Quantcast

Author Archives: Denise McClure

Embezzling trust in Pocatello

It’s hard to believe a trusted employee would steal, let alone steal from three different organizations. A Pocatello nonprofit was shocked to learn that one of its longtime employees stole more than $100,000 from a program that held funds in ...

Read More »

Check signing myths and misconceptions

One day in a previous life when I managed a medical practice, an employee showed me how she handled the problem of insurance forms sitting on doctors’ desks for weeks, awaiting signatures. One physician in particular was “not approachable” (I’m ...

Read More »

The dish on disbursement fraud

Forging signatures on checks, charging personal purchases to company credit cards and paying off personal credit cards with company funds are just a few examples of a common form of embezzlement: disbursement fraud. Since this is the most common form ...

Read More »

Getting tough on resume fraud (access required)

Patrick Couwenberg was once a Los Angeles Superior Court justice. He had one very large problem: his resume bore very little resemblance to the truth. Every section of his resume contained lies – about his education, military service (a nonexistent ...

Read More »

Payroll fraud myths and realities

Ghost employees. While the phrase may conjure up ideas for a new mystery novel, the reality isn’t at all glamorous. These “ghosts” (fictitious employees who receive paychecks) constitute a common type of payroll fraud. Essentially, payroll fraud occurs when someone ...

Read More »

Lessons from Penn State

Louis Freeh’s report, recently made public in the media, highlighted a series of failures at Penn State that led to a cover up of Jerry Sandusky’s sexual abuse. Freeh cites numerous individual failings, along with “weaknesses of the university’s culture, ...

Read More »

Signs of embezzlement

As a forensic accountant, I’ve seen egregious fraud committed over the years. After discovering they’re victims of embezzlement, business owners and board members invariably make two observations: 1. The violation of trust hurts more than the monetary loss. 2. Looking ...

Read More »

In the words of the embezzlers

Greed and opportunity can drive people to commit egregious acts – like embezzling from an unsuspecting employer. What drives an honest person to do something so despicable–to commit acts a trusted person knows are illegal, immoral, and unethical? Criminologist Donald ...

Read More »

Medical groups are often targeted for embezzlement

Medical groups are richly rewarding targets for administrators with faulty moral compasses and a penchant for luxurious lifestyles. A 2010 report published by the Medical Group Management Association found that two-thirds of high-dollar embezzlement cases occurred in small groups of 10 ...

Read More »

Don’t be afraid to see what you see

Whether it starts out fueled by need or by greed, embezzlers end up indulging in a lavish lifestyle. Easy money is just too tempting. Too many bright, hard working, trusted people have succumbed to the temptation of easy money made ...

Read More »