LEXINGTON, Ky. — Roughly $4 million in housing funds were stolen electronically from the city of Lexington, police said Monday.
What You Need To Know
- Lexington police said around $4 million in federal funds was stolen
- The funds included federal rent assistance and transitional housing funds
- Police believe someone outside government directed an electronic funds transfer into a private account
The funds included federal rent assistance and transitional housing funds and were originally intended for Community Action Council, the city of Lexington said in a news release.
Police believe someone outside government directed an electronic funds transfer into a private account, the release said. Initial information shows no criminal involvement of city or Community Action Council employees, the release said.
The funds were tracked to three wire transfers into a private account, which was frozen by the financial institution, officials said.
The government's financial system was not compromised, city Finance Commissioner Erin Hensley said.
She said the city is working to help Community Action Council ensure continuity of housing assistance.