The Jacksonville Jaguars recently received some bad news as one of their former employees, Alanah Kerr, was recently charged with stealing more than $22 million from the organization. Kerr had worked as the organization’s Chief Financial Officer for the past decade, but earlier this year, she abruptly left the team for an unknown reason.
It turns out that Kerr had allegedly used the money for a luxurious shopping spree, purchasing items from top luxury brands such as Louis Vuitton, Gucci, Cartier, and Tiffany & Co. According to the investigation, the money was taken in small amounts over the 10-year period and was channeled into a special bank account created by Kerr.
It is estimated that at least $16 million of the stolen money was used on luxury items and on real estate investments, including a $2.1 million home in Paradise Island, Bahamas. The remaining $6 million of the money had been unaccounted for, but police are currently working to determine how Kerr had spent the money.
The Jacksonville Jaguars recently issued a statement expressing their disappointment about the theft and, reassuring fans and sponsors that the team’s finances have remained unscathed throughout the incident. The organization is currently working with the authorities to put a stop to any further financial crimes from occurring.
Kerr has since been charged with theft and is currently out on bond. She has yet to make a statement, but investigative officers strongly believe she will fully cooperate.
This incident is a reminder to organizations of all sizes to remain vigilant and place proper security measures into place to ensure that these kinds of misconducts do not happen. With a better understanding of their finances and a clearer understanding of their employees’ behaviors, companies can ensure that their hard-earned money is safe.