Main Street, Lawrenceburg, Inc. Director April Judkins misappropriated $12,488.72 from the MSL and the JDV

Main Street, Lawrenceburg, Inc. Director April Judkins misappropriated $12,488.72 from the MSL and the JDV from November 12, 2015, through December 28, 2018. Judkins misappropriated these funds by issuing herself unauthorized paychecks, unauthorized reimbursements for cell phone bills, extra expense reimbursements, withdrawing cash for personal use, and issuing herself an unauthorized bonus as noted below. A. Judkins issued herself unauthorized paychecks totaling $9,016 from 2015 through 2018. Judkins’ weekly payroll was increased to $451.40 in 2014 and remained the same throughout her tenure at MSL (Refer to Exhibit 1); however, Judkins occasionally issued herself more than one weekly paycheck. These unauthorized paychecks were more than Judkins’ approved MSL salary.

E. Judkins paid herself an unauthorized $1,500 bonus from the JDV account in November 2018. Initially, there were insufficient funds in the JDV account to cover the check, so she withdrew $2,000 in cash from the MSL account and deposited the funds into the JDV account to cover the bonus check. This effectively concealed the nature, amount, and source of the bonus payment from anyone reviewing MSL’s bank statements.

A. Judkins made nine transfers from JDV to MSL totaling $11,800 that were then directly used to pay MSL debts. This included three transfers that were used to pay MSL’s payroll tax debts to the IRS in August 2016, August 2017, and July 2018 when MSL had insufficient funds to make the payments. Judkins affirmed to investigators that she made the transfers before making the payments to the IRS because she did not want the IRS to see that JDV was paying MSL’s tax debts. B. Judkins issued MSL payroll checks and reimbursements to herself from the JDV account 25 times totaling $11,376.72.

C. Judkins made at least 14 MSL purchases directly from the JDV account totaling $5,940.35. D. Judkins’ purchases and transfers led to 15 overdraft and extended overdraft fees in the JDV account totaling $562. E. Judkins diverted $14,991.62 of JDV ticket revenue to the MSL account in September 2017. F. Judkins made two transfers totaling $6,000 from MSL to JDV to cover insufficient balances in the JDV account.

One was the $2,000 transfer in November 2018 used to fund Judkins’ $1,500 unauthorized bonus payment that was made from the JDV account. G. Judkins diverted $2,000 of MSL’s funding allotment from the City of Lawrenceburg in June 2017 to JDV to conceal an overdrawn balance of over $500 in the JDV account. H. Judkins transferred $88,000 of a $100,000 state grant reimbursement from MSL to JDV in 2017. She then paid $83,197.24 of those funds to grant recipient business owners to whom the funds were due and left the remaining $4,802.76 in the JDV account. Judkins told investigators that she was running low on MSL checks, and she made the transfer so she could use JDV checks instead


 

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