A former Assistant Dean at Seton Hall Law School admitted to embezzling $1.3 million from the institution. This act of theft underscores a critical issue within organizational finance controls, as highlighted by FBI Special Agent in Charge James E. Dennehy, who pointed out that “the genesis of most fraud schemes happens when people have access to money they believe they are entitled to, and no one will notice it’s gone.” Further details on the case emphasize the vulnerabilities in financial oversight systems that can be exploited when access is not adequately monitored. You can read more about this development here.