For the Teton School District, the cost from an email scam came due this week.
The district will pay more than $77,000 to the Idaho Counties Risk Management Program. The 20 percent increase is the maximum rate hike the public insurance carrier is allowed to collect, Jeanette Boner of the Teton Valley News reported.
The rate hike stems from a $784,000 fraud case from December.
The district’s former business manager, Carl Church, submitted the electronic payment to what he purportedly thought was a construction contractor.
After the email scam came to light, the district was able to recover about $484,000 of the stolen money. ICRMP covered the remaining $300,000 balance.