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Fringe society defrauded of £200,000 | Fringe society defrauded of £200,000 |
(about 1 hour later) | |
More than £200,000 was fraudulently taken from the organisation which runs Edinburgh's Fringe festival by a former employee. | |
The Fringe Society said the money was taken over eight years by a former employee, who has not been named. | The Fringe Society said the money was taken over eight years by a former employee, who has not been named. |
The money has since been recovered in a police investigation. The details of the fraud have not been released. | The money has since been recovered in a police investigation. The details of the fraud have not been released. |
The society gives support to performers who go to the world's largest arts festival at their own cost. | The society gives support to performers who go to the world's largest arts festival at their own cost. |
It has a budget of £3.5m which comes from the Scottish government, Creative Scotland and Edinburgh city council. | It has a budget of £3.5m which comes from the Scottish government, Creative Scotland and Edinburgh city council. |
This year's festival begins on 7 August. | This year's festival begins on 7 August. |
Annual turnover | Annual turnover |
Kath Mainland, chief executive of the Edinburgh Festival Fringe Society, said: "We have been a victim of a sophisticated fraud campaign conducted by one individual in a position of responsibility over an extended period of time. | |
"The amount of money involved in any given year was, on average, less than 1% of the Fringe Society's annual turnover and not operationally impactful. | "The amount of money involved in any given year was, on average, less than 1% of the Fringe Society's annual turnover and not operationally impactful. |
"We do take matters such as this very seriously. Despite already recovering the funds I wanted to be open about the situation and offer the opportunity to members to discuss this at our Annual General Meeting in August." | "We do take matters such as this very seriously. Despite already recovering the funds I wanted to be open about the situation and offer the opportunity to members to discuss this at our Annual General Meeting in August." |
She added that under police advice she was not able to name the individual involved or disclose specific information due to the ongoing investigation. | She added that under police advice she was not able to name the individual involved or disclose specific information due to the ongoing investigation. |
A Police Scotland spokeswoman said: "Police Scotland is carrying out an investigation into a possible fraud following a complaint from the Edinburgh Festival Fringe Society. | A Police Scotland spokeswoman said: "Police Scotland is carrying out an investigation into a possible fraud following a complaint from the Edinburgh Festival Fringe Society. |
"The complaint was made to police on Tuesday, 31 March. Inquiries are ongoing and the investigation is at an early stage." |
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