AG: Methuen woman 'exploited position of trust,' stole from Lawrence nursing home - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
January 7, 2020 Newswires
Share
Share
Post
Email

AG: Methuen woman 'exploited position of trust,' stole from Lawrence nursing home

Eagle-Tribune (North Andover, MA)

Jan. 7--SALEM, Mass. -- -- Among the criminal allegations against Sherry Verdick, a Methuen woman accused of stealing from the Berkeley Retirement Home and Nursing Center in Lawrence, is that she wrote 394 checks totaling $412,000 out to herself, a prosecutor said.

Verdick, 43, was released on personal recognizance with a series of conditions after her arraignment Tuesday in Salem Superior Court on multiple larceny charges involving the Berkeley facility.

The former business manager at the home, Verdick is accused of stealing more than $530,000, said Assistant Attorney General Gretchen Brodigan in court.

The case is being prosecuted in Superior Court by Attorney General Maura's Healey's office.

Brodigan said Verdick "exploited a position of trust" while working at the Berkeley home.

In addition to writing 394 checks out to herself, Verdick also forged her signature on another eight check and used a corporate credit card to illegally purchase $19,000 in items for herself, Brodigan said.

Verdick also arranged for $10,500 in health care costs she should have paid for herself to be paid out of a Berkeley account, Brodigan said during the arraignment.

No bail was set during the arraignment and Brodigan noted Verdick was indicted on charges and then appeared in court Tuesday after receiving a summons.

Conditions of her release include staying away from the Berkeley facility, its residents and employees.

Verdick was arraigned on five counts of larceny of property valued over $1,200 by a single scheme, larceny over $1,200, larceny over $250 by a single scheme, two counts of making false entries in corporate books with intent to defraud, three counts of forgery, three counts of uttering and obtaining a signature under false pretenses, according to court papers.

"Staff at the Berkeley Retirement Home fully complied and provided extremely valuable assistance to the investigation," Healey noted in a previous statement regarding the case.

From January 2016 through September 2018, Verdick, while working as the business manager at Berkeley, "operated a sophisticated scheme to steal money from several accounts operated by the facility," according to Healey's statement.

Prosecutors say she wrote several hundred checks to herself from various accounts affiliated with the retirement center, forged various signatures of other Berkeley employees to steal money from Berkeley accounts, improperly used a corporate credit card for personal purchases, and altered the company's payroll system to reduce her health insurance contribution to zero, according to Healey.

Verdick is also accused of stealing money "from the estate of a deceased resident by misleading another employee into signing a check which Verdick then deposited into a Berkeley account for which she was a signatory," according to Healey's statement.

This is a developing story. A full report will appear online and in print editions of The Eagle-Tribune.

Follow staff reporter Jill Harmacinski on Twitter @EagleTribJill.

___

(c)2020 The Eagle-Tribune (North Andover, Mass.)

Visit The Eagle-Tribune (North Andover, Mass.) at www.eagletribune.com

Distributed by Tribune Content Agency, LLC.

Older

Montgomery Mayor Reed's transition teams want to hear from you

Newer

Red Stone Equity Concludes Most Productive Year in Its History and Appoints Ryan Sfreddo as President

Advisor News

  • Succession planning: Building the future of your practice
  • From loss to security: Supporting widowed clients with life insurance
  • Plan now for lower Social Security benefits later
  • The conversation almost no advisor is having yet
  • Why advisors should offer retirement-longevity planning
More Advisor News

Annuity News

  • Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
  • Industry pushes back on linking ‘financial strength’ to annuity illustrations
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity News

Health/Employee Benefits News

  • Report: 45,000 Wisconsinites dropped ACA health insurance after federal subsidies ended
  • Task force keeps Wyoming-run catastrophic health insurance talks alive
  • AmeriHealth Caritas Makes Strategic Investment in Deon Health
  • Report: 45,000 Wisconsinites dropped ACA health insurance after federal subsidies ended
  • 5 QUESTIONS AND ANSWERS ABOUT MEDICAID AND PROVIDER TAXES
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • An Application for the Trademark “LIVE TODAY, SECURE TOMORROW.” Has Been Filed by Security Mutual Life Insurance Company of New York: Security Mutual Life Insurance Company of New York
  • Modern Woodmen board selects Shea Doyle as next president and CEO
  • New Influenza Study Results from University of Auckland Described (Risk Management In Deadly Times: the Us Life Insurance Industry In the 1918-9 Influenza Pandemic): Influenza
  • AM Best Assigns Credit Ratings to InEvo Re Ltd.
  • Life Insurance Awareness Month: Time to Reassess Your Coverage
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet