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.
CFO charged with stealing more than $80,000
Former St. John’s Preparatory School CFO Brian Dalphonse has been indicted for allegedly stealing more than $80,000 from the school, according to Middlesex District Attorney Gerry Leone.
Brian Dalphonse, 41, of New Hampshire, was indicted late yesterday by a Salem Superior Court Grand Jury on charges of larceny over $250 (four counts) and false entry into [...]
Police: Fraud paid for 400 pairs of shoes
Ex-bookkeeper is charged with embezzling $9.9 million from her company
http://www.msnbc.msn.com/id/29572722/
A startling case from earlier this year where the CFO of a small company stole nearly $10 million over a 6 year period. As with most fraud cases in small businesses, someone outside the company eventually discovered the theft. The company also had to cut staff [...]
