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Former U-of-I machine shop manager arrested for alleged theft of almost $1-million

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September 13th, 2024 by Ric Hanson

The former University of Iowa Machine Shop manager accused of stealing nearly $950,000 from the university was arrested on Thursday. State Auditor Rob Sand released a report Sept. 4 detailing his investigation into Brian Busch’s activities as Machine Shop manager for the university’s Department of Physics and Astronomy. The investigation found Busch deposited nearly $1 million into his personal accounts that should have gone to the university’s account.

It also found Busch failed to tell the university about his ownership of D3Signtech (D3T), in compliance with university of policy. University officials were also made aware Busch may have used university assets and staff to divert revenue from the school to his business. The university says Busch was placed on administrative leave in 2021 but was not fired until last week when Sand’s investigation was finished. They say they’re looking at ways to recoup what they paid Busch and two other employees while on leave.

Busch was arrested on Thursday. He faces charges of first-degree theft, tampering with records, ongoing criminal activity and first-degree fraud.