[File Photo]
OKLAHOMA CITY -
Oklahoma City's YWCA retail operation was the victim of
embezzlement by a former employee, the organization announced Thursday.
"The YWCA management and Board of Directors place top
priority on fiscal responsibility and financial transparency, and although we
have strict financial policies and procedures in place to prevent the misuse of
our funds, we have been the victim of embezzlement," said Jan Peery, CEO of
YWCA Oklahoma City.
In a press release issued Thursday morning, the organization
says it is turning over all evidence regarding the incident to law enforcement
authorities, who will ultimately make the decision whether or not to prosecute
the former employee.
Authorities with the organization say they intend to file a
civil lawsuit in an effort to recover the embezzled funds, totaling approximately
$280,000.
The press lease continues, saying that the embezzlement
appears to be limited to funds generated from the YWCA's retail operation and did not involve
the theft of funds received through capital campaign contribution, grants,
charitable contributions or other private donations.