Officials with Missouri Employers Mutual tell KRCG 13 News that they have controls in place after former Missouri Governor Roger Wilson was indicted in a campaign donation scheme.
Authorities said Wilson misappropriated $5,000 from a firm created by the state legislature to provide worker's compensation insurance and where he served as CEO.
Wilson faced a small group of reporters in St. Louis and said he made a mistake and that he apologizes to everyone.
Representatives of Missouri Employers Mutual said “MEM believes the company had and still has sound governance and controls in place. We discovered this situation ourselves, which speaks to the effectiveness of those processes. Still, MEM took the opportunity to review all of our processes and governance procedures through internal and external, independent reviews and made improvements”.
Wilson’s indictment is the latest scandal at Missouri Employers Mutual. Authorities indicted 2 former board members last year for alleged theft and fraud. Wilson could face up to 6 months in a federal prison.
Wilson’s sentencing is set for July 9.
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