DuPage Co. (ECWd) -
According to our sources, COD has received notice from an Attorney stating that both Thomas Glaser and Lynn Sapyta have terminated their own appeal hearing regarding their termination.
We are working on getting a copy of the letter and will post it when it is made available.
Glaser is the former COD Treasure that was terminated for cause, of which we understand numerous reasons were referenced with the violation of investment policy being the biggest issue.
Sapyta is the former COD controller that was also terminated for cause, of which her own attorney felt exposing those reasons in the local paper would some how help his case. Still trying to figure that one out. Her termination reasons are listed below as found in the Daily Herald at this link.
- Failing to implement and maintain sufficient internal controls to protect the financial integrity of the college regarding COD's radio station.
- Failing to implement and maintain sufficient internal controls at the Waterleaf restaurant.
- Failing to coordinate the distribution of financial information to the Waterleaf.
- Failing to implement accounting practices at the Waterleaf sufficient to forecast the college's revenues and expenditures.
- Failing to coordinate investment of surplus funds in conformance with board-approved policy.
- Failing to implement and maintain sufficient internal controls to protect the financial integrity of the college with respect to the board-approved investment policy.
- Failing to respond in a timely fashion and to cooperate with Internal Auditor James Martner's audit of investments, which began in November 2014.
- Violating the college's ethics policy by using the school's email system on Feb. 24 to solicit votes on behalf of candidates for the April election.
- "Additional violations referenced" in the internal audit of the investments.
As we understand it, since they have cancelled their appeal the termination process is now complete and the only other option for those two employees would be to file a law suit against COD for wrongful termination, which clearly will be an uphill battle in our opinion.