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

Dear Readers,

Hope all is well with you. So sorry I missed you at the workshop. It was an eye opening workshop and participants were just so happy to walk away with processes and procedures they can implement immediately within their organizations to protect themselves from becoming victims.

But not to worry. I am conducting another one on the 23rd of May 2013 because some participants sent me emails asking whether I will have another one soon. So here it is. The 23rd of May 2013 there will be another one and hope to see you there. You will be delighted you came. Please register at mgaskin1.eventbrite.com as soon as you can because seats are limited. Now, let's get some news from the Fraud World.

Here is something interesting and yet brazen.

Facebook Shuts Down Group Offering Fraud 'Services'

I cannot stress this enough. The only person who can protect you from something like this is YOU. I understand that we cannot avoid social media, but please be diligent in responding to requests. Use every privacy measure Social Media has to offer. Better yet minimize the amount of information you put on Social media. Don't put things such as your Birth Date or phone number etc on your profile. 

You will be very surprised at how just your birth date can open up so many doors for the perpetrator. It is extremely easy these days to get information on you using your birthday date. Privacy rights is becoming a thing of the past. If you do not know the person inviting you to join their group etc, or if this person was not introduced to you by someone you know, please do not accept the invitation. Accepting the invitation, gives the perpetrator access to the rest of your information. BE CAREFUL, BE DILIGENT. It pays.

http://www.hotforsecurity.com/blog/facebook-shuts-down-group-offering-fraud-services-6031.html

Steps in Preventing and Minimizing Employee Theft and Fraud

Hello Readers,

Hope all is well with you. Tomorrow's workshop will be an eye opener into what truly happens to trusted employees that makes them become fraudsters.


It is not a matter of IF you will be defrauded, it is a matter of WHEN you will be defrauded.


Don't miss this opportunity to learn how to prevent an mitigate this problem of fraud. You have worked hard to build your business' protect it even from the trusted employees.  

Venue: 14000 Jericho Park Rd, Room 3100 Bowie MD 20715
Time:- 10:00 am to 12:30 pm
Date:- April 23rd 2013

FRAUD IS A VIOLENT CRIME - PREVENT IT