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Tag archives for employee theft

post dateOctober 29, 2018  |   post categories6 tips to help reduce business credit card abuse, Uncategorized  |   post comments number2 comments Read more  >
Stopping Business Credit Card Abuse Common Sense – the Key to Prevention

Sometimes I think using this blog to offer tips for stopping business credit card abuse is a waste of my time. And, this makes me feel like shouting out, “You can prevent these crimes in your organization. But you must use some common sense – the key to prevention.” On August 4, 2017, I posted […]

post dateJune 28, 2018  |   post categoriesUncategorized  |   post comments number0 comment Read more  >
6 Tips to Help Reduce Business Credit Card Abuse Common Sense – the Key to Prevention

A former administrative assistant for [employer] was recently sentenced to three years in state prison for charging $243,000 on a company credit card for luxury personal items at upscale retailers including Gucci, Louis Vuitton, and Victoria’s Secret. The [defendant] worked mostly from home, arranging employee training, travel, and parking while between 2013 and 2016. She […]

post dateFebruary 1, 2018  |   post categoriesembezzlement, Embezzlement and Internal Fraud, Uncategorized  |   post comments number0 comment Read more  >
embezzlement cases
Embezzlement Cases Cost Companies an Average of $1.13 Million

Be forewarned that embezzlement crimes are happening to every kind of organization imaginable! As shocking as it may seem, according to a 2017 study by global specialty insurer Hiscox, last year workplace embezzlement cases cost companies an average of $1.13 million. Even as you read this, an embezzler or another internal fraudster may be ripping […]

post dateSeptember 5, 2017  |   post categoriesembezzlement, Embezzlement and Internal Fraud  |   post comments number2 comments Read more  >
church embezzlement
Think Acts of Embezzlement Are Not Thriving in Houses of Worship? (E-4)

Think acts of embezzlement are not thriving in houses of worship throughout the United States? If you answered no, well think again! To help prove my point, let’s start by simply “googling” Church Embezzlement, and don’t be surprised to find results reading somewhere around 499,000. Next, let us take a brief look at five church-related […]

post dateAugust 4, 2017  |   post categoriesEmbezzlement and Internal Fraud  |   post comments number0 comment Read more  >
business credit card fraud
Six Tips to Reducing Employee Credit Card Abuse (E3)

If you think business credit card fraud in operations such as yours is not a problem, think again. This form of internal fraud/embezzlement is not only widespread — it’s legendary. Simply Google the words, “business credit card fraud” and don’t be surprised to find results showing “about 16,200,000”. My studies show that any employer’s credit […]

post dateJune 28, 2017  |   post categoriesembezzlement, Embezzlement and Internal Fraud  |   post comments number0 comment Read more  >
Embezzlement crimes
Embezzlement: A Multi-Trillion Dollar Crime

The world has always had a goodly share of liars, cheats, thieves and embezzlers. However, embezzlement crimes by highly trusted employees have reached an all-time high. These ultimate betrayals of trust show no signs of reversal unless a dramatic change takes place throughout the business world. These crimes are happening to every kind of organization […]

post dateJune 9, 2016  |   post categoriesUncategorized  |   post comments number1 comment Read more  >
What’s Happening?

Hi Folks: Something is wrong with my blog site! Over the past few weeks I have not received a single post regarding my published articles. When I say not a single feedback message, I mean zero, zilch, zip, nothing in feedback. While in the past I received approximately 100 responses per week regarding those articles […]

post dateApril 19, 2016  |   post categoriesembezzlement, Embezzlement and Internal Fraud  |   post comments number0 comment Read more  >
$5.7 Million Embezzlement Scheme

This morning I received an Immediate Release notification from the Department of Justice, U.S. Attorney’s Office, District of Minnesota about an embezzlement scheme. In bold print, “Former CFO Of [City] Industrial Contractor Charged With Embezzling More Than $5.7 Million” The story behind this alleged scheme differs little, if any, from those crimes that I have […]

post dateMarch 4, 2016  |   post categoriesUncategorized  |   post comments number0 comment Read more  >
The Alarming Facts — Multiple Tasking

American businesses are in a dire situation! As the economy fails to improve, troubled businesses are taking a number of drastic steps to survive. High on their expense-reduction hit list are cutbacks in personnel. Staff reductions generally mean that existing employees must take on additional responsibilities and workloads. Many times this means that internal controls […]

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