George F. Hildebrandt
Call 315-350-3980 or 866-929-3285
24/7 to request a confidential meeting today

Signs an employee may be embezzling

Embezzlement is a specific category of larceny that consists of taking and keeping funds that belong to someone else but that the employee has authorized access to. Such a theft can occur in a variety of settings. Whether the funds in question consist of millions of dollars at a New York investment bank or a few hundred at a local grocery store, employees in a position of trust may, unfortunately, succumb to temptation and cause substantial damage to a business's bottom line and reputation.

Early warning

Paying attention to certain red flags early on can alert employers to embezzlement before it can do a great deal of harm. While taking caution to the extreme may not make sense, it is always important to remain alert.

Missing or incorrect documentation

Employees who embezzle often falsify or hide records to cover up their transgressions. Thus, irregularities in transaction records or other types of paperwork can point to something a lot worse than mere carelessness. Watch for an ongoing pattern of paper files going missing or becoming "accidentally" destroyed, or of problems with computer files. Other warning signs include discrepancies in documentation or accounts that do not quite add up. Directly reviewing documentation can help reduce the risk of this happening.

Unexplained financial changes

Unexplained alterations in business patterns can also point to an employee siphoning funds. Are you seeing a downward trend in your collection rate? Are your clients inexplicably delaying or decreasing payments? If you are getting calls from vendors about past due accounts, the payment funds may be going astray before reaching them.

Psychological indicators

Sometimes, the signs of potential embezzlement can be more subtle. You may notice that an employee seems unhappy, expressing dissatisfaction about his or her employment terms or feelings of being treated unfairly at work. Sometimes, this combines with financial problems to put an employee at risk for embezzlement. These indicators can be especially important if they represent a change in the employee's previous attitude.

No Comments

Leave a comment
Comment Information

Make An Appointment Here

Don't wait any longer to get the legal representation you need. Use my online contact form to tell me about your case, and I will be in touch with you as soon as possible. If you prefer, you can also call 315-350-3980 to schedule an appointment with me.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Firm Location:
304 South Franklin Street
Syracuse, NY 13202

Toll Free: 866-929-3285
Phone: 315-350-3980
Fax: 315-478-6503
Syracuse Law Office Map