Detroit Financial Advisory Board paychecks stolen, cashed - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Detroit Financial Advisory Board paychecks stolen, cashed

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DETROIT (WJBK) -

Before the emergency manager, Detroit got a Financial Advisory Board along with the consent agreement. The board's purpose? To oversee all the financial decisions in the city.

Now that there is an emergency manager, we are still paying the Financial Advisory Board. Every three months, the nine members of the board are cut a check from the city for $6,250.

On June 6, the checks were cut from the Payroll Department. They were supposed to be sent to the post office via the mailroom, but the checks never made it to two members of the board because someone stole them and cashed them at an east side liquor store called Mr. Liquor on Seven Mile. They cashed them for just pennies on the dollar, according to law enforcement sources.

Authorities are working on the presumption that this is a check cashing ring, and now the FBI, DPD Internal Affairs and the city inspector general are on the case.

Watch the video report as Charlie LeDuff goes to the Payroll Department, the mailroom, the post office and Mr. Liquor looking for answers.

Ultimately, the City of Detroit is responsible for these stolen checks. We called the mayor's spokesman, who said he had no idea what was going on, which was not surprising as that is his usual line.

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