Statement Regarding Mr. Paul McCown
On June 3, Wyoming Catholic College was made aware of personal financial irregularities involving Mr. Paul McCown, WCC’s then-Chief Financial Officer. On June 5, McCown, who had been employed by WCC since May 2018, was placed on indefinite administrative leave.
On June 22, Wyoming Catholic College learned of a federal civil suit filed in the United States District Court for the District of Wyoming, alleging that McCown—without the knowledge of the College—fraudulently obtained a substantial sum of money through alleged illicit transactions. Some of those funds were donated by McCown to Wyoming Catholic College. WCC is cooperating with parties involved in the civil suit, and the funds are in the process of being returned.
On June 25 McCown resigned as CFO. A second WCC employee referenced in the suit has been placed on administrative leave.
Over the past month, to experience such a profound breach of trust by a leader of our institution, has been both embarrassing and painful for Wyoming Catholic College. However, an initial internal review by the College found no additional financial irregularities, and Wyoming Catholic College has neither been sued nor is a defendant to the suit.