employee fraud

In the news…

An article appeared today written by David Katz of CFO Magazine that features an interview he had with me regarding the state of the union on employee embezzlements. Complacency seems to have settled in within some organizations who had well designed and operational internal controls, but over time lost compliance and oversight, leading the the creation of opportunities for individuals …

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An Appropriate Sentence Long Over Due For Financial Crimes

Spending months of time, energy and funds investigating an employee theft and embezzlement, only to have the individual responsible receive a non-jail sentence, can be very frustrating to the victim of the crime.  Often the decision to pursue criminal charges is based in part on the likelihood of whether the police will investigate it, the prosecutor will prosecute it, and …

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Can You Prevent Employee Embezzlements?

The answer is yes, most employee embezzlement schemes can be prevented. There are practical measures any employer of any size can implement to prevent employee thefts and embezzlement. However, due to the very nature of fraud, creative employees working within an environment constructed with ineffective or non-existent internal controls, or worse, complacent supervisors and owners who simply do not perform the …

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Jean Chatzky's Blog: Ask Jean Tuesday: Free Yourself from Fraud

I was honored and humbled when I received an email out of the blue yesterday requesting assistance on a fraud related matter. I have received many requests from all sorts of sources over the years, many from individuals or organizations who have fallen victim to some type of fraud or financial crime.  Still more inquiries come from individuals suffering through …

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Great Article – Theft of Receipts Schemes Thriving

This article appearing February 21, 2010 illustrates two key points I highlight in my writing and speaking. First – theft of cash receipts schemes continues to be the method of choice, stealing payments intended to employers and diverting them for personal use. Second – sharing information during an investigation often leads to additional discoveries and information. This individual was accused of stealing …

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