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.