Annual embezzlement losses are estimated to be over $600 billion and rising. The losses are huge and include all kinds of businesses. If you are a concerned business owner, select NEWS and type EMBEZZLEMENT into Google and watch pages and pages of exposed embezzlers fly by. Most of them get off with little or no jail time, some with community service, many with no punishment at all.
Only about 5 percent of all fraud is detected by external auditors. Even highly trained CPAs and accountants cannot tell when there is something "wrong" with the Financial Statements. So if trained professionals aren't spotting embezzlement, who is? Most often, nobody. When it's found at all, it's generally by accident. If you ARE being embezzled, and don't find a way to stop it, your losses will continue.
There may be signs in personnel. Experts advise owners and managers to watch their staff for employees who work unusual, unsupervised hours and who don't take time off or vacations, disgruntled employees, employees with a personal financial problem, or those who show a sudden increase in spending. Or not. An expert embezzler will fly completely under the radar in order to remain undetected year after year. He or she will be a person who has earned your trust, who probably does exemplary work. They never cause a problem, never seek attention, never do anything without a logical, rational reason to explain it. They may be the best friend you have on staff, the one whose betrayal is unthinkable, the last person you'd ever suspect. They may even be the person assuring you there is no problem!
There may be signs in the accounting department. Standard, ordinary accounting practices handled in some unusual way, something that should not be happening IS happening and blamed on a software glitch, something that looks like a cash flow problem just has a "wrong" feel about it, too many mistakes that'll be corrected next time, too many excuses, too much confusion clouding every issue. Or you may be hemorrhaging money with little or no reason for it. Or not. There may be no external signs of embezzlement at all.
. . . . but you cannot afford to ignore the possibility. Neither can you afford to get it wrong. While stopping an embezzlement is important, so is getting some of your money back. If you ARE being embezzled, you need to take action before your embezzler lawyers up and acts against YOU.
Face it! If you are a business owner or manager today, you can no longer rely upon your monthly Financial Statements to help you make vital business decisions. The digital accounting program your bookkeepers and accountants are using makes embezzlement easy to do and the Financial Statements cover it up. While once this practice worked, it is now working against you. It is a problem every business faces, but there is a solution.EMBEZZLE $10.00 PDF through Paypal Buy NOW or the Kindle edition click here.