StFX accuses former finance director of misappropriating $243K  

September 7, 2018

St Francis Xavier University is reportedly suing the former finance director of the Coady International Institute for misappropriating at least $243K. CBC reports that the statement of claim alleges that James Marlow requisitioned cheques from the university for fake invoices from suppliers, before depositing the cheques into a personal account. StFX began investigating in July, when the school’s auditor informed staff that a vendor had received payment for an invoice it had not issued. StFX has obtained an attachment order for $229K against Marlow’s property, and is also asking for punitive and aggravated damages, interest on the amount of the funds, and legal costs. The allegations have not yet been tested in court. CBC