The owner of Mayfair Title Corp. got a surprise when he checked up on a financial discrepancy: An employee had allegedly embezzled over $80,000 from the company.
According to the police report:
The owner was reviewing the company's finances when he found a discrepancy, which he reported to the financial director, a 42-year-old Greenfield woman.
The owner became suspicious after the financial director couldn't explain the discrepancy. Looking deeper into the company's finances, the owner found more discrepancies. Checks were being made out to a mortgage company and to a woman he didn't know.
The woman turned out to be the financial director's sister. The owner believes the mortgage company holds the financial director's mortgage.
The report said the financial director confessed to the embezzlement when the owner confronted her with the evidence he gathered and said she would help him gather the data. She hasn't returned to the office since. She was terminated by Mayfair Title.
Mayfair Title receives its money from a third-party organization. The financial director would enter inflated rates in the ledger and draw from the difference with the checks, according to the report.
Police are looking for the financial director.
Your link to the biggest stories in the suburbs delivered Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
- Children's theater presents free performance of "The Frog Prince" tomorrow night
- Future Wauwatosa high school graduates face new math requirements
- Wauwatosa's Night Out celebrates 20th anniversary Aug. 5
- Wauwatosa responds to concerns about radiation from water meters
- State Fair highlights Wauwatosa businesses, crafts
- Ask Now: Do police officers still give out baseball cards?
- Wauwatosa's Hawaiian specialty store crowdfunds commercial kitchen
- Wisconsin's only texting-while-driving simulator, demonstrated in Wauwatosa, sobers distracted drivers
- Wauwatosa Police Report: July 31
- Biz Buzz: July 31