More Employee Fraud

 

It happens all of the time, unfortunately. Frankly - despite how good it is for what I do - I would much rather consult on the front end on how to stop it rather than investigate loss on the back end. Here's a couple more stories that came out recently.

A Kentucky woman stole more than $400,000 from her employer.

A North Carolina woman embezzled $500,000 from her employer.

The first story is about an office manager who used her position to schedule herself electronic payments and used the company's general manager's signature stamp to issue herself checks.

The second story is about the bookkeeper for a funeral service who (surprise, surprise!) to make electronic transfers and write checks to herself.

Sound Familiar?

It should. We've written a number of articles about employee fraud/embezzlement, such as this one, this one, and this one about how to reduce it.

Takeaways

Be vigilant. If something seems off, check it out! And, as always, we're here to help - both on the front end (policy/procedure setting) and investigating issues on the back end.

 

This is a cross-post with LinkedIn.