A report that came on recently about the CEO of the SC Hospitality Association Who committed suicide. The reasons have been notified that the wife of account of the company stole away a huge amount from the company funds which she used on gambling online.
The CEO had been found missing for 10 days, his dead body was found in the store room of the parking area underground. His dead body was found with a letter for associations former director, Rachel Duncan the accountant the person responsible for it. The letter shows all the evidences that the CEO was not responsible for this and he was in fact ashamed that a huge amount had been taken out from the company under his control. Rachel Duncan had taken out more then $3,00,000 from the trade association funds as her personal account that she used for gambling online. The former director seems to be very stunned as Duncan admits her crime in front of him. They have been together for the past 11 years but he never could make out that she could commit such a thing.
Soon after $4, 80, 000 had been noticed missing out of the company funds from 2009 and 2012 the questions where been raised up to Duncan about the money. There are no straight clues been found till now but still the director should have been aware about the money missing from the company funds. The letter of the CEO he has directly mentioned that two weeks back Duncan had to face the company official to answer the questions being raised up. However Duncan tells the cobs that she would be completely cooperative towards this case in order to avoid imprisonment,
the letter also stated that Duncan made the CEO to believe that she will bring back certain amount of funds back from some casinos that she played on online. There are certain insurance policies which might help out to recover the losses. But the amount would only comprise of 5% of recovery of what has actually been missing.
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