The Wyoming Star-Trbune reported the arrest of chief financial officer of the nonprofit Shepherd of the Valley nursing home for stealing nearly $52,000 from it by larceny and obtaining property by false pretenses, according to court records. Perry Vandeventer was charged with two felony counts after a half-year investigation beginning in January, according to the affidavit by Chris Williams of the Casper Police Department.
The discovery of the alleged crimes occurred in January during a financial crisis that threatened to close the state’s largest nursing home in Paradise Valley. Shepherd of the Valley CEO Jill Hult and the nursing home’s accountant submitted reports to the police about numerous financial discrepancies found during an audit, Williams wrote. Through subsequent interviews and inspections of Vandeventer’s personal finances, Williams found Vandeventer allegedly obtained fraudulent expense reimbursements totaling $23,719.66.
From March 2008 through Jan. 15, 2011, Vandeventer submitted bogus receipts for contractors who never did any work, obtained cash advances for travel including trips he didn’t take, and obtained money for books, education expenses and dues for purposes unrelated to the nursing home’s business, according to the charging document and Williams’ affidavit.
Vandeventer also set up a system for company credit cards that required cash in their accounts before using them, Williams wrote. From July 2008 to Jan. 15, 2009, he used two of the nursing home’s credit cards to buy a computer, books, personal cell phone purchases, meals in Denver restaurants, vehicle repair, and fuel, according to the charging document and Williams’ affidavit.
Vandeventer’s credit card entries included a payment to the Internal Revenue Service and to pay a personal speeding ticket at Casper Municipal Court. He sometimes would seek reimbursements for items he charged on the credit cards. These personal credit card charges amounted to $28,080.05, Williams wrote.
The $52,000 allegedly taken by Vandeventer coincided with six- and seven-figure deficits revealed in the nonprofit facilities IRS Forms 990 from 2006 to 2009 as well as IRS tax liens — a claim on a property to pay a debt — totaling nearly $775,000 filed in August 2010.
Shepherd of the Valley was owned by Luthercare Inc. with a board of directors from local congregations of the Evangelical Lutheran Church of America. The for-profit Minnesota-based Mission Healthcare bought the nursing home’s assets for about $6.5 million plus $2.25 million to $3 million for its estimated debt.