The second-largest college in Illinois has been rocked by a financial scandal caused by shady bookkeeping and a litany of questionable purchases, including a pricey shooting club membership for the school’s president, and hundreds of thousands of dollars in alcohol purchases accounted for in the books as an “instructional supply.”
The College of DuPage managed to hide more than $95 million in expenditures on more than 82,600 transactions since 2009 thanks to a peculiar type of accounting that allowed for thousands of purchases to be lumped together into one line item, according to data uncovered by American Transparency’s OpenTheBooks.com, an online portal aggregating 1.3 billion lines of federal, state and local spending.
...But the administrators knew.
Robert Breuder, the school’s president, paid $23,686 to a private shooting club where he is a member, including $13,800 in dues, with the hidden money.
He also used the school’s money to mask fees associated with three global satellite phones he used on exotic hunting trips and costs related to an overnight senior management retreat, according to Open The Books.
....“Incredibly, the school’s president and administrators knew the details on tens of millions of dollars being spent, but the board did not,” said Adam Andrzejewski, founder of Open The Books.
Story Continues →
The College of DuPage managed to hide more than $95 million in expenditures on more than 82,600 transactions since 2009 thanks to a peculiar type of accounting that allowed for thousands of purchases to be lumped together into one line item, according to data uncovered by American Transparency’s OpenTheBooks.com, an online portal aggregating 1.3 billion lines of federal, state and local spending.
...But the administrators knew.
Robert Breuder, the school’s president, paid $23,686 to a private shooting club where he is a member, including $13,800 in dues, with the hidden money.
He also used the school’s money to mask fees associated with three global satellite phones he used on exotic hunting trips and costs related to an overnight senior management retreat, according to Open The Books.
....“Incredibly, the school’s president and administrators knew the details on tens of millions of dollars being spent, but the board did not,” said Adam Andrzejewski, founder of Open The Books.
Story Continues →
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