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Rating:Utah Finds $25K More in Missing College Assets Not Rated 5.0 Email Routing List Email & Route  Print Print
Wednesday, August 11, 2004

Utah Finds $25K More in Missing College Assets

by: Theresa Sim

Auditors combing through Utah's college savings plan records have found that the ex-director of the plan hid another $25,000 in accounts, Dow Jones reported on Wednesday.

Dale Hatch, the former director of the plan, was fired last month after an audit of the plan revealed that Hatch had allegedly embezzled $60,000 in the savings plan assets to his own personal accounts. The $25,000 was found in accounts under his name and under family members' names.

The money was from the fund's administrative accounts.  

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