embezzlement

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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Financial Crime – On An Upswing?

Lately we have been inundated with calls for new matters involving thefts and other financial matters.  Just having finished writing up another embezzlement investigation, there remains one for me to document and two in progress waiting on the last pieces of information.   Two more are waiting to be started.  We just completed 8 to 9 cases of theft or embezzlement, …

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Criminal Records: Changes in Hiring For Connecticut

As reported in the Journal Inquirer June 28, 2010, Connecticut joins the growing list of states and cities adopting what is termed the “ban the box” movement within the hiring process. The box the article is referring to is on the job application completed by each candidate.  The question asks if the candidate has ever been convicted of a crime. …

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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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