Lakewood Wal-Mart Employee Allegedly Steals $56,000 From Store

LAKEWOOD – An employee at the Lakewood Wal-Mart was charged Tuesday after reportedly cashing bad checks into the store’s bank deposit and walking away with more than $50,000 cash.

According to the Lakewood-Busti Police Department, Cheryl D. Vaninetti, 57, of Randolph, worked at the Wal-Mart, located at 350 E. Fairmount Ave., from 2010-11.

During this time, she allegedly wrote numerous checks from two different bank accounts, placed them into the store’s bank deposit and removed cash for the check value.

Once the checks were deposited, they were returned for insufficient funds. Wal-Mart was then billed for the cost of the checks and surcharges.

A warrant was filed for Vaninetti after Wal-Mart conducted an internal audit and discovered the loss of funds.

She was charged with second-degree felony grand larceny and will appear in Busti Court at a later date.

Jarrett Reed, Lakewood-Busti Police investigator, said Vaninetti is one of three Lakewood Wal-Mart employees who were charged with robbing money from the store by depositing bad checks.

“They were all high-ranking employees that must have known that they could get away with it because (their method) bypasses all of Wal-Mart’s electronic (financial) security system,” Reed said. “The total sum was close to $100,000 among the three of them.”

Vaninetti reportedly stole the most of the three, totaling $56,060.