Browse Tag: embezzlement

Encounters with Embezzlement

Encounters with Embezzlement

 
 
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Encounters with Embezzlement

Theft and embezzlement are nothing new. As long as there has been wealth there have been people assigned to protect the wealth. The obvious flaw in this system was perhaps best stated by the Roman Poet Juvenal, who asked, “Who watches the watchers?”

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5 Ways Nonprofits Can Prevent Fraud

fraud

Nonprofits organizations continue to suffer loss as a result of fraud. Fraudsters capitalize on every opportunity to steal funds. Millions of dollars are defrauded mainly by those in leadership.

Control measures such as double checking signatures have since proven not to be preventive enough. There are several examples that can illustrate this better. The Washington Post reported the following incidents, all happened between 2007 and 2013:
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10 ways your White Collar staff are ripping you off!

whiteCollar_1White collar crime (WCC) refers to financially motivated nonviolent crime committed by professionals in the course of their occupation.

A single scam can destroy companies, wipeout family savings, cost investors billions or all three like in the Enron case. It is important to keep vigilant, especially small business owners. WCC can take years to be discovered and even longer to gather the evidence to remove/prosecute the offender.
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