Former Fried Frank Employee Confesses to Stealing $376,000 in Toner Cartridges

Hello Readers,

Here is typical example of a Trusted Employee Gone Bad example. One of the things Reagan said that made a lot of sense to me was the phrase TRUST AND VERIFY. This employee was with the company for 10 years. For a small business I understand how expensive toners are. My tiny printer/copier/fax toner costs $79.99 and has to be replaced at least once a month. I can't imagine someone stealing that much from my company. It puts a huge dent in the profits of a company like mine and any company for that matter. This type of scheme falls under the umbrella of Asset Misappropriation, subcategory of Inventory Larceny. Asset Misappropriation can be the nemesis of small and mid sized businesses. Thus it is extremely important that organizations do all they can to prevent it and or mitigate it.

On the 23rd of May, we will discuss the various forms of fraud SMEs face everyday and what to do to prevent it or mitigate it. Please register at mgaskin1.eventrite.com. The stealing of Toner cartridges could have been avoided if there was oversight by the company. Trust and Verify!!!!!!!!!

Former Fried Frank Employee Confesses to Stealing $376,000 in Toner Cartridges

FRAUD IS A VIOLENT CRIME = PREVENT IT