BleedGopher
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per Verges:
A former assistant athletics director was sentenced Monday, May 6, to 21 months in prison for stealing $361,336 from the University of Minnesota over five years.
Brent Holck, 37, was given a lighter-than-expected sentence because he’s taken responsibility for his crime and is making efforts to pay back what he stole.
From April 2012 through January 2017, Holck would cancel ticket sales to games after they’d taken place and deposit the refunded money into his own accounts.
He also issued game tickets and parking passes to acquaintances, who then sold them and kicked back most of the proceeds to Holck.
John Kokkinen, assistant U.S. attorney, said Holck defrauded his employer over and over for five years with a sophisticated scheme that auditors could not detect.
“This was not an example of a fleeting lapse of judgment,” Kokkinen said. “This was repeated conduct over the course of five years.”
The fraud was uncovered only after a customer showed up late to an event, prompting a university review of its ticket orders.
Defense attorney Aaron Morrison said Holck was shocked when the university and prosecutors tallied up how much he had stolen.
“I think it showed … the real stranglehold that his gambling had on him,” he said.
Holck since has sought treatment for gambling addiction and is working with a financial planner to determine how to make restitution. He came to court Monday with an initial $100,000 restitution check withdrawn from his retirement account.
“He wants to make the U whole,” Morrison said.
https://www.duluthnewstribune.com/n...-minnesota-athletics-official-sentenced-fraud
Go Gophers!!
A former assistant athletics director was sentenced Monday, May 6, to 21 months in prison for stealing $361,336 from the University of Minnesota over five years.
Brent Holck, 37, was given a lighter-than-expected sentence because he’s taken responsibility for his crime and is making efforts to pay back what he stole.
From April 2012 through January 2017, Holck would cancel ticket sales to games after they’d taken place and deposit the refunded money into his own accounts.
He also issued game tickets and parking passes to acquaintances, who then sold them and kicked back most of the proceeds to Holck.
John Kokkinen, assistant U.S. attorney, said Holck defrauded his employer over and over for five years with a sophisticated scheme that auditors could not detect.
“This was not an example of a fleeting lapse of judgment,” Kokkinen said. “This was repeated conduct over the course of five years.”
The fraud was uncovered only after a customer showed up late to an event, prompting a university review of its ticket orders.
Defense attorney Aaron Morrison said Holck was shocked when the university and prosecutors tallied up how much he had stolen.
“I think it showed … the real stranglehold that his gambling had on him,” he said.
Holck since has sought treatment for gambling addiction and is working with a financial planner to determine how to make restitution. He came to court Monday with an initial $100,000 restitution check withdrawn from his retirement account.
“He wants to make the U whole,” Morrison said.
https://www.duluthnewstribune.com/n...-minnesota-athletics-official-sentenced-fraud
Go Gophers!!