Former day care center director pleads guilty to wire fraud
Nichole Genz of Evansville has pled guilty to wire fraud against a Madison daycare center, according to an NBC-15 report. Genz admitted to charging personal expenses on her company credit card and falsely claiming they were for meal service for children at Learning Gardens Child Development Center, a property of Park Towne Development Corp. Genz worked for the center from September 2013 to October 2018. Genz, alongside the PTD accounting manager, participated in a scheme to defraud the company through the following methods of embezzlement:
- Diverting Learning Gardens tuition checks into the Learning Gardens petty cash account and cashing them;
- Cashing voided and altered PTD checks by diverting them to the Learning Gardens petty cash account and cashing them;
- Creating false bank statements for the Learning Center petty cash bank statement that hit the check diversions; and
- Misuse of the US Bank Visa company credit card for personal purchases.
The maximum penalty for the wire fraud charge is 20 years in prison, three years of supervised release, and a $250,000 fine.