3e884de5__Private_Postsecondary_Schools__Explanation
[Institution] Western Governors U. (Utah) [Tax year] 2011 [Explanation] 
In February 2011, the organization discovered that the former controller of the organization had embezzled a total of $526,781 by writing fraudulent checks during September and October of 2010. The organization has since recovered all but $10,577 of the stolen funds. Internal investigations and inquiries found no evidence that would indicate any knowledge, collusion or participation in this theft by any other employee(s) of the organization. The organization formally prosecuted the individual and has taken steps to improve their internal controls and accounting procedures to help prevent fraud in the future.
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Explanation