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Tens Of Millions Of Taxpayer Dollars Missing From Philadelphia’s Largest Cash Account

Published: April 29, 2018
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Source: CBS

City officials are searching for tens of millions of dollars of misplaced money as they’re trying to figure out what happened.

The City of Philadelphia isn’t sure where $33.3 million went from its largest cash account.

City Controller Rebecca Rhynhart called it “unacceptable.”

“It could be the money was mistakenly deposited in the wrong city account,” she said. “It could be worse. It could be that a portion of it is actually missing or it could be theft.”

Rhynhart is demanding the city’s Finance and Treasury Department find the missing money.

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