State Bet On SSA Theft
When bookkeeper Armine Sabatini was charged with siphoning $145,000 from Steamship Authority, nobody at SSA could say they didn't see it coming. A 2008 audit by the state found that the boat line did not "properly safeguard its assets against potential loss, theft or misuse."
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It's not like there was one little suggestion in a large overview of SSA accounting practices. The warning is a large, bold headline. VT would argue it is the substance of the document. In the audit, (available here) the Authority did not deny the findings but said they agreed with the importance of a control plan and that they were "working to formally document all..." blah, blah, blah.
