Employee Theft

Instructor Frances M. Trevino April 8, 2008 Paper #4 Research Paper The land the outcome of employee thievery really struck me was because the company I soon work for has been a victim of embezzlement twice. They argon a handsome promotional product company hither in San Antonio. They expect been in product line since November 1994. They say, It is what you presumet exist that bites you in the bum. The prototypal occurrence started in 2002 and was not ascertained until September 2005. During this three- social class period this person misappropriated approximately $350,000. ironically the person who was going to be the coterminous embezzler sight it. The next embezzlement was discovered April of this year and had been going on since August of 2007. So far the summarize waiver is near $15,000 and counting. The company did not carry employee theft insurance the first metre so the mischief was signifi do- nothingt and nearly regularise the company out of business. With the significant loss of funds they were not adequate to prosecute and had to take a small elimination to keep the business intact. The second quantify was different and the loss will not be so great. They have procedures they put option into effect from the first time and were able to catch it sooner.

This antecedent they may be able to prosecute and get roughly justice for what has been done. Embezzlement can happen to any business including family-operated. imposter can be a serious task in any business, provided it hurts small businesses more (Pesquera 2), because small businesses have all th e reasons to cultism swindling. There is ! a story with the Association of Certified Fraud Examiners 2002 Report to the Nation on Occupational Fraud and Abuse, the losses per employee from fraud in little companies are one-hundred times the pith of larger companies (Wells 3), this is why it is much(prenominal) a huge issue. A cumulus of small businesses have business owners that have limited chronicle skills. Owners hire psyche that...If you want to get a full(a) essay, order it on our website: OrderEssay.net

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