Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
Stories seem to be appearing more frequently today than ever in the past, perhaps a direct result of the current economic climate, revealing the toll that stress and financial hardship can take on someone’s life.
In one story that appeared recently, a woman facing her daily challenges of several issues, one of which being recently charged with embezzling funds, ended her own life (at age 45), leaving behind her mother and her daughter:
$10.4 million embezzlement, $10,400,000, stolen over a little more than three short years, to support a “significant gambling problem?” First, how much investments could a firm manage or maintain to not miss $10.4 million dollars? I am left wondering how this amount was not missed for over three years, and how controls that I would expect implemented by any investment …
Day after day I receive Google notifications containing news articles relating to embezzlement. On any given day, somewhere between twelve and twenty different notifications are delivered to my in-box, some with only one news article or post, while others contain several different cases. It amazes me just how much theft is occurring, and when you take into consideration only one …
In my never ending search for the latest trends and information on embezzlement and financial crimes, I frequently find myself discovering unexpected fraud related “treasures”. Last night was no exception. I was preparing for an upcoming appearance at an medical conference. The theme – preventing and detecting employee theft and embezzlement. A simple Google News search using key words “embezzlement …
Much has been written about the risks associated with employee embezzlement, especially in light of the current state of the economy, employment and the declined financial climate in general. Yet day after day I receive 10-20 new Google alerts of news stories involving embezzlement around the country. In this latest case capturing headlines due to the victim organization being the …