More Youth Sports Embezzling: Athletics Business Manager Admits to Taking $1.4 Million

Athletics Business Manager Admits to Taking $1.4 Million From U.S. Coast Guard Academy Athletic Association Over Five Year Period to Pay Gambling Debts – According to The Day, “The athletic association, which supports the academy’s intercollegiate athletic program, operated for more than 50 years and had developed its own ad hoc practices that lacked adequate internal controls, such as segregation of duties and effective oversight over handling of funds.”