Hiltz & Associates Blog
Fraud, Embezzlement and Risk in the Dental Office
Updated: Apr 4, 2017 – 4:48 PM
COLLIERVILLE, TN – Tina C. Day, a longtime bookkeeper for a Collierville dentist, was indicted Tuesday on felony theft charges.
An investigation showed that the 44-year-old had systematically stolen thousands of dollars in payments from patients.
Day was indicted for theft of property over $60,000 in an alleged scheme between August of 2006 and April of 2010.
She is free on $30,000 bond according to Shelby County District Attorney General Amy Weirich.
The investigation showed that the bookkeeper would offer 10% discounts if patients paid their bills in cash, but that she would then record the payments as credit card transactions.
An audit showed that Day collected more than $77,000 from 93 cash payments from 2006 to 2010.
There was no record of the money being deposited into the Dr. Stephen Thompson’s business account.
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“A common scheme which works well with larger payment amounts and if there is an ATM next door to the practice. Patients “willingly” will walk to the ATM and withdraw cash to save 10% on a big bill.
Is there at ATM next to your practice?”
William (Bill) Hiltz BSc MBA CET