White Magic Truckmount Manufacture ROCKED by embezzlement | TruckMount Forums #1 Carpet Cleaning Forums

White Magic Truckmount Manufacture ROCKED by embezzlement

rob allen

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White Magic truckmounts has been embezzled out of 450,000.00 says reports Angeljean Chiaramida of The Daily News of Newburyport, Mass.
How ironic, the company that spurred me to start Truckmountforums when they sold me a first run machine that they we're unable to repair, that they would not replace. I ended up spending almost 20k on top of the 25k I spent for the machine to get it right. Though I wish nothing bad on anyone it is surely true, what you put out comes back to you. Talk about poetic justice.





http://www.allbusiness.com/legal/legal-services-litigation/13173213-1.html

Oct. 9--SALISBURY -- A Salisbury woman is facing charges in federal court that she used her position as CFO of a local company to embezzle more than $450,000 from her Salisbury employer.

Victoria A. Jordan, 32, faces 15 counts of wire fraud. Federal authorities say Jordan scammed the money from White Magic, a company that provides carpet cleaning chemicals and equipment to cleaning firms.
Acting United States Attorney Michael K. Loucks and Steven D. Ricciardi, special agent in charge of the U.S. Secret Service, allege that during a nearly four-year period, Jordan, an accountant and chief financial officer of the company, defrauded her employer by inflating her $52,000 salary and other compensations, placing her husband, who wasn't an employee, on the company's payroll; cashing checks drawn on company accounts; making unauthorized purchases of personal items with company credit cards; and using company funds without permission to pay for a life insurance policy, personal cell phones, individual retirement account deposits and fraudulent mileage reimbursements.

If convicted in federal court, Jordan faces up to 20 years in jail and $250,000 for each count.

Salisbury police Chief David L'Esperance said owners of the company approached him last year with serious concerns about Jordan, whom they considered to be a "trusted employee."

Because the money was allegedly sent over state lines, federal authorities were brought in to work with Salisbury Detective Mark Thomas.

"White Magic is a well-known local business whose owners have worked hard to build it up," L'Esperance said. "It's a shame."

According to federal court documents filed in U.S. District Court in Boston yesterday, Jordan worked for White Magic from 1999 to November 2008. During her tenure, she managed all the company's finances, including payroll, and received a salary of $52,000 for her last five years of employment there, with no annual raises.

Investigated by the United States Secret Service, federal officials charge she embezzled money from January 2004 to November 2008. Through the payroll system, they charge she secretly inflated her salary through unauthorized increases in her base salary, overtime, vacation pay and other compensation.

For example, federal authorities allege Jordan paid herself, $83,850 in 2004, $97,194, in 2005, $126,000 in 2006, $151,941 in 2007, and in the first 10 months of 2008, took home $207,000.

She placed her husband on the payroll and collected another $38,000. Her husband has not been charged.

Federal wire fraud charges came into play, according to court documents, because Jordan obtained her salary through Automated Clearing House transactions that involved the use of interstate wire communications, funneled through a Minnesota office.

Almost $38,000 in fraudulent payroll payments to her husband involved the same fraudulent wire transactions, according to court documents.

If convicted, court documents indicate federal authorities want Jordan to give back any and all money and property taken from White Magic.
 
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Well no wonder there was not enough money to pay out to some carpet cleaners when the TMs they sold were found to be defective, Rob.;)
 

J Parks

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White Magic sucks. They have the worst service in the world. My local distributor says many times when they order parts they send the wrong ones. So many people have problems with their truckmounts from them. I knew they we're up for sale. Are they still? Who would want to buy that company now?

Watch out Greenie Direct and Blue Baron. Poor service=Karma is a bit**. :mad:
 

Rafa-L

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Friends, family members and anyone that works for you......always keep a third eye on your goods and services.
 

owenscott

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and received a salary of $52,000 for her last five years of employment there, with no annual raises.
Well she made her own raises ...... didn't she ... she was making decent money and i'm not saying stealing was right thing to do ... i'm betting she justified the stealing by being "under appreciated" .. not getting raises is prolly just the tip of the iceberg (in her own mind).

As a former cop i will tell you that you have a better chance of beating your wife in front of witnesses and getting away with it than stealing money out of a company by cooking the books. It just aint smart.
 
T

TheEyeball

I can't believe people still think they can get away with stuff like this. You will get caught every time in the long run.
 

