So the week before payouts, the league is informed that the >$19,000 was burglarized from the league managers house. An apology was issued, and we were told that it would be “made right”. Initial thoughts?
Based on what I know about the league manager, I don’t suspect him of stealing it. Seems like a great guy. I’m very torn on what to make of this.
Since it was so close to payout time, there is a good chance that the LO had withdrawn the money from the bank to issue payouts. I know that I have to give my bank at least a week's notice to withdraw a large chunk of money with a certain denomination breakdown. If this is not the case, and over the course of the season the LO held the money at his home instead of the bank, then that is a serious problem that must be addressed.
Question, does the league have a treasurer or does the LO take care of that responsibility?
If the LO does not own a home then there will be no recourse from insurance. No renters insurance policy will cover that great of a loss of money.
Sounds to me like you are just going to have to wait and see if it is made right. But the league should batten down the accountability hatches. Give the LO the benefit of the doubt, but at the same time you must demand that the LO's handling of the money going forward is transparent and responsible. Demand to see the police report. (HINT: if there is no police report, then you immediately know who stole the money) And you should also demand that the LO clearly define his plan (including timeline) that will make things right. If the LO makes things right, then all can be forgiven. If not, then you should contact the authorities.