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Regatta group receives partial repayment of embezzled funds

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Undisclosed amount repaid by nonprofit's former treasurer

By Dave Taylor

Madison Regatta Inc., the all-volunteer, nonprofit entity that organizes and runs the annual Indiana Governor’s Cup boat race on the Ohio River, has received partial reimbursement of funds embezzled from its bank accounts nearly a decade ago.
Regatta media chairman Joe Hertz said in a news release issued Monday that the funds had been received. The release did not specify how much money was involved in the reimbursement.


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