Milwaukee clinic audit uncovers embezzlement

An internal audit has revealed that an accounts payable clerk for Milwaukee Health Services, Incorporated embezzled more than $500,000 from the company before quitting his job last year, according to the Milwaukee Journal-Sentinel.

Bank records revealed that the clerk prepared 79 fraudulent checks totaling $522,479 between April 2008 and September 2010. The checks were made out to companies whose names sounded similar to vendors of the company, and, once they were approved by the clinic's chief executive officer, the clerk allegedly deposited them into one of his four separate accounts at Tri City National Bank, U.S. Bank, M&I Bank, and JP Morgan Chase Bank.

A company comptroller performed an internal audit after realizing that a vendor had not been paid despite a check being deposited, and found that the address listed for the fraudulent vendor matched the clerk's address.

A different kind of fraud was recently discovered in the area when Wisconsin and Southern Railroad Company CEO William Gardner was found to have been sending funds through employees to the Scott Walker campaign, according to the Badger Herald.

Leave a Reply

Your email address will not be published. Required fields are marked *

Prove You're Human * Time limit is exhausted. Please reload the CAPTCHA.