LEXINGTON, Ky. (WKYT) – Former University of Kentucky men’s basketball guard Kerr Kriisa was arrested by FBI agents and is expected to be extradited to West Virginia in connection with alleged fraud charges, according to a report from On3.
The Fayette County Detention Center confirms to WKYT that Kriisa is being held there. They confirm that he was arrested on the evening of July 3, but due to it being a federal case, they cannot release details of his arrest or charges. Bail has not been set.
Kriisa, 25, recently completed a six-year college career with stops at Arizona, West Virginia, Kentucky and Cincinnati.
On3 reported the allegations stem from his time at West Virginia during the 2023-24 season and described the case as involving a multimillion-dollar fraud scheme. A court hearing is scheduled for next week, the outlet reported. The FBI has not publicly released details of the…
PAYROLL & HR CONTROLS (PREVENTING “GHOST” SCHEMES)
Payroll fraud is often the hardest to detect because it “looks” like a normal business expense.
- Segregation of Duties (SoD): The person who adds new employees to the system must not be the same person who approves the monthly pay run.
- Mandatory Vacation Policy: Require all financial and HR staff to take 5–10 consecutive days of leave annually. Fraud often surfaces when the perpetrator isn’t there to “hide” the trail.
- Ghost Employee Audit: Perform a quarterly “Headcount Reconciliation” where managers must physically verify every name on their payroll list exists.
- Self-Pay Blocking: Ensure the payroll software has a hard-coded block preventing administrators from editing their own salary or bank details.