Hospital executive pleads guilty to embezzlement charges — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Hospital executive pleads guilty to embezzlement charges

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in Employment Law,Human Resources

The former executive vice president of the Children’s Hospital of Phila­del­phia has pleaded guilty to charges stemming from a 12-year plot to embezzle $1.7 million from the hospital.

Roosevelt Hairston Jr. was relieved of his duties in February after hospital auditors found irregularities. The U.S. attorney had alleged Hairston created a number of shell companies that would invoice the hospital. Hairston then stole a close friend’s identity and sent emails verifying the invoices’ authenticity from a fraudulent address.

Prosecutors claimed Hairston used the money to live a “lavish lifestyle, purchasing luxury items, like real estate, a luxury yacht with a captain to maintain the yacht, high-end automobiles, and many other luxury items.”

Note: Hairston was able to embez­zle so much because he held a position of trust. No employee should be above suspicion. Even executives should have spending limits, and all transactions must be subject to scrutiny.

A red flag for employers: Em­­ployees who seem to be living beyond their means.

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