Trust Issues

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When running any type of business, it is important to hire employees that you trust. You certainly wouldn’t want to employ anyone that would damage your corporate image or mishandle company resources for personal benefit. Lex18.com reports on a Nicholasville daycare center that regrettably hired an employee, who embezzled thousands of dollars for personal gain.

The story states that the former assistant director was responsible for documenting financial transactions at the daycare center, including collecting money from parents and making bank deposits. The 55-year-old woman pleaded guilty to fraud and admitted that she fudged some facts in the company records to bury the crime. A hearing is scheduled to determine exactly how much money the woman embezzled. It is estimated by the Nicholasville Police Department that approximately $320,000 was taken from the child care center, which annually receives more than $10,000 in federal funding. The fraudster is facing a maximum sentence of 10 years in prison. (Maybe she’ll think twice about cooking the books the next time.)

It is safe to assume that the daycare owner trusted the former employee to be loyal at one time, or she would not have been hired. It’s hard to tell what drove the woman to take money that was not hers. Perhaps greed, desperation or bad judgment is to blame. What is disconcerting is that the crime was committed at the expense of the children attending the center. (They didn’t get to benefit from the funds that could have provided better educational programs or resources.) We trust that our judicial system will impose a fair sentence for this deceptive crime.

Source: Today’s ”Fraud of the Day” is based on the article titled, ”Former Assistant Director at Nicholasville Day Care Pleads Guilty to Fraud,” published on Lex18.com, the Website for a NBC television affiliate in Lexington, Ky., on September 4, 2013.

LEXINGTON – A former employee at a child day care center in Nicholasville has admitted defrauding the company out of thousands of dollars.

On Tuesday, Pamela Sandlin, 55, pleaded guilty to a fraud charge in front of U.S. District Judge Karen Caldwell.

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Larry Benson, Senior Director of Strategic Alliances, LexisNexis Risk Solutions - Government

Larry Benson is responsible for developing strategic partnerships and solutions for the government vertical. His expertise focuses on how government programs are defrauded by criminal groups, and the approaches necessary to prevent them from succeeding.

Mr. Benson has 30 years of experience in sales and business development. Before joining LexisNexis® Risk Solutions, he spent 12 years founding and managing two software technology startups. During the 1990s he spent 10 years as a Regional Director helping to grow a New England-based technology company from 300 employees to 7,000. He started his career with Martin Marietta Aerospace working on laser guided weapons and day/night vision systems.

A sought-after speaker and accomplished writer, Mr. Benson is the principal author of “Fraud of the Day,” a website dedicated to educating government officials about how criminals are defrauding government programs. He has co-authored WTF? Where’s the Fraud? How to Unmask and Stop Identity Fraud’s Drain on Our Government, and Data Personified, How Fraud is Changing the Meaning of Identity.

Benson holds a Bachelor of Science in Physics from Albright College, and earned two graduate degrees – a Master of Business Administration from Florida Institute of Technology, and a Master of Science in Engineering from Lehigh University.