Former Va. college accountant admits stealing $225K from school
Federal authorities said a former accountant for the University of Northern Virginia hatched an unusual plan to steal: he directed payroll to write him checks.
John F. Rickard Jr., 50, of Manassas, pleaded guilty this week to one count of wire fraud in U.S. District Court in Alexandria. Federal officials in Virginia said he stole more than $225,000.
Rickard, who was the business manager and accountant for the university from October 2008 to December 2009, handled the bookkeeping and payroll deposits for employees, officials said. As part of his job, he sent e-mail requests to a payroll processing company calling for checks to be processed for specific employees.
For more than a year, court records said, Rickard requested more than 50 checks in his name. The total exceeded his salary by more than $225,000.
Rickard falsified an audit report to hide the payroll diversions while he worked at the university, according to court records. After he left the university, his replacement discovered the discrepancies while reviewing the books.
Rickard is scheduled to be sentenced Aug. 11.
May 27, 2010; 8:18 AM ET
Categories: Fairfax , Financial Crimes , From the Courthouse , Maria Glod , Schools
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