Practicing without a license

We recently had a situation at work where a scrub tech led staff to believe she had just graduated with her BSN. She was to be hired as a graduate nurse. She was still under the job title of ST, but had oriented a few days as a circulator. When pressed for her credentials, the truth came out that she had lied about the whole thing for over 3 years. She was in nursing school, but was only half way done. However, management has told us that they are not reporting this to the board of nursing since, after reviewing charts, she did not do anything that is a strictly RN role. She had inserted foleys, prepped, and counted. According to management, the only thing that only an RN can do in surgery is medication management. Since she did not sign the med sheet, she did not practice without a license. Does anyone else agree that this doesn't seem right? By that logic, the only role of the RN in the OR is med management. I kind of feel like my hard work to get my BSN was not worth it since a tech with half the training can do virtually everything I can in the OR. A floor RN has many more responsibilities than a tech, but not so in the OR.