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Embezzlement occurs in all kinds of businesses, even schools, and the people who do it might surprise you. For example, today the Associated Press reports that a Vermont school principal has been arrested for embezzlement, and local police say they found items in his home that were purchased using school funds.
People steal from all kinds of businesses, even (and sometimes especially) if they hold positions of authority and responsibility, and they do it in a wide range of ways. There is no absolute protection from embezzlement for your business but you can pay attention to some things that will certainly help to prevent it. Here are tips suggested by Entrepreneur that will get you on the right track.
Putting proper controls in place is the first and most important step to embezzlement and fraud prevention. Lay down the right foundation and you should be able to avoid trouble or spot it as it arises.
If you're concerned about potential embezzlement or would just like guidance on putting together the best protections possible for your business, speak to a lawyer. You don't have to know it all or go it alone. Get help.
Meeting with a lawyer can help you understand your options and how to best protect your rights. Visit our attorney directory to find a lawyer near you who can help.
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