Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
The volume in this San Antonio hair salon business much have been tremendous for the owners to have not notice the alleged embezzlement of over One Million Dollars. It seems incomprehensible how a scheme this large could have occurred and for so long. The only explanation I can find without access to more of the case details is that this …
Reading the morning Google News articles on embezzlement, I was truly flabbergasted when I saw this story. In my experience it has been difficult if not impossible to have a convicted embezzler see the inside of a jail cell. If sentencing has included any jail time at all, it was common for the term to be very minimal, and frequently …
How can a well-known board game, such as “Monopoly”, help prevent fraud and embezzlement? Per the instructions: “The Banker. Choose a player to be the Banker who will look after the Bank and take charge of auctions. It is important that the banker keeps his (or her) personal funds and properties separate from the Bank’s.” Great instructions. Also, great lessons …
Embezzlements occur throughout the year, and Christmas season is no exception. In fact, in my experience the rate of theft and embezzlement is greater in the November and December time period, commonly with the illicit proceeds used to fund holiday shopping for family and friends. Many of these thefts may not be discovered until the Spring, or even later. In …
Just when I thought I had seen close to everything, and the worse in people… I recently finished an embezzlement case, and since the individual who handled all the financial aspects of this company for the retirement-aged owners was terminated for stealing, the owners turned to a well-known temporary agency to solicit help running their business. Today I received the …