Do accounting errors & fraud really affect small businesses?... ABSOLUTELY!
Accounting errors and fraud undermine financial decisions, result in monetary losses and in some cases even force companies to close. Read the TRUE STORIES below to see how REAL small businesses are affected by errors and fraud every day.
CT Scans & the Cure for Errors/Fraud
Most people can look at the image on the left and ascertain that something is wrong. Even without the arrow overlay, you can see a rather large growth on the right side of the image. If you’ve seen a head CT scan before, you might even recognize the lower jaw bone, esophagus and spine.
Unless you [...]
True Story Round-up for May 18
A former bookkeeper has been sentenced to four years, five months in prison for defrauding the Southwest Virginia Emergency Management Services Council.
Prosecutors told jurors that former part-time bookkeeper Jennifer Zito was a “very good liar” who stole from an elderly businessman who had no accounting or computer skills.
A man pleaded guilty [...]
True Story Round-up for May 12
A 36-year-old woman has been sentenced to nearly three years in federal prison and ordered to pay nearly $222,000 in restitution for money she embezzled while working as a bookkeeper.
A bookkeeper who confessed to stealing $50,000 from her employer is now facing felony charges.
The former bookkeeper of a real estate company was recently [...]
True Story Round-up for May 4
A bookkeeper from was charged with first-degree theft for allegedly embezzling more than $205,000 from a construction company.
A bookkeeper faces up to 15 years in prison after pleading guilty Monday to embezzling more than $110,000 from two customers.
A woman is charged in a scheme to take more than $275,000 from the roofing company [...]
The Top 10 Embezzlement Cases In Modern US History
by Guest Blogger Christopher T. Marquet
It seems as though there isn’t a day that goes by in which another major embezzlement case has reared its ugly head in the United States. Some blame the state of the economy, which certainly is a positive factor for both the frequency and the discovery of this type of [...]
True Story Round-up for April 21
A bookkeeper for Hackney’s restaurant has been charged with embezzling more than $180,000 over nearly two years.
A woman faces 10 felony charges after police say she wrote unauthorized checks to herself and took money from her employer.
Bookkeeper used credit cards from a business to pay his own personal expenses without authorization and also used [...]
True Story Round-up for April 12
A doctor noticed that he had suspicious transactions on his business account. He contacted his accountant, and upon an audit of several years of finances, they discovered that some of the suspicious activity had been occurring since 2009.
A former bookkeeper for two Louisiana companies has pleaded guilty to embezzling more [...]
True Story Round-up for April 4
A former bookkeeper is was behind bars after police say she embezzled more than $25,000 from an electrical contractor. Records show she bought groceries, went to eat at various restaurants, and even bought airline tickets, rental cars and went to beauty salons all on the company’s dime. She even set up [...]
Profile of an Embezzler
by Guest Blogger Christopher T. Marquet
A question often posed to me is, “What is the typical profile of an embezzler?” Based upon Marquet International statistics compiled over the past three years of major embezzlements involving employee thefts of more than $100,000 in the United States, certain characteristics do stand out.
For example, she would be female, [...]
True Story Round-up for March 29
As our bookkeeper, he was able to bury his theft in ways that indicated mismanagement or poor performance on the part of his co-workers. To exact this level of deceit is unconscionable.
The former bookkeeper for a local petroleum interest group has been sentenced to more than two years in federal prison for embezzling nearly [...]
