Embezzling at Work
Embezzlement in the workplace is nothing new. Since it is nothing new, we can sometimes become a bit lax in the enforcement of our checks and balances and in the kind of monitoring we have in place to prevent it.
How long does it take to embezzle $50 million? Apparently about 20 years. At least, that’s the allegation about an employee in the DC Office of Tax and Revenue.
One might say that it’s easier to embezzle in a government office because of the bureaucracy and because the bureaucrats don’t pay enough attention to this sort of thing. Maybe. But you’re not saying that your business or organization is free of bureaucracy, are you? And you’re not saying that some things in your business or organization aren’t allowed to slide or that some employees aren’t cut more slack than others when it comes to money issues, are you?
Take a look at this situation. Maybe it’s time to make sure your financial policies and procedures are thorough and are being fully enforced.
About Chris Parker
Chris Parker's practice focuses on the representation and counseling of companies in matters pertaining to the workplace and the protection of their intellectual property and trade secrets. In addition to serving as an advocate for clients, Mr. Parker is also trained as a mediator and frequently serves as a third-party neutral.
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About Jimmy Daniel
Jimmy Daniel provides counseling to businesses of all sizes related to the employment relationship. He assists in the drafting of employment agreements, policies, and handbooks, as well as provides guidance related to compliance with federal, state, and local legislation such as the Fair Labor Standards Act and the Family and Medical Leave Act.
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About Larry Bridgesmith
While serving in an Of Counsel relationship with the firm, Mr. Bridgesmith also serves as the Executive Director at the Institute for Conflict Resolution at Lipscomb University and as an officer and principal in Strategic Resolutions Group, LLC. In these roles, Mr. Bridgesmith brings over 30 years of legal experience in dispute resolution and innovative workplace strategies to clients, students and business entities alike.
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