Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
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 …
After speaking at a recent session following a presentation of gambling as an addiction, I started paying closer attention to this issue. In Connecticut we have two casinos that opened about ten years ago. While embezzlement to support a gambling problem has come up in my cases, it hasn’t been as prevalent as one would think with two casinos in …
In the movie “Men In Black” (MIB) staring Tommy Lee Jones, Will Smith and Vincent D’Onofrio, there is a scene where they visit a newsstand to collect the recent tabloids. Kay (Jones) tells Smith that the tabloids are what they use to keep track of the aliens living on the planet. He makes a reference to Elvis, and tells him …
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 …
There was a marketing campaign in Connecticut aimed towards preventing drinking and driving. It went along the lines of “Thinking about drinking and driving? Consider the Chaser.” The ad ended with images of police and police cars stopping a drunk driver. I thought the ad was a well-executed play on words. “Consider the Chaser” related to a drink following a …