Bookkeeper arrested for embezzlement

It always amazes me how people think that they can get away with stealing money from small business.  Check out this article on how a bookkeeper was charged for embezzlement for taking over $100,000 in one year in order to purchase lottery tickets.  This is why it is so critcial to ensure that you have proper internal controls in your small business and why you as the small business owner must always keep control over your bank accounts and always sign all of your cheques and know all of the transfers that are coming out of your bank account. 

 

The full article can be found at:  http://www.freep.com/article/20111211/NEWS03/111211009/Bookkeeper-charged-embezzling-110-000-lottery-tickets?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cp

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DISCLAIMER….

Let's get the formalities out of the way...this website is for INFORMATIONAL PURPOSES ONLY and is an expression of my personal opinions. Please seek professional advice before acting on any of the information included on this site. Please note that on this site I am sharing my 20 years of experience working with small business owners and one of the things I have learned is when to be professional and cautious which is why this disclaimer exists.