Half-million dollar embezzlement scheme

February 16, 2009 4:19:31 PM PST
Authorities are calling it one of the biggest embezzlement cases they've ever seen.Police charge 41-year-old Tracey Totten-Davis with embezzling $497,000 from her employer. She was the on-site manager for Hollow Run Apartments, which is located north of West Chester, Pa.

West Whiteland police say, starting in 2001, Totten-Davis began dipping into the till using a computer-based accounting system.

She allegedly diverted as much as $21,000 a month into an account she maintained at a Chester County bank.

"She was taking money from tenants, and manipulating the software accounting system at the Hollow Run Apartments office to divert the money into her own in private checking account," said Sgt. Martin Malloy of the West Whiteland Police.

In 2006, police say Totten-Davis hired a company called "Choice Cleaning" to work at the apartment complex. Her employer became suspicious when the new cleaning service began charging two to three times the rate of the previous vendor.

"They found out Tracey Totten-Davis was, in fact, the owner of Choice Cleaning, and had paid herself $78,000 over a two-year period for cleaning services that may, or may not, have been done," Sgt. Malloy said.

Finally, it's alleged Totten-Davis used a Home Depot business account belonging to her employer to buy both custom cabinets and lighting for her home in Coatesville.

As for how she spent some of the money she allegedly stole: According to court records, some of the money went to gambling. Reportedly, in seven years, Totten-Davis wagered over $376,000 on video machines at Delaware Park.

Inevstigators say she lost about $31,000 in that time.

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