UPDATE: Sources now tell me that two SAG employees were fired after between approximately $200,000 and $250,000 in unpaid residuals was discovered to be missing during an accounting review. The second employee, not mentioned in the official statement below, wasn’t involved in the alleged theft but supposedly failed to follow the guild’s financial oversight procedures. Here is SAG’s official statement from earlier today:
“Screen Actors Guild is actively investigating a possible financial impropriety by a manager previously employed by the Guild. When an internal review indicated a potential problem, the Guild moved immediately to investigate and take appropriate action against the employee involved. Once this investigation is complete, we will work with local and federal law enforcement agencies on further actions to be taken as appropriate.
Senior Guild executives are overseeing the investigation of this matter and provided a thorough report to the National Board of Directors in October. It is important to note that the Guild’s insurance protects against any loss of this nature and would effectuate full reimbursement of such funds in the event of an actual loss. Our members may rest assured that member funds are not at risk.
We can say nothing more about this matter until we have completed our investigation and reviewed all legal and other options available to the Guild, and thus, will not further comment.”