Univ. of Maryland Employee Charged For 300k Credit Card Fraud

Let’s face it… most of us aren’t happy with our pay. Either we’re not being paid fair wages, crappy benefits… or both! But, these aren’t excuses to do what Cheryl Denise Green allegedly did. She was an employee at University of Maryland, Baltimore. According to authorities, she decided to supplement her salary by stealing nearly half a million dollars from the school over a period of almost two years. Over $300,000 of that was reported to be charged to the school’s credit card; over two hundred transactions. That must have meant that on average she was spending more than a thousand on each purchase! And no, it wasn’t an American Express Centurion card she was allegedly raking up these big purchases on, but rather a Visa card… and no, not a Visa Black Card.

What’s amazing is that this credit card fraud started in December 2005, but it was not detected until 2008, when authorities say she attempted to deposit a check for $137k into her personal account. In turn, the bank contacted the school about this suspicious activity and an audit was eventually performed.

On February 27, 2009 Green pleaded guilty to felony theft. On Wednesday, she was sentenced to one year in prison, along with an order to pay back $332k and receive a psychiatric evaluation. Considering the credit card fraud laws that are on the books today, this is actually a very lenient sentence! The judge also ordered her to not seek employment with the state after her release from prison (I can’t imagine why!)

Written July 2009

 
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How on earth could their accounting dept not notice these charges? THey should be prosecuted too for not doing their job!