Peterborough asking insurer to cover $2.3M lost in scam, official says | Local News

0
72

PETERBOROUGH — Town officials hope to recoup from insurance $2.3 million stolen from public coffers in a cyber scam this summer before considering other ways to raise those funds, according to Town Administrator Nicole MacStay.

MacStay declined to speculate whether taxpayers will have to make up the stolen funds, saying only that Peterborough is “focusing our attention on recovering those losses through insurance right now.”

“If we do find that we’re not able to, we’ll start exploring the other options that’ll be available to the town,” she said.

Town officials learned of the scam after a $1.2 million transfer meant for ConVal didn’t reach the district in July and payouts to a contractor on the Main Street bridge project also weren’t received, MacStay and selectboard Chairman…

Read full article at www.sentinelsource.com