Newsletter: June 2026
You’ve just stepped into another moment of clarity ☁️
Welcome back to
Financial Insights with Lozelle!
What Had Our Attention This Month:
🍃Oregon finally gave us a stretch of warm evenings, and we took advantage of every one. A walk after dinner while the daylight lasted. A book in the park on a Saturday with no inbox in sight. The kind of quiet hour you forget you miss until you have it again.
After a few evenings outside, we noticed something. Problems that felt stuck at the office seemed easier to sort through once we stepped away. More than once, we came back to a financial review or board report and noticed a detail we had overlooked when we were tired. Sometimes the best way to solve a problem is to stop looking at it for a little while.
June is often a demanding month for nonprofit leaders. Fiscal year-end deadlines, board meetings, grant reporting, and budget planning often compete for the same time and attention. If your June felt like that, consider taking a little of July back. Leave the office a bit earlier one evening. Take a walk. Read something that has nothing to do with finance or nonprofit management.
The work will still be there tomorrow. You may return with a clearer perspective and make better decisions because you gave yourself the space to think.
We’d love to hear what helped you recharge this month.
✨Where Our Energy Went
Stepping away for a little while reminded us that clearer thinking often leads to better decisions. We carried that perspective into our conversations with nonprofit leaders. This month, our attention centered on the financial questions that matter most.
🍃Thoughtful Reads for Your Practice
Signs an Employee Is Embezzling, Hiding Inside Your Best Hire
❝It’s the one condition almost every refund fraud case I work has in common. When she moves the money and records it, the only thing stopping her is whether she decides not to.❞
Patient Payment Policies That Protect Your Practice (Without Losing Patients)
❝Watch the longer pattern across visits, too. One missed payment from a long-time patient is just a conversation. When the late payments and broken plans stack up over a year, you’re seeing how this person operates.❞
🌿Mindful thought of the month
There will always be another report to review, another board meeting to prepare for, or another deadline on the calendar.
Sometimes the next good decision comes after you’ve stepped away long enough to return with a clear mind.
🔍 Forensic Friday
The Facts
According to the U.S. Department of Justice, the fraud continued for approximately four years before it was discovered. The scheme involved unauthorized use of three company credit cards. Prosecutors also proved she accessed the physician’s investment accounts to pay those balances. The unauthorized purchases exceeded $514,000.
According to the evidence presented at trial, those purchases included more than $90,000 in cash advances, preschool tuition, airline tickets, a maid service, luxury clothing, and payments related to luxury vehicles.
The Department of Justice also reported that she claimed the preschool tuition as a dependent care expense on her federal income tax return. A federal jury convicted her of wire fraud, bank fraud, and filing false federal income tax returns.
The Fraud
She could do two jobs that belong to two different people: spend on the cards, and pay them off from the doctor’s investment accounts. The charges ran across cash advances of more than ninety thousand dollars, her son’s pre-school tuition, payments on luxury vehicles, airline tickets, and clothing. To clear the rising balances, she pulled money out of his accounts, including one set aside to buy medical equipment for the practice. That equipment money went to a credit card, and the statements that would have shown the swap sat unopened. Her resignation did not end it. She kept running the cards for moving costs and more cash until the doctor caught it himself and closed the accounts.
The Effect on Finance
🚩 The Control Breakdown: the person spending on the cards was also the person who controlled the accounts that paid them off. With both jobs in one set of hands, no charge had to make sense to anyone else, and money reserved for equipment could move to a credit card without a second person seeing it leave.
What You Should Take From This
The fix does not begin with new software, it begins by separating responsibilities. The employee who uses or manages company credit cards should not also have the authority to transfer money from operating or investment accounts to pay those balances. When those responsibilities belong to different people, each transaction receives an independent review before money leaves the practice.
A second safeguard takes only a few minutes to put in place. Ask your bank or brokerage to send account transfer alerts directly to the physician or practice owner. If money moves from an investment account established to purchase equipment, the owner should know the day it happens, not months or years later when reviewing a statement.
This case was not about one unusual purchase. It revealed how financial activity can continue for years before someone stops to ask why.
📖 Get our latest eBooks!
Running a health and wellness business takes heart, intuition, and grit, but it also takes clarity.
That’s why we created industry-specific e-books for medical spas and aesthetic practices, holistic and medical clinics, day spas and massage therapists, chiropractic and wellness centers, yoga and Pilates studios, mental health counseling and specialized therapy, fitness and gym centers, physical therapy and rehab clinics, and dental practices. Each guide tackles the stuff you’re dealing with. The cash flow stress. The bookkeeping gaps. The operational chaos. The fraud risks that slip into busy, fast-moving wellness businesses.
Choose the e-book that matches your world and the way your business actually runs. Let it meet you exactly where you are, whether you’re scaling, stabilizing, or finally ready to understand your numbers.
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