employee theft

2017 Winter Extravaganza

On January 17, 2017, Steve spoke at the 2017 Winter Extravaganza, an charity event sponsored by the New England Claim Executives Association (NECEA), the Hartford Association of Insurance Professionals, the CT Insurance Marketing Association, and the Hartford Pond of the Honorable Order of the Blue Goose International. Steve addressed the topic of employee theft and embezzlement and how pervasive it …

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Public Signs: The Start Of A Trend For Consequences?

Day after day, people choose to break the law, and there simply are not enough resources available to address the growing frequency of crimes.  Naturally the resources are directed towards the most serious offenses, such as homicides, assaults, sexual assaults and robberies.  Unfortunately, as more and more members of our society put their own needs and life before anything and …

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Is “Trust” a consideration in designing and implementing internal controls?

When I am working on evaluating, designing and implementing internal controls and accounting procedures within client organizations to minimize the risk of employee theft and embezzlement, I am frequently asked why certain measures are needed, given that a certain individual works within a position.  The individual is often described as a long-term, honest, loyal, dedicated and trustworthy employee who would …

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Documents and Images – “Live or Memorex”?

A few years back (maybe dating myself) Memorex ran an ad campaign whereby they proclaimed their recordings were so realistic  it was hard to tell if it was live or recorded.  Funny how successful advertising lines can stick with you for life. As newer technology has become available, more information has shifted into the digital world, including video, audio or …

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Embezzlement versus Larceny: Ice Cream Truck?

Larceny is a legal term for theft or stealing, the taking of another’s property for personal gain with no intent to return the property (permanently deprive rightful owner of their property). Embezzlement is a form of larceny, with some unique characteristics.  Embezzlement involves an individual using (and exploiting) a position of trust and opportunity, committing theft acts over time, with …

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