Nearly $450K stolen from Milwaukee Public Schools in bank impersonation fraud

Milwaukee Public Schools was the target of a bank impersonation fraud where a suspect or suspects stole around $450,000.

According to a letter from district to finance team members, MSP has notified authorities including the FBI, Wisconsin Statewide Intelligence Center and the Milwaukee Police Department, as well as notifying its Office of Accountability and Efficiency.

The district said that of the approximately $450,000 lost, around $255,000 has been recovered by US Bank and they are working to recover the remaining $195,000…

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