A Malvern man pleaded guilty Wednesday to stealing more than $1 million from a children’s hospital, which authorities say the man used to live a lavish lifestyle.
Roosevelt Hairston Jr., 46, pleaded guilty to mail fraud, money-laundering, and filing a false tax return stemming from his embezzlement of $1.7 million from the Children’s Hospital of Philadelphia, according to a statement released by U.S. Attorney Zane David Memeger.
A sentencing hearing is set for Oct. 13.
Hairston held various senior positions at CHOP. Most recently he was general counsel and executive vice president.
He admitted to using dozens of false invoices he created for shell companies to steal from CHOP between 1999 and 2011.
Memeger said Hairston was able to steal for such an extended period of time “because he occupied a position of trust at the hospital and because he engaged in extensive efforts to conceal and prolong the scheme.”
Authorities said Hairston used the funds he stole from CHOP “to live a lavish lifestyle, purchasing items such as real estate, a yacht with a captain, and high-end automobiles.”
Hairston faces five to seven years in prison, restitution and fines of up to $1 million.
Investigating agencies included the FBI and IRS. The case is being prosecuted by Assistant United States Attorneys Richard J. Zack and Paul Gray.
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