Holy Moley — South Carolina embezzles $1.9 million from Irmo medical office

Editor’s note — as you may know, we normally confine ourselves to investigating dental office embezzlement.  However, we do provide reporting on significant embezzlements in medical offices because the methodologies employed have considerable commonality. chandra-padgettA Batesburg woman who admitted to stealing almost $2 million from an Irmo doctor’s office where she worked has been sentenced to seven years and three months in prison.

Chandra Padgett, 46, an office manager and bookkeeper for Advanced pain Therapies (APT) in Irmo, was sentenced for her conviction on charges of wire fraud and tax evasion, according to the U.S. District Attorney Bill Nettles.

Prosecutors said Padgett set up a shell company named PSS (Padgett Specialty Scrapbooking Services), which was shared with APT’s primary vendor and allowed her to send APT bogus invoices for payment.

Padgett created checks made payable to her company and deposited them into an account for which she had primary control between June 2008 and December 2010, according to Nettles. Padgett also made payments to her personal credit cards using APT funds and wrote unauthorized checks to family members for personal expenses.

Nettles said Padgett also used her position as bookkeeper and office manager to increase her own salary without her employer’s authorization or knowledge.

According to a forensic accounting performed by APT, Padgett stole approximately $1,941,455.96 from APT, Nettles said.

“Facts presented during the sentencing hearing indicated that Padgett used the stolen money to finance an extravagant wedding and a lifestyle filled with expensive vacations, gifts and even an expensive New York apartment,” Nettles said.

Padgett has been ordered to pay restitution to her employer and the Internal Revenue Service (IRS), according to Nettles.


Do you have questions about embezzlement?  Give Prosperident a call at 888-398-2327 or send an email to requests@dentalembezzlement.com

Content retrieved from: http://www.thestate.com/news/local/crime/article13889558.html