Do accounting errors & fraud really affect small businesses?... ABSOLUTELY!
Accounting errors and fraud undermine financial decisions, result in monetary losses and in some cases even force companies to close. Read the TRUE STORIES below to see how REAL small businesses are affected by errors and fraud every day.
Fraud charge sworn against former Capital Families bookkeeper
A 53-year-old Victoria woman accused of siphoning $200,000 from Capital Families Association made her first court appearance last Thursday.
The former bookkeeper is accused of embezzling money from the West Shore non-profit group from January 2008 to January 2010.
Link to Story
Little League treasurer accused of embezzling over $130,000 from accounts
The former Stony Point Little League treasurer Wednesday was arrested and charged with stealing over $130,000 from league accounts from 2004 until late 2008, Stony Point Town Police said.
Link to Story.
Indictment made in fraud at Harvard Hillel
A former accountant for Harvard University’s Hillel House, a Jewish student organization, stole about $780,000 over five years and spent the money on sports tickets and trips, the state’s attorney general said.
Link to Story.
Priest pleads guilty to grand larceny
Various methods were used by Father Sullivan to effect these thefts, including both the use of unauthorized checks from a parish account, and the theft of collection cash.
Link to Story.
