Published 2 years ago

Kentucky city probes theft of $4M in federal funds

Summary by Ground News

Lexington officials discovered the theft late last week. The intended recipient of the funds, the nonprofit Community Action Council, reported not receiving the money. It's the latest example of a popular fraud scheme known as business email compromise (BEC) BEC costs Americans much more than any other type of online crime, the FBI says.

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Associated Press News

Kentucky city reports $4M electronic theft of housing funds

LEXINGTON, Ky. (AP) — A Kentucky city reports about $4 million in housing funds was stolen electronically.

2 years ago·United States

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CNN

Kentucky city authorities investigate electronic theft of $4 million in federal funding

About $4 million in federal funding intended for housing assistance in Kentucky was stolen after someone directed that money to a private bank account, officials of the City of Lexington said.

2 years ago·Atlanta, United States

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KIFI

Kentucky city authorities investigate electronic theft of $4 million in federal funding - Local News 8

By Sean Lyngaas, CNNAbout $4 million in federal funding intended for housing assistance in Kentucky was stolen after someone directed that money to a private bank account, officials of the City of Lexington said.Lexington officials discovered the theft late last week when the intended recipient of the funds, the nonprofit Community Action Council, reported not receiving the money, according to a news release from the city. Lexington officials ha…

2 years ago·Idaho Falls, United States

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KVIA

Kentucky city authorities investigate electronic theft of $4 million in federal funding

2 years ago·Panama City, United States

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The Hill

Kentucky city probes theft of $4M in federal funds

Lexington, Ky., officials are probing the theft of roughly $4 million in federal rent assistance and transitional housing funds intended for a nonprofit fighting poverty in the area. The city said …

2 years ago·Washington, United States

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