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Tag Archives: employee fraud
Someone Got Their Hands in Your Cookie Jars?
Embezzlement remains a big problem for districts of all sizes. So, what can your district do to safeguard against embezzlement?
Posted in Human Resources
Also tagged fraud detection, fraud prevention
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Embezzlement Costs Special Districts Millions
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.
Posted in Crime Coverage
Also tagged embezzlement, employee theft, fraud, loss prevention
Comments Off on Embezzlement Costs Special Districts Millions