LAWRENCE, Kan. (FoxKansas.com) -- The University of Kansas has managed to recoup at least $500,000 of the money that was lost during an orchestrated effort by seven university employees to sell school football and baseball tickets.
According to a report on the Website of the Lawrence Journal-World, the school's insurance policy has reimbursed the university with a $250,000 settlement payment while the seven defendants have paid $246,952 in restitution.
Seven school workers were convicted in the theft of over 17,000 KU baseball tickets and at least 2,000 football tickets. During the legal proceedings, it was revealed that the workers illegally sold the tickets to brokers and pocketed the money.
Five of the participants are serving time in federal prison and expected to be released, starting in 2014.
FoxKansas.com Staff Writer Alfred Charles contributed to this report. He can be reached at firstname.lastname@example.org