Vermont League of Cities and Towns pays out $500,000 for Coventry insurance claim
COVENTRY–An insurer has confirmed that the town of Coventry is missing at least a half a million dollars.
The Vermont League of Cities and Towns agreed Tuesday to pay the Northeast Kingdom town nearly $500,000 for money local officials say is missing.
Cynthia Diaz, the Coventry town clerk and treasurer, has been accused by local officials of mishandling a total of $1.4 million in tax monies. Diaz continues to hold office despite federal and state investigations and suspicions that she has embezzled funds.
The payout is the highest amount the league could pay for the insurance claim related to allegations of embezzlement. The town’s policy capped out at $500,000.
Read more: https://vtdigger.org/2017/05/26/vermont-league-cities-towns-pays-500000-coventry-insurance-claim/