Former Longtime Controller Accused of Stealing Nearly $1M from Charity

A longtime employee for the Jewish Federation of Fort Worth Texas is accused of stealing almost $1M from the charity.

The former controller worked for the charity for 18 years and is now facing charges of bank fraud. The woman allegedly passed checks payable to herself using forged signatures from officials of the charity between January 2013 and August 2018.

It was discovered that before an audit, the former employee would falsify financial records and move money between accounts to hide her scam.

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Prevent This From Happening to YOU!

Company theft often involves employees. It can happen in any part of the company but departments which process money, cash, checks or credit cards are particularly vulnerable. Potential warning signs include:

• An employee who often takes work home.

• An employee who continually works overtime and/or refuses to take vacation.

• Excessive personal spending by an employee whose income does not support their extravagant lifestyle.

• Unexplained personal relationships between company vendors and/or customers.

• A drop in profits/income.

• Unexplained changes in your accounting records.

Make Sure Your Clients Take a Proactive Approach To Protecting Their Business Should a Loss Occur

Make sure your clients have crime insurance. Take the steps to ensure that your clients are covered by calling one of the Berkley Crime team members listed below.