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Tag archives for living above means

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 dateJuly 26, 2017  |   post categoriesembezzlement, Embezzlement and Internal Fraud  |   post comments number0 comment Read more  >
employee embezzlement
Embezzlement . . . What Went Wrong? (E2)

Acts of employee embezzlement can and does cripple and destroy entire organizations, whether it be the smallest little league operation or largest multi-billion dollar corporation, medical facility or private practice, school or university, religious or non-profit organization, law enforcement or government agency. All organizations, without exception, are vulnerable to acts of employee embezzlement. Perhaps you […]

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 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 dateNovember 12, 2014  |   post categoriesUncategorized  |   post comments number19 comments Read more  >
Preventing Business Embezzlement and Fraud – Part 1

I believe that no internal fraud can take place within any organization without the fraudster: 1) holding a position of trust, 2) having little or no supervision or oversight, and 3) being perceived as honest and trustworthy. Together, these three elements foster acts of dishonesty and betrayal.             Who’s committing these crimes? Don’t be fooled […]

post dateOctober 6, 2014  |   post categoriesUncategorized  |   post comments number26 comments Read more  >
Business Fraud and Embezzlement

“In modern business it is not the crook who is to be feared most, it is the honest man who doesn’t know what he is doing.” —William Wordsworth    I recently came across a Facebook article about a former bookkeeper who pled guilty to two grand theft embezzlement charges and two felony identity theft charges after stealing […]