The Community College System of NH lost $130,000 in a money-transfer fraud earlier this month.
According to the CCSNH, a scammer posed as a construction contractor who receives ongoing payments by paper check. The scammer requested to transition to an electronic method of payment. Shannon Reid, a spokesperson with the Community Colleges says the documentation appeared authentic, and the community college system obliged.
CCSNH says it is working with law enforcement, and is hoping to recover the funds.