A former university official has been charged with Larceny after using his procurement card to purchase hundreds of Visa gift cards, which were then sold for cash or exchanged for illegal drugs.
Robert Walmsey, 34, was arrested on Tuesday after an investigation by the Massachusetts State Attorney General. He was a former employee at Framingham State University, where he worked at the school’s Office of Development and Alumni Relations.
Walmsey pleaded not guilty on Tuesday afternoon for three counts of larceny over $250, and two counts of Presenting fraudulent claims to an employer for payment. Bail was set at $20,000 cash. He will return to Framingham District Court on Thursday, September 4th.
The case is another example of how company-issued credit cards can lead to an increase in employee embezzlement. Businesses must ensure that they have the proper tools in place to identify fraud.