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Theft and Embezzlement |
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| news >> press | Posted on Feb 25 2009 |
Employee fraud and embezzlement have the greatest impact on the partners of law practices, especially smaller firms. Beyond the loss of funds often requiring partners to contribute personally to make client accounts whole, thefts involving client funds often result in the firm answering to the Statewide Grievance Committee.
The number of embezzlements within Connecticut law firms in just the last two years has been staggering, as has been the amount of funds involved. Taking into account the current declining state of the economy, it is safe to say there are employees stealing (or should I say “borrowing”) as I write this article. The questions are how do you identify who is stealing, how long they have been stealing, how much they have taken, and whether client related funds or the firm’s IOLTA accounts are involved in the scheme. Read the article [PDF opens in new window]
