Disaster at Eugene Weekly

[garrow]

What a horrible situation

 

[justgladtobehere]

Embezzlement of Oregon weekly newspaper's funds forces it to lay off entire staff and halt print

The employee took $90,000, but there are $100,000+ in unpaid bills. The paper was in trouble, the embezzlement caused the cash crisis.

 

[DanOregon]

And the EW is the only decent paper in Eugene. The RG has maybe 10 employees total at this point.

 

[justgladtobehere]

Another thing that came to mind. With a small operation, maybe the owner cuts corners, didn't have a qualified person to do the books and couldn't afford an outside accountant.

Seems like something that could happen again.

 

[Tighthead]

Another thing that came to mind. With a small operation, maybe the owner cuts corners, didn't have a qualified person to do the books and couldn't afford an outside accountant.

Seems like something that could happen again.

It happens a lot in small businesses, and non-profit associations like community soccer groups.

I’ve had at least three clients who were victimized by serious internal theft. Just a matter of not setting up internal control and being too busy doing the actual work and not keeping a close eye on things. It’s very common and I’m sure some people get away with it.

 

[matt_garth]

 

[studthug12]

A community-owned paper!