I think the school will cut back in other ways to try to keep as much of the funding toward the kids as possible,” Moore said.

The school board meeting starts at 6:30 p.m.

WEAU expects to get a statement from the school district after the meeting.

Look for the latest information on WEAU 13 News at 10 p.m.

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