Police Investigating Theft of Funds from IU Foundation

(BLOOMINGTON) – Indiana University Police are investigating the possible theft of funds from the IU Foundation.

According to Dan Smith, president and CEO, of IU Foundation the theft was discovered during a forensic auditor looked into the records.

Officials say no donor gifts were compromised

An employee has admitted to the theft and their employment terminated.

Police say no arrest has been made at this time because the investigation is still active.