A New Jersey man recently entered a guilty plea for his ongoing theft of quarters derived from parking meters. The individual, who had access to the room where the parking meter change was kept, took “handfuls” of change on a regular basis over approximately two years. At the end of the period, the theft had reached almost half a million dollars.
Time reports that “the coins he took over two years amounted to more than half of Ridgewood’s total annual collection from parking meters“. That this occurred for this period of time and with this impact on what should be a somewhat predictable revenue stream demonstrates a likely lack of internal controls.
Time also reports that this individual will avoid jail time and will only have to repay the amounts taken.