Former Office Manager Embezzles $2M for a Life of Luxury; While Employer Struggles with Debt

stack of hundred dollar billsA family built business based around trust struggles to survive after former office manager and confidant embezzles $2M.

The former office manager was responsible for collecting and managing company funds as well as overseeing the financial day-to-day operations. For almost 10 years, he embezzled more than $2M to purchase luxury items which included 56 vehicles over the course of 7 years. He was fired a few days before his 10 year company anniversary.

After he turned himself in, he pled guilty to 15 counts of wire fraud. At the sentencing hearing, the government asked for a year for every year that the former office manager stole from his employer.

Read the full story here for more detail

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Help Protect Yourself from Embezzlement; Tips for Protection

  • Reconcile Bank Accounts Monthly
  • Reconcile Credit Card Statements Monthly
  • Consider Having Outside Account Reviews & Closes Books Monthly
  • Collect Receipts
  • Require Separation of Duties for Financial Transactions
  • Protect Signature Authority
  • Bill Review
  • Accounts Receivable Review

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.

National Practice Leader
Sean Missal
(860) 466-7377
[email protected]
Mid-West Regional Manager
Michael Beranek
(501) 707-6548
[email protected]
East Regional Manager
Matt McNamara 
(212) 497-3707
[email protected]
Amanda VanCauwenberge 
(312) 730-1101
[email protected]com
Patricia Logan 
(212) 497-3708
[email protected]
Thomas Trieloff
(312) 705-1132
[email protected]
Cheryl Yorio 
(860) 466-7379
[email protected]
Everton Barrington, FLMI
(860) 466-7376
[email protected]
Alexander Doerflein 
(212) 497-3724
[email protected]
West Regional Manager
Jennifer Maggi 
(213) 417-5467
[email protected]
Adam Pardi
(212) 497-3704

Catherine Vilandre

(860) 466-7375

[email protected] 

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