Thursday, May 29, 2014

N.C. A&T foundation employee charged with embezzlement

GREENSBORO — An employee of the N.C. A&T University Foundation has been charged with embezzling about $400,000 from the organization over a three-year period.

The N.C. A&T University Foundation announced that Shirlye Cornelia Grandy, its former director of accounting, was charged today with embezzlement, obtaining property by false pretenses, corporate malfeasance and computer fraud.

Grandy, 50, was released on a written promise to appear in court, according to Greensboro police.

The foundation's interim director Shirley Frye stated the following in a news release:

“In December, the Foundation discovered accounting discrepancies and immediately launched an investigation with help from outside counsel. We found that Ms. Grandy had misappropriated funds from an operating account to her personal account. As a result, we terminated Ms. Grandy, contacted the Greensboro police and hired a Big Four accounting firm to help us determine exactly what happened.