An unknown thief has stolen $30,000 from the Kids Company, a Ballard-based business that runs extracurricular activities inside Seattle elementary schools, according to a recently released police report. But it's unclear who stole the money or whether the dough can be recovered.
On September 14, the company's accountant noticed that $25,000 had been transferred into their general account from one of the company’s other accounts without authorization, the report says. The accountant contacted the Sterling Savings Bank to inquire what happened, but the report doesn't explain if the bank provided an answer.
The next day, the report says, another unauthorized transfer was made; this time $30,000 was removed from the Kid's Company's account and deposited into the account of a business in Florida, where it was then forwarded to the Ukraine. Hackers also scrubbed several employee records from the company's payroll database, and they got access to the bank account numbers of every employee at the business. But the police report says that company accountants then stopped the unknown thieves from transferring another $30,000.
Kid’s Company may be unable to get back the stolen money, the report says. Sterling Savings reportedly told the company that the bank could not refund the money due to regulations of the Automated Clearing House (ACH) electronic network, the fund transaction network where the theft occurred.
Seattle Police referred Kid’s Company officials to the FBI and local-law enforcement departments in Florida, which declined to take the case. The Kids Company filed the case with Seattle Police Fraud/Forgery Unit. Calls to the business have not yet been returned.







