A former partial owner of Milwaukee's Learning Through Technology Childcare Academy has been indicted for embezzling thousands of dollars from the daycare, according to court documents.
In October of 2014, the documents say, Omar J. Jackson signed an agreement after a dispute with the main owner, that called for financial transparency and honesty with the main owner. Jackson, however, did not comply with the terms.
On June 22, 2016, Jackson opened an account at Wells Fargo in the daycare's name without the permission or knowledge of the majority owner. Jackson claimed to own 100 percent of LTTCA on the application, using his home address for the mailing address.
Later that year, Jackson submitted paperwork for part of LTTCA's federal funds to be deposited into the account at Wells Fargo. These funds were Wisconsin's Child and Adult Care Food Program (CACFP) and the Wisconsin Shares Childcare Subsidy (SHARES) program. $547,000 of CACFP and SHARES funds were deposited into the account from October 2016 through May 2017.
Jackson reportedly spent large amounts of this money for personal use such as $17,000 in tickets to WrestleMania, a Packers playoff game in 2017, and NBA games. He also used the money for golf trips, family vacations, car payments, and more. Jackson also made cash withdrawals of almost $30,000. Additionally, Jackson deposited $40,000 that was made out to LTTC into a personal checking account.
Jackson was caught when he initiated a transfer of $275,000 from the account into a personal account between May 6 and May 9, 2017.
On May 10, 2017, Jackson was interviewed by authorities and denied using the money for personal use. Later he admitted to opening the account without the knowledge of the main owner and using the money for personal use.
Jackson faces a 10 year prison sentence, a fine of $250,000, and 3 years supervised release.
Jackson consensually signed a plea agreement for the charges.
