News

McD's manager pleads guilty to embezzling from ATM

March 8, 2004

MINNEAPOLIS, Minn. - A Bloomington man pleaded guilty on March 8 to embezzling more than $200,000 from an ATM at the McDonald's restaurant he managed in his hometown.

According to an Associated Press report, Matthew James Olivero, 30, pleaded guilty to four counts of theft by swindle. He was scheduled to be sentenced April 20 by District Judge Beryl Nord.

According to a criminal complaint, Olivero was the only person at the restaurant who had a key and combination for the ATM.

The McDonald's accounting office discovered the thefts by comparing the petty cash funds designated for the ATM with the actual record of ATM withdrawals. The shortage was about $200,000 from the time the ATM was installed in November 1999 to the discovery of the thefts in July 2002.

During the time of the alleged thefts, Olivero bought expensive jewelry, a timeshare condominium in Florida and paid private school tuition for his children, according to the AP.