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Often when offenders of employee fraud are caught, stories of their offending in prior roles comes to light.  The fraud they commit adversely affects the companies and employees they work with and many are let go without prosecution because of the stigma around the company being victim to fraud.  The only way this will change is for companies to have clear anti fraud policies and practices, and, if fraud is detected, to be able to provide the information needed to…

Where there are no controls in place, and no analytics of payroll and payment data, this type of “not sophisticated” fraud is too easily carried out.  It wasn’t until the new CEO undertook a financial audit that the fraud was detected.  Another common element here is that “because of her role and the confidence that she had inspired, her work was not closely supervised.”  Where executive employees are busy within their own roles and do not have the time to…