FAMU employee arrested for grand theft

A Florida A&M University employee was arrested Wednesday by the FAMU Police Department on charges of grand theft.

Police allege that Teria Coverson, an administrative assistant at the University for nearly five years, has been stealing money from the pharmacy clinic. According to investigations conducted by the FAMU Division of Audit and Compliance, Coverson stole $55,344.

In October 2007, the Division of Audit and Compliance began a review of the cash management practices at the pharmacy clinics located at 872 Orange Ave. and 438 W. Brevard.  Upon completion of its audit, the division discovered numerous cash deposits did not reflect true and accurate deposit amounts in relation to actual amounts received by the clinics.

President of FAMU James H. Ammons said incidents of this nature had no place at the University. He stressed accountability.

“We have zero tolerance for this kind of behavior,” Ammons said. “It is important that we have a system and process in place to make sure that we are able to uncover these kinds of discrepancies. We want to be accountable for every dollar. I commend the Division of Audit and Compliance and the FAMU Police Department for conducting a thorough investigation.”

Information compiled from press release.