Nash County, North Carolina deputies have arrested a Boddie-Noell Enterprises executive in connection with alleged embezzlement from the company. On January 29th Ted Polensky, 48, the Director of Loss Prevention and Safety for Boddie-Noell, was arrested and charged with 15 counts of felony embezzlement. He was jailed in Nash County under a $15,000 secured bond.
According to reports, company representatives allegedly contacted the Nash county sheriff’s department regarding their suspicions of embezzlement from the company in November 2015. The ensuing investigation conducted by the sheriff’s department led to Polensky’s arrest, having been charged with embezzling more than $1000 from the company during a three-month period.
Specific details of the alleged incident, which reportedly involved the abuse of company gift cards, have not yet been made available. In general terms, embezzlement is a type of theft involving a person or persons entrusted to property owned by someone else (such as an employee) who then uses fraudulent means to illegally misappropriate the property or cash entrusted to them. In this type of employee fraud the assets are originally under the control of the person lawfully, but the person then uses the assets for unintended purposes.
Simply stated, embezzlement involves a breach of trust. More often than not, embezzlement is performed in a manner that is premeditated, systematic and/or methodical, with the explicit intent to conceal the activities from other individuals, usually because it is being done without their knowledge or consent.
With twenty five years in retail loss prevention, Polensky has served as the Director of Loss Prevention and Safety for nearly ten years, having joined Boddie-Noell Enterprises in May of 2006. He was also previously a divisional loss prevention manager with Autozone.
Headquartered in Rocky Mount, N.C., Boddie-Noell Enterprises Inc. is a diversified, family owned company that owns and operates restaurants and also develops various real estate projects with resort, residential and commercial developments in North Carolina and Virginia. The company owns the largest franchise of Hardee’s restaurants in the nation, operating 338 restaurant locations in North Carolina, South Carolina, Virginia, and Kentucky. The company employs nearly 10,000 people and is considered one of the nation’s leading privately-owned restaurant companies.
Polensky’s first court appearance took place on Friday, January 29th. According to representatives of Nash County Clerk of Courts Polensky did not enter any pleas to the charges in this preliminary court appearance.