NewsCovering Kentucky


Scott County Schools Says $3.7M Stolen In Cyber Fraud Has Been Recovered

Posted at 11:54 AM, Apr 30, 2019
and last updated 2019-04-30 18:23:21-04

SCOTT COUNTY, Ky. (LEX 18)– Scott County Schools said Tuesday morning that it has recouped more than $3.7 million that reportedly was stolen earlier this month through a cyber fraud scheme.

“Scott County Schools is pleased to announce the full and complete recovery of all funds feared lost last week due to wire fraud,” Renee Holmes, community education director for the district, said in a statement. “The full amount of $3,704,338.76 has been returned to Scott County Schools. With the recovery of the money, we will not need to make an insurance claim.”

Officials said an FBI investigation into the incident remains ongoing, the details of which remain confidential.

Earlier, officials said that on April 24, the district discovered that a fraudulent email led to the creation of an automated payment account.

Scott County Schools Superintendent Dr. Kevin Hub notified Kentucky State Police and the FBI Office in Lexington.