State treasurer reveals Kentucky was target of $5.3 million fraud attempt

Published: Dec. 28, 2018 at 11:48 AM EST
Email This Link
Share on Pinterest
Share on LinkedIn

Kentucky State Treasurer Allison Ball says the state was targeted by a sophisticated fraud attempt which attempted to steal millions in taxpayers dollars.

In an interview with Kentucky Newsmakers' Bill Bryant, Ball revealed that the scheme attempted to defraud the state of more than $5.3 million in one attempt and several thousands of dollars in other attempts since then.

Ball said the state was targeted right before Christmas.

"They looked legitimate," Ball said. "I'm so very proud of my staff because one of the things I made them go through a lot of was training on cybersecurity and how do you know when something is fraudulent and something didn't pass the smell test."

Ball said the scheme may have worked if state employees had not received proper training on these types of schemes. The investigation into the scheme is ongoing.

You can watch Ball's entire interview on Kentucky Newsmakers 6 a.m. Sunday on WKYT and 10 a.m. Sunday on the CW Lexington. You can also listen to Kentucky Newsmakers by subscribing to WKYT on Apple and Google Podcasts.