It seems that we’re hearing about another fraud case every week. The refreshing fact on these recent local stories are that restitution is being made, perpetrators are being held accountable and prosecution is imminent. It has been a rarity for the victim organization to recover any of the losses in the past. I welcome this new trend of companies pressing charges in these theft cases. Most recently there was a young Branch Manager accused of theft at Centra Bank in Scottsburg, IN. She schemed $63,000 from Centra Bank over the course of 2012 by taking cash from teller drawers and manipulating customer accounts. I wonder if that position provides too much temptation for a 24 year old.
Read the rest of the story at http://newsandtribune.com/local/x134966270/Former-bank-manager-arrested-for-63K-theft-in-Scottsburg
These days we see theft and deception everywhere, even in churches. In the local news, we have a bookkeeper accused of stealing $thousands$ from a church by taking donations meant for the school. The issue of trust comes into play in many a minds. As a minister or a small business owner, you want to believe that people can still be trusted. Although there are still many trustworthy people, the reality is that morality and right and wrong are becoming more subjective based on the benefits available to the decision maker at the time of the decision. Opportunity, motive and rationalization . So, why does an Accountant/Fraud Examiner choose topics like this for their blog? I choose these topics for two reasons: 1) because I believe small business owners need more than trust as the “go to” tools in their Asset Protection Arsenal … Read More »