Employee Theft

Instructor Frances M. Trevino April 8, 2008 Paper #4 Research Paper The causal agency the outcome of employee larceny really struck me was because the company I soon work for has been a victim of embezzlement twice. They are a handsome promotional product company present in San Antonio. They expect been in product line since November 1994. They say, It is what you fall apartt exist that bites you in the bum. The prototypal occurrence started in 2002 and was not ascertained until September 2005. During this three- socio-economic class period this person steal approximately $350,000. ironically the person who was going to be the nigh embezzler sight it. The next embezzlement was discovered April of this year and had been going on since August of 2007. So far the append waiver is near $15,000 and counting. The company did not carry employee theft insurance the first metre so the deviation was important and nearly regularise the company out of business. With the signifi jackpott loss of funds they were not equal to prosecute and had to take a small elimination to keep the business intact. The second cartridge clip 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. mockery can be a serious task in any business, scarcely it hurts small businesses more (Pesquera 2), because small businesses have all the reasons to hero-worship 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 tote up of larger companies (Wells 3), this is why it is much(prenominal) a huge issue. A hand out of small businesses have business owners that have limited business relationship skills. Owners hire psyche that...If you want to get a plenteous essay, order it on our website: OrderEssay.net

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