True Story Round-up for March 22

Twenty year bookkeeper steals $2.3 million.  She made false entries in the company books indicating that the checks were being paid to various transportation companies and other entities.

State Police have arrested a woman accused of embezzling more than $100,000 from a recreational vehicle company where she worked as its bookkeeper.

A woman [...]

QuickBooks Expert Scott Gregory Speaks Out

Attention Accountants/Bookkeepers
Have you been looking for a way to detect problems that may be lurking inside a clients’ QuickBooks data file?  Has the ownership of your client expressed some concern about the quality of the work being done by their bookkeeper? Are there any reasons to believe that some shenanigans (i.e. theft or fraud) may [...]

True Story Round-up for March 15

An independent contract bookkeeper for several businesses, allegedly embezzled more than $80,000 from at least one of her local employers while working as a part-time bookkeeper.

A woman has pleaded guilty to embezzling more than $240,000 from a local company over the course of seven years.  She would create false entries in the bookkeeping [...]

True Story Round-up for March 8

A woman suspected of stealing nearly $70,000 from her former employer was arrested.

A woman who stole more than $400,000 while working as a bookkeeper at a central New Jersey firm has been sentenced to five years in prison.

In addition to the financial loss and  obvious breach of trust issues, the offenses had a [...]

True Story Round-up for January 25

Her bookkeeper, a 68-year-old woman with a walker and an addiction to pain pills, would give her inflated payroll requests that included as much as $5,000 a week for herself.

A woman is out on bail after being arrested for stealing nearly $18,000 from a dermatologist’s office.

A judge has sentenced a bookkeeper [...]

Telltale Signs of Employee Fraud

Written by Roger R. Kohl of B2B CFO

The Association of Certified Fraud Examiners (ACFE), indicates the average U.S. business loses 5% of revenue to fraud and abuse each year.  In a recent study of 1,100+ fraud cases nearly one in four was $1 million or more.

5% of Revenue – On Average – Per [...]

Small Businesses Face Greatest Risk for Fraud & Embezzlement

by Guest Blogger Christopher T. Marquet

Every organization large or small, public or private, for-profit or non-profit, is subject to fraud, waste and abuse. Anecdotal evidence strongly suggests that economic factors, such as poor economic times, may increase the frequency of fraud, including employee theft, specifically embezzlement. However, our research suggests that small businesses face [...]

Strange Increases in Vendor Payment Volume

Katy’s husband has been out of work for months now, and the unpaid bills are starting to pile up.  They skipped their anniversary trip to Vegas this year.   “Our life is like a game of high stakes poker right now,” they joked.   The thought of empty stockings and disappointed kids on Christmas morning was no [...]

True Story Round-up for November 9

A True Story Round-up for November 9, 2010:

Fire department loses $113,205 to a bookkeeper with a bad coke habit.

Owners ask for lite sentence for bookkeeper who stole more than $50,000 from the company.

A woman has been sentenced to 15 years in prison for embezzling more than $1.5 million from a timber company to feed [...]

True Story Round-up for November 3

A True Story Round-up for November 3, 2010:

Bookkeeper at real estate firm steals $30,000 and goes to jail.  The owner discovered crime when bookkeeper took vacation.

A former bookkeeper accused of stealing more than $200,000 from one of her clients says she has proof she didn’t take the money, according to her lawyer.

A judge has [...]