Former Madison daycare director sentenced to 2.5 years in prison for wire fraud
MADISON, Wis. — A former Madison daycare director who pleaded guilty to defrauding her employer was sentenced to two and a half years in federal prison Monday.
Nichole Genz, 41, of Evansville was also ordered to pay over $216,000 in restitution. Genz worked as the executive director of Learning Gardens, a Madison daycare center, from September 3, 2013, to October 2, 2018, when she was fired.
RELATED: Evansville woman charged with fraud scheme
Madison police said that Genz and a now-deceased accounting manager from Learning Gardens’ parent company, Park Towne Development Corporation, worked together to embezzle money. Genz and the manager allegedly diverted tuition checks into a petty cash account, cashed altered checks by diverting them to a petty cash account, created false bank statements to hide the check diversions, and used company credit and debit cards for personal expenses
During a seven-hour sentencing hearing, Judge James D. Peterson said that, while the accounting manager was the primary embezzler, Genz was aware of the crime and helped cover it up.
COPYRIGHT 2022 BY CHANNEL 3000. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.
