Wisconsin daycare executive gets jail term for scheme

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(WFRV) – The executive director of a Wisconsin day care center has been sentenced to federal prison and ordered to pay more than $200,000 in restitution for her role in a wire fraud scheme.

Officials say Nichole Genz, 41, was sentenced to 30 months in federal prison for her role in her employer’s scam. Genz pleaded guilty in December 2021.

She pleaded guilty to committing wire fraud from 2013 to 2018 as part of a scheme to defraud her employer. Park Towne Development Corporation (PTD) was his employer. PTD would have had several subsidiary entities, including a daycare center.

Genz worked as the daycare’s executive director from September 2013 to October 2018. Genz and PTD’s accounting manager were accused of participating in a scheme to defraud the company through multiple methods of embezzlement.

The diversion would have included:

  • Diverting daycare tuition checks to a petty cash account
  • Cashing altered checks by diverting them to the petty cash account
  • Created fake bank statements for the petty cash bank statement that hid the misappropriation of checks
  • Misuse of company credit card and debit cards for personal purchases

Genz allegedly submitted expense reports that incorrectly labeled his personal expenses as daycare business expenses.

During the sentencing hearing, the judge said PTD’s accounting manager was the “primary” embezzler in the tuition embezzlement portion of the scheme. However, PTD’s accounting manager died, and the judge said Genz helped cover it up.

The judge also said he did not believe Genz made a sincere and direct effort to accept responsibility. Genz was also ordered to pay $216,561.85 in restitution.

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