The Cass County Sheriff’s Office is investigating allegations an employee of the 21st Century Co-Op may have embezzled money. According to Sheriff Darby McLaren, the manager of the Co-Op asked for the investigation, which also includes a review of records by the Auditor’s Office. McLaren said because it is a complex, on-going investigation, additional details will not be released at this time. 21st Century Co-Op has locations in Cumberland, Massena, Atlantic, Fontanelle, and Greenfield.
A letter from Board President Rick Wheatley to the Co-Op’s stockholders dated October 3rd, said:
“This letter is to inform you as a Member of the 21st Century Cooperative about criminal activity that was recently uncovered and is being addressed by the Cass County Sheriff, the board of directors, and Coop management.
Late last week, the Coop learned that an employee has embezzled funds from the Coop. The employee was discharged. The theft was immediately reported to law enforcement authorities and investigations by the Cass County Sheriff’s office and our auditors are ongoing.
We ask that you keep this information confidential and refer any inquiries you may receive to Randy Daugherty, General Manager of the Coop. We will keep you informed as more definitive information is available.
The audit has been completed and we are pleased to report another successful year. Dividend checks will be distributed at next month’s annual meeting. In addition to last year’s business, we will also be paying off past equity for the years 2004 and 2005.
The 21st Century Cooperative remains a financially strong organization. We will continue to provide the highest quality service to our members and customers.”