That’s the location of the Hotel Desmond and my brother-in-law Denny Desmond heads its board of trustees.
The village has about 1,000 people, so $325,000 is significant amount.
And, that’s just what Desmond discovered missing from 2002 through 2008.
Another $673,534 is “unaccounted for” before that date, according to an article in the Joplin Globe.
Long-time Treasurer Gene “Paul” Boyd resigned in October when Desmond, a CPA, confronted him.
Boyd told his employer, Empire District Electric Company, that he had been stealing for the village for over two decades.
My brother-in-law tells me he thinks Boyd stole about a million dollars.
“Our actual revenues in 2007 were $79,000 and actual expenses were $22,000 for a $57,000 surplus,” he emailed me. “He understated our revenues by about 50% and overstated our expenses.”
“In 2007 he stole $60,000 and 2008 stole only $45,000 (because he was caught in October). He showed a surplus of $15.000 to $20,000 per year.”