The Maize School District has recovered nearly half a million dollars that was lost in a fraud scheme by a former technology director.
The settlement is the result of a two-year-long investigation by the FBI into a money laundering and kickback scheme that resulted in losses the district claims are in excess of $500,000.
In a press release, Maize Superintendent Chad Higgins said the $489,000 settlement is positive news for the district, even though it doesn't reflect the total potential financial losses.
The money will come from the estate of former technology director Ramon Mosate, who had been employed by the district since 1997. Mosate was placed on leave in November 2014 when the FBI executed a search warrant at the district's headquarters. He was fired in February 2015 and took his own life two months later.
The settlement will go into the district's capital outlay fund.
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