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World Athletics Uncovers €1.5 Million Insider Theft, Refers Case to Authorities

An audit under new financial leadership revealed the scheme.

Overview

  • World Athletics says two employees and a contracted consultant carried out a multi-year scheme that stole just over €1.5 million.
  • One employee had already left the organization, while the remaining employee and the consultant were dismissed following the internal investigation.
  • Detailed case files have been provided for criminal investigation to authorities in Britain and Monaco.
  • An independent forensic accounting review found no other fraudulent activity, and enhanced financial controls are being introduced.
  • President Sebastian Coe pledged to recover funds using the full force of the law, as outside reports naming former executives as targets remain unconfirmed.