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I Will Steal $250,000 From You: Preventing Embezzlement

4:15pm to 5:00pm

EDT (GMT-4)

When we think about employee theft or fraud, we immediately think of cashiers skimming money from their till or someone getting too much overtime. While these practices can do long term damage to any business, what is rarely discussed is the devastating act of embezzlement. Embezzlement schemes typically involve management or C-Level employees who have earned their owner’s trust, are 48-49 years old and can easily steal $500,000 or more. The basis of the presentation will be the annual Hiscox Embezzlement Study along with dozens of real-world examples of how employees at EVERY level stole $50,000 or more. This presentation will focus on how to prevent, identify and audit for theft and will be geared specifically for management without an accounting or finance background.