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?

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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.

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