Thursday, September 19, 2019

Montgomery College Loses Money in Fraud Scheme

Montgomery College sustained a “financial loss” after falling victim to a fraud scheme, the school announced Thursday afternoon.
College and law enforcement officials were mum on details Thursday, but said the incident will not interrupt student activities or operations at the college.
Officials did not specify what happened or disclose how much money was lost. A news release from the college said the crime occurred “earlier this month,” but Marcus Rosano, director of media relations for the college, declined to give a specific date.
Rosano said preliminary investigations show no student or employee data were compromised.

The college’s news release said local authorities and investigators at the Baltimore Field Office of the Federal Bureau of Investigation are investigating...

19 comments:

  1. http://mcnews.montgomerycollege.edu/mc-experts/
    It seems that they failed to consult with their own resident scholars.

    ReplyDelete
  2. https://www.montgomerycollege.edu/about-mc/mission-values.html
    OUR MISSION: We empower our students to change their lives,
    and we enrich the life of our community.
    We are accountable for our results.

    ReplyDelete
  3. https://bethesdamagazine.com/bethesda-beat/police-fire/no-updates-on-montgomery-college-fraud-scheme-investigation/
    Why the secrecy, when MoCo Taxpayers are saddled with the costs?

    ReplyDelete
    Replies
    1. That's what voters want. They don't want accountability or transparency in government. They want public officials to be able to spend tax dollars without thought. The MCPS credit card bill just DOUBLED to $16 million+ and no one will say a word about that. That money went to administrators' dinners, trips, cars and who knows what. That's what voters support. Lots of cash for public school administrators and public community college administrators.

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    2. Are you insinuating that the votes are a herd of lemmings?

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  4. They must be in the 'Dog chasing its tail' mode.

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    Replies
    1. “Montgomery College is a public, open admissions community college with campuses in Germantown, Rockville, and Takoma Park/Silver Spring, plus workforce development/continuing education centers and off-site programs throughout Montgomery County, Md. The College serves nearly 60,000 students a year, through both credit and noncredit programs, in more than 130 areas of study.”

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    2. Here they state that they have a least G 7,500 + R 15,000 + T 7,800 = 30,030 students
      https://www.montgomerycollege.edu/about-mc/campuses-and-locations/index.html

      But, here they state that they have over 60,000 students.
      http://mcnews.montgomerycollege.edu/contact-us/

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    3. They certainly are not shy about their intellectual capital:
      http://mcnews.montgomerycollege.edu/mc-experts/
      And there have been quite a few new buildings at all three campuses.
      So it would be an interesting blog topic.

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    4. Pulling numbers out of the air?
      http://i.makeagif.com/media/3-11-2014/Hdhsw2.gif

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    5. Corrected information about Montgomery College enrollment. They count non-credit students, clubs whatever, but in fact they only have around 21,000 undergraduate students. This blog posted that information: https://parentscoalitionmc.blogspot.com/2019/04/montgomery-college-enrollment-dropping.html

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  5. https://bethesdamagazine.com/bethesda-beat/police-fire/no-updates-on-montgomery-college-fraud-scheme-investigation/
    Marcus Rosano said, “We have had no further updates from the FBI. As of this moment, it’s still an open investigation.”

    ReplyDelete
  6. https://bethesdamagazine.com/bethesda-beat/schools/1-2-million-donation-funds-new-finance-lab-at-montgomery-college/
    “The lab will provide hands-on experience for students to learn about the stock market, business and accounting.”
    But, will it prevent falling victim to a future fraud scheme?

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  7. http://mcnews.montgomerycollege.edu/2020/02/macklin-foundation-makes-1-22-million-donation-to-montgomery-college-to-fund-new-gordon-and-marilyn-macklin-business-institute-finance-lab/
    ”…The Lab will also empower our faculty with high-tech teaching tools, thus amplifying their capacity to train the next generation of diverse, talented business leaders.”

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  8. "Federal Bureau of Investigation are investigating..." That's one long investigation.

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  9. With all classes going online, let's hope that they have mitigated their vulnerabilities by now.

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  10. https://bethesdamagazine.com/bethesda-beat/schools/investigation-into-fraud-scheme-at-montgomery-college-continues/
    The mystery lingers, meanwhile MoCo wasted no time mailing out this year's property tax bill.
    Montgomery College receives over 50% of its operating budget from the county.

    ReplyDelete
  11. https://mcnews.montgomerycollege.edu/2021/01/montgomery-college-ranked-in-top-100-community-college/
    Our very own Montgomery Community College
    Bursting at the seams with pride and knowledge
    Has Ranked on the top one hundred for its ROI
    Thanks to the ample property taxes of you and I.

    ReplyDelete
  12. It Does Not Compute: https://youtu.be/ZBAijg5Betw
    https://bethesdamagazine.com/bethesda-beat/schools/montgomery-college-building-named-in-honor-of-outgoing-president/

    ReplyDelete

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