Frank DiGi

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:confused: How does a company that big let that go on for that long without catching on... That is a lot of money to over look... Green Magic
 

TechnicRay

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Our 4 trucks are all white magic. We've never had a problem with them. It must be that we have a really good interlink here though.
 

Art Kelley

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Our 4 trucks are all white magic. We've never had a problem with them. It must be that we have a really good interlink here though.
True that. They have always made the best direct drive unit although Butler has always been more popular. They are more powerful and more reliable than Butlers or Hydramaster or Cleanco.
Their problems always occured with their forays into the slide-in business, They should just concentrate on the DD as Butler does. I think it just graphically illustrates the answer to the question, "which is better a direct drive or a slide in?"
 

Nittygrittydanny

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She just did what republican ,wall streeters did. The only problem is that White Magic was not to big to fail and was not favored by the Bushies.

ya might wanna read up on how corrupt the Democratic leadership was with Fannie and Freddie Mac (not a brother sister carpet cleaning firm).

if health care and Cap and Trade pass, they'll be prison raping you along with the rest of working americans.

i heard my congressman on the radio this morning spinning the health care bill.
 

shane deubell

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republicans/wall streeters

You might want to put on your reading glasses and go back look at who signed what bills and who accepted money from who.

The difference between political parties is like discussing the difference between lice and fleas.Not really worth the time
 

Nick N

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Well, I will tell ya go back and look . all this stuff started under reagan dergulation, let everyone watch themselves ,no one will rip you off. As for fannie and freddie that was a small part of the pie. It was BUsh letting the banks create money that did not exist. since FDR the banks could loan up to 5 times there deposits. In 2002 Bush sigend into law and the republican congress. that banks cold loan up to 50 times there deposits.

MOre of this stuff has happened under the republicans watch. Lower taxes borrow the money from overseas. Because of reagan and the republican Ideaolgy of less taxes borrow borrow borrow we gave it all to the the asians and indians overseas . The United States is destined to become pooorer than Mexico. IN our lIfe time.


Becuase of Bush the world is strating to go off the DOLLAR standard. Look at history and you willsee this happened to other world powers when they started wars and had to borrrow money.
 

JStafford

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Well, I will tell ya go back and look . all this stuff started under reagan dergulation, let everyone watch themselves ,no one will rip you off.

Actually it was enacted by Carter and later ammended by Clinton

As for fannie and freddie that was a small part of the pie.
Closing in on 200 BILLION!!!!


It was BUsh letting the banks create money that did not exist. since FDR the banks could loan up to 5 times there deposits. In 2002 Bush sigend into law and the republican congress. that banks cold loan up to 50 times there deposits.
Banks can't "create money" only Gubmint. Regardless of party affiliation, the banks choose to operate how they see fit. The banks chose to lend to "less than qualified" applicants, how is that any one party's fault? As far as Fannie and Freddie and their bad business practices are concerned...Bawney Frank, Chris Dodd and Obama. Numbers 1,2 and 3 on the most money given to a politician by these companies.


MOre of this stuff has happened under the republicans watch. Lower taxes borrow the money from overseas. Because of reagan and the republican Ideaolgy of less taxes borrow borrow borrow we gave it all to the the asians and indians overseas . The United States is destined to become pooorer than Mexico. IN our lIfe time.
FTR, Bush warned of the impending economic disaster in 2002. That warning fell on deaf ears. Too many "higher ups" (see above) were getting a lot of money to say "They are fine".


Both parties have more than enough blame on the policies that have had detrimental effects on our economy. And both parties should be blamed equally. Not wanting to turn this political, but I get tired of the blame game that gets used too often. Everyone needs to quit watching the media and do some real research to come to their respective conclusions regarding issues.


BTW Nick...how's it going?:-D
 

owenscott

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Because of Bush the world is starting to go off the DOLLAR standard.
You know Bush is out of office right .. the current administration is the reason there is talk of going off the dollar standard. The current admins extreme over spending ... and still trying to do more spending.

Not that i'm saying either party in DC is worth a shIP right now. They ALL NEED TO GO.
 

rob allen

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I had 3 White Magic's and have been very happy....but I do like the older 1600 and 1800 better than the Commander we have...just about bullet proof (older models)
White Magic DD's are decent, it is the slide-ins that bombed imho and experience. :rolleyes:
 

Nick N

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it started under BUsh and reagan. Joe go look reagan really pushed , clinton signed a pice of legislation on his last day. Joe could you give us the numbers on what the national debt was when reagan took office? then for each president there after?