Employee Embezzlement: A Fox Guarding the Henhouse

A Fox Guarding the Henhouse:

A story broke today where a long time bookkeeper employee for a small business was arrested for embezzling over $1,000,000 from the company. The employee was considered “family” by the company. The moral of the story is this.

  • Require two signatures for all checks
  • Require your bookkeeper to take at least one vacation per year and while on vacation have an audit done on your books; and
  • Be proactive if you are the business owner.

My experience in law enforcement, retail loss prevention and as a criminal defense attorney have conclusively shown me that once an employee steals from a company once, it becomes an addiction and the theft can be devastating. Remember, nobody cares about YOUR company as much as YOU do.

Please click on the link below to see the story.

http://www.wkyt.com/content/news/KSP-Jessamine-Co-bookkeeper-embezelled-more-than-1M-from-company-387682381.html

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If you find yourself faced with an employee embezzlement issue, consider contacting my office.

For more information: http://speddinglawoffice.com/automotive-law/

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