
The City of Homewood recovered a portion of the funds stolen from the city by the former finance director. This initial $500,000 was the result of an insurance payout from the city’s carrier Traveler’s Insurance. The city, with assistance from the city attorney and other investigative agencies, anticipates recovering additional funds.
“As we work through this process," says Mayor Patrick McClusky, "we are hopeful that the city will eventually recover the majority, if not the totality, of the embezzled funds."
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