Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
Stories seem to be appearing more frequently today than ever in the past, perhaps a direct result of the current economic climate, revealing the toll that stress and financial hardship can take on someone’s life.
In one story that appeared recently, a woman facing her daily challenges of several issues, one of which being recently charged with embezzling funds, ended her own life (at age 45), leaving behind her mother and her daughter:
NUN Accused of Embezzling $850,000 From College, Then Gambling It Away in Atlantic City “A Catholic nun broke one of the Ten Commandments by embezzling $850,000 from a suburban New York City college and gambling it away in Atlantic City, according to federal prosecutors.” To read the entire story, here’s the link: http://www.foxnews.com/us/2010/12/11/nun-embezzeled-k-college-gambled-away-ac/#ixzz1GFaHx8B6
I use Google alerts with the key word “embezzlement.” Google send me emails throughout the day with links to any News stories that appear regarding embezzlement. I receive anywhere from six to twelve emails, every day, with anywhere from one to five story links within each email. Many of the stories involve someone being arrested or charged with embezzlement, and …
In monitoring embezzlement stories received via Google Alerts each day, I have noticed a constant stream of new embezzlement cases involving schools, school groups, PTO groups within schools, and other related victims. While thefts from these groups are not unusual, the amount of stories related to these groups in the last two weeks is alarming. “LAKE OSWEGO — A woman …
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 …