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Missing exec might have taken ‘hundreds of thousands’

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in HR Management,Human Resources

A retirement community for University of Minnesota employees is abuzz with rumors after a senior executive vanished after he was fired in the wake of a criminal investigation.

The company that manages the Falcon Heights community sent an email to residents stating the executive had been fired after embezzling “a large amount of money.” The email also claimed the executive had “disappeared.” A criminal investigation is underway, but no criminal charges had been filed yet.

A source told the Minneapolis Star Tribune that the missing money was in the “hundreds of thousands” dollars.  

South St. Paul Police said the executive’s wife reported him missing when he failed to show up either at home or work for 24 hours.

A week later, she told investigators she had made contact with her husband and that his disappearance was linked to “his work troubles.” She also hired an attorney who told the paper the man’s firing was related to an “incident that [her husband] was involved with at his work.”

The management company claims insurance will cover the missing funds.

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