WHEATLAND – Criminal information documents were filed in the Platte County Circuit Court regarding the intent to steal or deprive the owner of money or property.
Allegedly, Tammy Kay Erickson, Collections Manager for C.H. Brown, admitted to diverting funds from C.H. Brown and Platte Valley Bank for her own use.
Erickson was employed with C.H. Brown from October 2003 to April 2018. On May 11, 2018, a cashier’s check had been issued to pay for a customer’s 2015 taxes and the check was returned. A bank employee was researching company policy if a three-year-old check could be applied to a loan. During this research, it was discovered that the original check was cancelled and re-written in the same amount to another company called, Specialized Solutions, LLC. When bank authorities researched the LLC company, Erickson was listed as the registered agent and manager of Specialized Solutions, LLC.
If you are not familiar with LLC’s, here is a quick breakdown. A limited liability company (LLC) is the US-specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. The role of a registered agent is a person or business who receives and sends legal documents on your LLC’s behalf. A manager of a LLC is an individual who holds ownership in the company. In the State of Wyoming, one person can hold both titles of registered agent and manager of a LLC.
A corporate internal auditor conducted an investigation of C.H. Brown (a subsidiary of Platte Valley Bank) and Platte Valley Bank’s checking account, wire transfer account and their account held at Wells Fargo Bank.
The review of C.H. Brown Incoming Wire Transfer Clearing Account identified eighteen (18) payments to Specialized Solutions, LLC from 2009 to 2018, totaling $17,960.70. A review of C.H.Brown’s Wells Fargo account indicated $84,271.00 was unaccounted for from 2009 to 2018.
A review of Automated Clearing House (ACH) transactions between May 8, 2009 and Sept. 22, 2013, Specialized Solutions, LLC appeared on one hundred three (103) ACH reports. It was determined that $124,163.28 was diverted to Specialized Solutions , LLC via ACH transactions.
Additionally, Erickson had fifty-five transactions from C.H.Brown’s Wells Fargo account from March of 2012 to November of 2017, totaling $83,151.00 for personal gain.
On Sept.18, 2018, Special Agents verified the Wyoming Secretary of State’s Office Limited Liability, and Articles of Organization, Registered Agent and Manager are indeed the same Tammy Erickson as the accused.
On May 22, Special Agents interviewed Erickson in her Westminster, Colo. home where she admitted to diverting funds from C.H. Brown and Platte Valley Bank for her own personal use.
Between May 2009 to June 2013, total amount of theft was $121.897.35. Between July 2013 and February 2018, total amount of theft was $103,332.75. In total, Erickson committed theft of $225,230.98 .
On Aug. 9, Criminal Information documents were filed by Platte County Prosecuting Attorney, Douglas W. Weaver charging Erickson with Count I Larceny, and Count II Theft. Erickson’s next court hearing is on Wednesday Aug. 28 at 10:30 a.m.