A Duncan woman has been arrested and released on a $2,000 bond after being accused of a felonious charge of embezzlement from a local technology center.
Teresa Irene Brown, according to court records, is accused of the embezzlement charge after reports from the Superintendent of Red River Technology Center Dennis Loafman advised law enforcement Brown had embezzled from the center over a number of years in small amounts.
When the report was made to police, they were also advised there was an audit of finances Brown had access to while she worked there because she took payments from students and made deposits to the bank.
An audit was performed by RRTC, uncovering Brown had allegedly embezzled $33,162 over a period of four years, according to a police affidavit. Reports also show RRTC officials said when Brown left, she was asked about a $200 cash payment and allegedly “could not give an explanation on where the money was or what had happened to the payment,” reports show.
Loafman told police after this conversation he became suspicious and had office staff check on payments and deposits.
In an interview with police, Brown told law enforcement she had not taken any money and had no explanation for missing money. After shown the audit, Brown allegedly still denied any wrongdoing, reports show.
No other people were in control of the money at the time of shortages, reports state. Audits showed intake of money and deposits didn’t match and reports from Loafman also indicate a receipt book was missing, which means more money could have been missing, but without the book it could not be balanced and checked, affidavits state.
Brown is due back to court for a preliminary hearing conference at 9 a.m. Dec. 4. Embezzlement is punishable by a fine of $10,000 along with reparation and up to eight years in prison.