NEED + OPPORTUNITY = EMBEZZLEMENT

How do you set yourself up to be embezzled?

• Hire the wrong person  (we hire quickly and fire slowly....this will be another topic later)
• You didn't check their references (sometimes they were fired for embezzling and are counting on you not checking their references...)
• They appear efficient & dependable & in complete control
• They live beyond their means.....

• Employer becomes complacent even relieved & lucky to have found such competent help
• Employer quits paying attention to the finances
• Needy, financially maxed out employee begins to see opportunity and the temptation is greater than their ethics, morals & integrity....they begin strategically weaving a web of embezzlement
• Employee becomes an embezzler....when caught they usually say they were borrowing the $$ and intended to pay it back.....we call this denial & theft
• Embezzling gets out of control
• Embezzler becomes complacent & quits paying attention
• Something gets employers attention (Where is my money going?)
• The embezzlement is discovered, embezzler fired...not prosecuted due to lack of evidence (too expensive to compile and too time consuming as employer is now rebuilding and has no bookkeeper!)
• Do you recognize where need + opportunity overlapped?
• Managing need is the employees responsibility & creating opportunity is the employers responsibility.

DON'T BE THE NEXT VICTIM !!!

Comments

[Stephen]

We caught an employee embezzling at a cash sales point by simply setting up a buy and then comparing the receipt handed to the buyer (our person) and the one placed in the drawer at work. The employee did as said and stated they considered it a loan, we fired them on the spot!

[Patrick Sullivan Jr.]

Jean, thanks for stopping by to say hello and for your kind words. :)

This is a really good bulleted list. Thanks for the reminder to trust, but verify!

Patrick

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