I write this with an extremely heavy heart.
This morning I discovered that our Tower bank account was overdrawn when it should not be. I immediately sent Riley, TarValon.Net's Shatayan/CFO and Chairman of the Board of Directors, a text to find out exactly what was happening. 3 hours later, Riley called me to say that he has been taking money from the Tower accounts apparently with the intention of repaying them to cover bills and personal expenses at home. I first contacted the Keeper, then Eleyan Sedai as a representative of the Board of Directors to let them know what was happening.
I drove directly to the bank, have removed Riley from our account and as soon as the latest statement has fully posted, will close it completely. I brought our balance back to zero, so we are no longer overdrawn. I have also changed the password on our paypal account which is also at a zero balance.
While I was in the bank, Serenla Sedai removed Riley's forum access, and changed the password to the emails he had access to and gave the new password to myself and Leora Sedai. Riley also sent in his letter of resignation as an Officer and from the Board along with an admission of guilt to the officers and Board of Directors, along with a plan for repayment.
Due to the extreme nature of his actions and his letter, I have chosen (with concurrence of the officers and board of directors) to enact a ban of Riley, effective immediately, from TarValon.Net rather than putting him before the Hall of the Tower. There is no question that he has performed the above actions.
Moving forward, Eleyan Sedai called for an emergency meeting of the Board of Directors which will happen tomorrow night where they will discuss how we look to proceed. We are fully committed to recovering our funds, have engaged an attorney, and are exploring our options. At this point Riley is fully cooperating with us.
For those of you going to Fall Ball next weekend, Serinia and Yelenia will lead further weekend specific conversation in the Fall Ball forum, so please head that direction to talk about what *you* would like to do in the face of all this.
This thread will not be locked because all of us deserve to express our feelings. I know this will cause unease, distrust, anger, sadness and a whole range of other emotions. I can't tell you all how shocked and appalled I was when I saw the account this morning and started to realize the full scope of what this meant and I know many of you all share those feelings. This affects every single one of us. The Board will obviously be electing a new chairman tomorrow night, so please bear with us as we process the information we have and try to get all of it pulled together to start moving past the immediate damage control phase. We have Serenla Sedai who works in the banking industry reviewing our procedures and coming up with recommendations to make sure this cannot happen again. We will update you as we can and answer any questions you may have so please don't hesitate to ask either here or via email.
This morning I discovered that our Tower bank account was overdrawn when it should not be. I immediately sent Riley, TarValon.Net's Shatayan/CFO and Chairman of the Board of Directors, a text to find out exactly what was happening. 3 hours later, Riley called me to say that he has been taking money from the Tower accounts apparently with the intention of repaying them to cover bills and personal expenses at home. I first contacted the Keeper, then Eleyan Sedai as a representative of the Board of Directors to let them know what was happening.
I drove directly to the bank, have removed Riley from our account and as soon as the latest statement has fully posted, will close it completely. I brought our balance back to zero, so we are no longer overdrawn. I have also changed the password on our paypal account which is also at a zero balance.
While I was in the bank, Serenla Sedai removed Riley's forum access, and changed the password to the emails he had access to and gave the new password to myself and Leora Sedai. Riley also sent in his letter of resignation as an Officer and from the Board along with an admission of guilt to the officers and Board of Directors, along with a plan for repayment.
Due to the extreme nature of his actions and his letter, I have chosen (with concurrence of the officers and board of directors) to enact a ban of Riley, effective immediately, from TarValon.Net rather than putting him before the Hall of the Tower. There is no question that he has performed the above actions.
Moving forward, Eleyan Sedai called for an emergency meeting of the Board of Directors which will happen tomorrow night where they will discuss how we look to proceed. We are fully committed to recovering our funds, have engaged an attorney, and are exploring our options. At this point Riley is fully cooperating with us.
For those of you going to Fall Ball next weekend, Serinia and Yelenia will lead further weekend specific conversation in the Fall Ball forum, so please head that direction to talk about what *you* would like to do in the face of all this.
This thread will not be locked because all of us deserve to express our feelings. I know this will cause unease, distrust, anger, sadness and a whole range of other emotions. I can't tell you all how shocked and appalled I was when I saw the account this morning and started to realize the full scope of what this meant and I know many of you all share those feelings. This affects every single one of us. The Board will obviously be electing a new chairman tomorrow night, so please bear with us as we process the information we have and try to get all of it pulled together to start moving past the immediate damage control phase. We have Serenla Sedai who works in the banking industry reviewing our procedures and coming up with recommendations to make sure this cannot happen again. We will update you as we can and answer any questions you may have so please don't hesitate to ask either here or via email.
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It saddens me immensely to realize that even those I have always seen as having unimpeachable integrity can be tempted beyond their ability to resist. 
