Tag Archives: employee fraud

Someone Got Their Hands in Your Cookie Jars?

By Lam Pham | Published October 10, 2016

Embezzlement remains a big problem for districts of all sizes. So, what can your district do to safeguard against embezzlement?

Posted in Human Resources, Loss Prevention, Risk Management | Also tagged , Comments Off on Someone Got Their Hands in Your Cookie Jars?

Embezzlement Costs Special Districts Millions

By CSD Pool | Published July 13, 2015

The U. S. Department of Commerce has released figures indicating that employee theft costs U.S. businesses over $40 billion per year, playing a significant role in 95 percent of business failures and nearly a third of all business bankruptcies. Special districts, like most other governmental and business entities, are always vulnerable to internal threats that can come from employees, including managers and even board members. Yet, many organizations still believe it couldn’t possibly happen to them.

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