Prevent This From Happening to YOU!
An audit led to the arrest of a former trusted office manager who was charged with stealing $490,000 over five years from her boss, a Fort Lauderdale obstetrician. The doctor said she had over 8,000 patients, a great reputation and was still drowning in bills.
The Fort Lauderdale obstetrician told detectives that she would receive monthly financial statements from her office manager. The doctor admits that she did not pay attention to office finances and takes full responsibility of not putting checks and balances in place. Read the full story here for more details.
Prevent This From Happening to YOU!
- Pay attention to your employees behavior. Be alert to key indicators of potential theft such as apparent devotion to work or lifestyle well above salary level.
- Often, financial crimes require constant attention. Requiring mandatory vacation, particularly at least a one week long vacation annually, can deter and detect fraud.
- Control your cash receipts by using serially pre-numbered sales slips and conduct weekly audits. Balancing of receipts should be done by someone other than the person handling the money.
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.