February 16, 2018

Corporate Librarian Indicted Over $800K in Phony Billing

By LJ Staff

A corporate librarian formerly working in the Boston office of Bain & Co. has been indicted on charges that she cheated the global management consulting firm out of $800,000 over the course of six years. Jodie Walsh is alleged to have billed Bain for phony research reports, eventually setting up a post office box where the company sent checks to a fake publisher. She faces three counts of larceny, one count of attempted larceny, making false entries in corporate statements, and multiple counts of "uttering a forged discharge for money," according to a statement released by the state attorney general’s office.

Walsh was hired by Bain in 1995 as a research librarian who, as part of her duties, ordered publications for use by Bain employees. Beginning in 1997, it is alleged that she created phony invoices for research reports and, claiming that she paid for them using her own money, requested reimbursement. She resigned in November, 2003, for reasons unrelated to the embezzlement charges. Bain officials conducted an internal investigation and referred the case to the state attorney general’s office in May of this year.