The Lisbon Reporter

WELCOME TO THE LISBON REPORTER. In an effort to keep our community informed of what is going on at local and Federal levels of government, we decided to create this on-line newspaper. It is our hope that this on-line newspaper will help you stay informed so that you can get involved and take action for the benefit of our ENTIRE community. Thank you for visiting and please check back frequently for information about what is happening in LISBON/LISBON FALLS, MAINE USA

Sunday, October 3, 2010

Small Maine Town Victim Of Insider Fraud

"This is EXACTLY WHY taxpayers and citizens need to be vigilant with elected and appointed town officials."

Dot Fitzgerald

Newburgh auditor: Financial warnings unheeded

By Christopher Cousins
BDN Staff

NEWBURGH, Maine — Blunt warnings that something was amiss in this Penobscot County town’s finances trace as far back as February 2008, when a municipal auditor raised red flags, though town officials from that time insist they never heard those warnings.

Ron Smith, owner of RHR Smith & Co., which has conducted annual audits for the town of Newburgh for the past seven years, said former Deputy Town Clerk and Treasurer Cindy Dunton and former Town Manager Nancy Hatch were told for at least three years running that the town needed to strengthen its financial processes, including comparing monthly bank statements to internal spending records.