The Million Dollar Hiring Mistake
Although you would like to believe that everyone working for your company has a professional and trustworthy spirit, there has been a rise in employee theft and dishonesty over the past few years. Many attribute this trend to the use of technology and software that makes it easier to manipulate company data, but it could be the age-old saying that desperate times require desperate measures. Covering your business with an employee dishonesty bond can help protect from the loss incurred with employee fraud, but strong hiring and vetting practices might also help minimize the potential for significant company chaos. Take a look at these two extreme cases of employee fraud from the last few years.
1. False Expenses
In 2018, a former manager for Quest Diagnostics was caught by the FBI for taking $1.2 million from his company in false expense reporting. He created an elaborate scheme with fake companies and turning in requests for payments he had made acting as a Quest partner. He was sentenced to five years in prison once the feds found out a company address was linked to an entrance ramp for a Florida freeway.
2. Security Expert Turned Exploiter
In trying to be proactive, … Read more