Palace Sports & Entertainment is suing a former employee, claiming she used a company credit card to make $1.8 million in unauthorized personal charges.
Amy McDonald, a former accounting manager, was authorized to use the card for business purposes, including paying accounts. The company runs The Palace of Auburn Hills arena, where McDonald worked.
The company’s lawsuit claims McDonald made unauthorized personal charges from 2005 to May 2008. McDonald’s husband, Erik McDonald, and a company he operated are named as co-defendants. The pair used the company to conceal the theft, the lawsuit alleges.
An internal investigation by The Palace uncovered the theft. Palace Sports confronted McDonald in June—she repeatedly denied making unauthorized charges on the card—and then fired her. Criminal charges will likely follow.
By early July, the couple was still on the lam. Police said they may have fled to Toledo, Ohio.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/5341/palace-employee-allegedly-makes-off-with-kings-ransom "
- Be ready to justify different punishment for like offenses
- USERRA: An Employer's Guide to Military Leave Law
- 5 ways to celebrate the holidays despite the downturn
- Worker calls in sick after boss denies requested day off: Now what?
- Beware promises about schedules, retention that could create an employment contract