The FBI and the New York State Police are looking into the theft of over $3 million from a small school district in western New York.

"All but $497,200 was eventually recovered after an employee at Norwich, New York-based NBT Bank alerted officials at Duanesburg Central School District to the unusually larger overseas transfers and managed to get them reversed," writes The Register's Dan Goodin. "The pilfering happened over a four-day period starting on December 18."

"The district has about 1,000 students and an annual budget of $14.9 million," Goodin writes.

Click here to read the story at The Register.