THE NAKED ACCOUNTANT

Naked Accountant Featured on BrandingBlog Podcast

I was recently the featured guest on Dave Young's BrandingBlog Podcast. Dave interviewed me while he was in town for a meeting. We discussed my upcoming classes at Wizard Academy and also tossed out a few suggestions for protecting yourself from an embezzler.

PREVENTING EMBEZZLEMENT AT BARS HARD TO DO

This was submitted by one of our younger, brilliant accountants.  His name is Danny.  I agree with his opinion.

Preventing embezzlement in a bar....

EMBEZZLEMENT PREVENTION IN BARS IS DIFFICULT

One of our younger, brilliant accountants submitted this information about embezzlement in bars - there are two issues:  one is embezzlement because it is partly a cash business  and the other one is tip reporting.   I agree with with Danny's assessment.

The environment in a bar is a perfect setup for embezzlement:  ....

EMBEZZLEMENT...PREVENTION MEASURES (again!)...

This was contributed by one of our employees, Ira Siegel.  Ira is a brilliant CPA who joined our firm in the last year.  He is getting a reputation for his great touch with clients - I've personally gotten some fabulous feedback!!  Prior to joining our firm, Ira practiced in California....and had some clients from the entertainment industry (exciting, huh?)!! 

Billions of dollars are lost by U.S.employers every year from embezzlement!!  Small businesses are especially vulnerable because they do not have the monetary or human resources to set up internal controls that help protect larger companies (sometimes…).  Embezzlement can rear its ...

MY 88 YEAR OLD AUNT JANE TOLD ME THIS EMBEZZLEMENT STORY!!

In the early 1950’s, Aunt Jane was head of the loan department in a large bank in Charlotte, NC.  When a customer came into the bank to pay the quarterly interest on a demand loan, they usually paid in cash.  Aunt Jane would pull the loan paperwork and write the date and amount paid on the reverse side. She would then put the money

EMBEZZLEMENT 101 FOR SMALL BUSINESS OWNERS

1.    It starts with hiring…that’s right – here’s where it starts BUT it does not end with hiring.  Hiring the right person in the first place is extremely important; however, it does not guarantee that this perfect candidate will not turn into an embezzler given the right opportunity....  

I LEARNED SOMETHING FROM SETH TODAY THAT APPLIES TO EMBEZZLEMENT!!!

I read Seth's recent post about how we handle and talk about "future events."  If you had the wild opportunity to predict a potential future business catastrophe, wouldn't you pounce on the opportunity to prevent it?  His entire blog, not just this particular post, is worth reading.

EMBEZZLEMENT TO THE TUNE OF $1M BY MUSEUM EMPLOYEE

A Hollis woman and her three children (!) were sued for allegedly embezzling cash from the museum.   She and her children, Bunker, Kristen and Robert are faced a civil suit filed in Worcester Superior Court.

Peggy Kempton, 52 was the CFO of Fruitlands Museum in

Harvard

,

Massachusetts

for ten years. (She has since....

MUSEUM EMBEZZLEMENT - EMPLOYEE POCKETED $1M !!!

A Hollis woman and her three children (!) were sued for allegedly embezzling cash from the Fruitlands Museum in Harvard, Massachusetts.   She and her children, Bunker, Kristen and Robert are faced with a civil suit filed in Worcester Superior Court.

Peggy Kempton, 52 was the CFO of Fruitlands Museum ten years. (She has since been fired). She was given the responsibility for supervising the daily operation of the museum.  She was the only employee who handled check writing,.................

EMBEZZLEMENT - A CREATIVE WAY MY BROTHER CAUGHT HER!

In the cement company where my brother works, there is a department that is paid in two ways:  $1000 by the truckload or $50 for a small quantity.  Each load is identified by a number.  The $1000 load is #250 and the $50 load is #100.  The loads are checked by an employee and, if all is ok, the drivers pay the employee….sometimes in CASH.  It is the employee's responsibility.........