School administrator accused of funds misuse, payroll fraud
A lawsuit recently filed in U.S. Bankruptcy Court accuses a former administrator of a nonprofit school in Santa Monica, California of misusing as much as $1 million of school funds. Susan Packer Davis is charged with using the funds for personal expenses, overcompensating herself and putting family members on the school's payroll, according to The Los Angeles Times. As a result, Concord International High School filed for bankruptcy in November 2010.
According to the civil suit, Packer Davis charged more than $380,000 to the school's credit card and declared expenditures of more than $700,000 for conferences, conventions and meetings over a period of three years, of which no record can be found. Additionally, she paid herself $308,000 in 2009 and awarded a combined total of almost $100,000 to her husband and son, although the services they provided to the school are unclear.
"Ms. Packer Davis ran the school without any oversight and treated it like it was her personal bank account," said Howard S. Levine of Cypress LLP, which filed the suit on behalf of the school.
Concord High was founded by Davis' mother in 1973, and was known for sending students to Ivy League colleges, according to KTLA.
According to the civil suit, Packer Davis charged more than $380,000 to the school's credit card and declared expenditures of more than $700,000 for conferences, conventions and meetings over a period of three years, of which no record can be found. Additionally, she paid herself $308,000 in 2009 and awarded a combined total of almost $100,000 to her husband and son, although the services they provided to the school are unclear.
"Ms. Packer Davis ran the school without any oversight and treated it like it was her personal bank account," said Howard S. Levine of Cypress LLP, which filed the suit on behalf of the school.
Concord High was founded by Davis' mother in 1973, and was known for sending students to Ivy League colleges, according to KTLA.
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