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  • Corrupt Chaity Officer Pleads Guilty

    Top official stole from children's center, bought a pool, went shopping

    November 4, 2009 | 12:22 pm

    The former chief financial officer of Orange County’s Orangewood Children’s Foundation was convicted today of stealing more than $780,000 from the nonprofit for abused children.

    Tracy Lynn Salcido, 40, pleaded guilty in Orange County Superior Court to 206 felony counts of forgery and 20 felony counts of falsifying records. She was sentenced to 12 years in prison and ordered to pay $1.15 million in restitution and legal and accounting fees stemming from the case.

    Prosecutors say that, between 1999 and 2005, Salcido forged 206 checks from Orangewood’s accounts and deposited them in an outside business account. She tried to hide the theft by under-reporting donations to the foundation and overstating expenses.

    Salcido used the stolen money for a pool and spa at the Yorba Linda home she shared with her husband, vacations, shopping sprees and several vehicles, including a BMW.

    Founded in 1981, Orangewood built and supports the county’s only emergency shelter for neglected and abused children.

    -- Mike Anton in Orange County
    Facts do not cease to exist because they are ignored. -- Aldous Huxley
    Two things are infinite: the universe and human stupidity. -- Albert Einstein

  • #2
    Wow, how spineless.

    Comment


    • #3
      My wife and I have donated to Orangewood, as they have been a very good charity (and will be better after she is gone). Good catch.
      sigpic
      Originally posted by Smurfette
      Lord have mercy. You're about as slick as the business side of duct tape.
      Originally posted by DAL
      You are without doubt a void surrounded by a sphincter muscle.

      Comment


      • #4
        Good catch! As a former auditor I'm always happy to see financial shenanigans exposed.

        Kinda sad to see Orange County relies on a charity for emergency shelter for abused children though.
        Molly Weasley makes Chuck Norris eat his vegetables.

        sigpic

        Comment


        • #5
          3/4 of a million, and nobody noticed until 6 years later? That's some fancy accounting.

          Comment


          • #6
            Originally posted by avalon42 View Post
            3/4 of a million, and nobody noticed until 6 years later? That's some fancy accounting.
            Sorry, you're post made me laugh

            Comment


            • #7
              In general, charities are not well run.
              Facts do not cease to exist because they are ignored. -- Aldous Huxley
              Two things are infinite: the universe and human stupidity. -- Albert Einstein

              Comment


              • #8
                And I suppose her husband knows nothing about it!

                Comment


                • #9
                  Originally posted by offmts View Post
                  And I suppose her husband knows nothing about it!
                  Wow....now he has a great home, a spa, a BMW and no wife due home for at least six years (with time off for good behavior).

                  Sure, baby, I'll wait for you!
                  "You're never fully dressed without a smile."

                  Pain is inevitable, suffering is optional.

                  Three things I know for sure: (1) No bad deed goes unrewarded, (2) No good deed goes unpunished, and (3) It is entirely possible to push the most devoted, loyal and caring person beyond the point where they no longer give a 5h!t.

                  Comment


                  • #10
                    Originally posted by avalon42 View Post
                    3/4 of a million, and nobody noticed until 6 years later? That's some fancy accounting.
                    Pffft...that's chump change in the corporate world.

                    We had a recent case here where the bookkeeper embezzled 5 million over as many years from her company...they almost went bankrupt.
                    Molly Weasley makes Chuck Norris eat his vegetables.

                    sigpic

                    Comment


                    • #11
                      Originally posted by willowdared View Post
                      Pffft...that's chump change in the corporate world.

                      We had a recent case here where the bookkeeper embezzled 5 million over as many years from her company...they almost went bankrupt.
                      Yep, I found over a million myself. No one is watching the barn, and law enforcement can't do anything to prevent it. It's the victims that have to largely figure it out before the law gets involved.

                      It's just one of those things I see that:
                      1) owners or stakeholders don't want to get involved in the details.
                      2) when offenders are confronted they can deflect a lot of questions by dragging feet and giving confusing information. That's the best part about this kind of crime, at first they are the ones in control of the investigative information. They KNOW when the heat is on.
                      3) As long as the organization stays afloat the crime can continue easier. Usually only when the organization is at a breaking point are things pushed to a point new eyes start looking at the business model.

                      It's too easy. Way too easy.........
                      _____________
                      "Corruptisima republica plurimae leges."

                      "The more corrupt the state, the more numerous the laws."
                      - Cornelius Tacitus

                      Comment


                      • #12
                        Originally posted by offmts View Post
                        And I suppose her husband knows nothing about it!
                        As far as the law is concerned, that is correct.
                        _____________
                        "Corruptisima republica plurimae leges."

                        "The more corrupt the state, the more numerous the laws."
                        - Cornelius Tacitus

                        Comment


                        • #13
                          Originally posted by SCV-Sop View Post
                          As far as the law is concerned, that is correct.
                          I am not an expert on community property, but I think her husband could be liable to repay what was stolen.
                          Facts do not cease to exist because they are ignored. -- Aldous Huxley
                          Two things are infinite: the universe and human stupidity. -- Albert Einstein

                          Comment


                          • #14
                            Originally posted by DAL View Post
                            I am not an expert on community property, but I think her husband could be liable to repay what was stolen.
                            In the case here, they had to liquidate and surrender all assets/property. They turned over the house (with lots of pricey upgrades), cars, jewelry, lots of designer clothes/shoes.

                            The chick responsible was also a regular casino visitor, so she told hubby it was winnings. Many "recreational embezzlers" buy stuff for themselves that is easy to hide the real price from spouses. I mean really, how many guys have a clue about how much clothes and jewelry and accessories cost? There have been a few that were hoarders who rent storage spaces to hide their stuff.

                            We had another case here where the lady was getting toys from Toys for Tots but not distributing them to the foster families they were intended for. She had several storage units and would sell them on E-bay.

                            @SCV...I think the other thing that happens with smaller businesses is they tend to trust the person handling the money too much. They may have doubts when things start happening but they don't want to believe they are being betrayed.
                            Molly Weasley makes Chuck Norris eat his vegetables.

                            sigpic

                            Comment


                            • #15
                              One of the problems is that it is expensive to monitor finances carefully. If phony transactions are generated, an auditor will find a paper trail to support book entries. In order to determine that a fraud is going on, a person with knowledge of the details of the business has to review the books. And, for a charity, those people are often busy people employed by other businesses.
                              Facts do not cease to exist because they are ignored. -- Aldous Huxley
                              Two things are infinite: the universe and human stupidity. -- Albert Einstein

                              Comment

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