How To Handle Employee Embezzlement

In such cases the employer should move quickly to investigate and discipline the employees involved. One of the best ways to prevent theft and embezzlement is to manage employee behaviors.

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Then if you suspect that an employee is embezzling from your company you call your attorney for their legal advice on how to handle the embezzling staff member.

How to handle employee embezzlement. Or ask the employee. While this offense is generally brought against employees it can be charged against anyone with a fiduciary responsibility. What should I do about this employee theft.

Prevention and preparation are important. This attitude can signal that the employee is afraid others will uncover the embezzlement if he is gone. Employees should feel comfortable discussing workplace issues such as cases of embezzlement with their managers.

Ensure that your attorney informs you of your employment rights and how to properly deal with any suspected or actual embezzlement in your company. It may be quite different when handling a suspected embezzlement by an employee as opposed to a congregation or synod volunteer. More often suspected embezzlement is first detected based on circumstantial evidence such as another employees report or through an audit.

Present the evidence and disciplinary measures to the employee in a confidential meeting. How you handle a case of employee theft can mean the difference between a simple matter and complex litigation. Conducting the Investigation It is rare for an embezzler to be caught by direct observation.

An employee may also insist on working late or never taking vacations. The action that you take depends on the circumstances and extent of the embezzlement. This should be an obvious point but your employees are innocent until proven guilty.

Give her a chance to resign. Workplace culture should support workplace policies to create an environment free of embezzlement and other employee misconduct. Set up specific policies in your employee policies and procedures manual to cover these situations.

Do I call the police. Document the action such as in a confidential email or memo to the employee. Embezzlement sometimes referred to as employee theft is the misappropriation of funds belonging to someone else but entrusted in your care.

Have one other person in the room to deter any aggression that may arise. She has a family and Ive been to her home many times for barbeques and birthday parties. Interview the employee suspected of the theft at the last stage of the investigation and have a witness present.

Use caution when recruiting. The best way to respond to employee theft is to prevent it from occurring in the first place. In the list above there are several behaviors that you can curb.

It is quite different handling a current ongoing embezzlement in comparison to one that is discovered involving a person no longer working on congregation or synod. In criminal prosecutions the prosecution must establish four. Document all interviews and obtain the signatures of the persons interviewed.

Embezzlement can be prosecuted as a criminal or civil fraud. If its a serious matter complex embezzlement fraud scheme high dollar amount your response is more likely to be. How to handle employee embezzlement First off you should NOT confront them with bold accusations.

Employee embezzlement is a serious issue that can devastate a company. Terminate the employee on the spot. Require employees to take a.

This is someone Ive known and trusted for over 10 years. If you ask an employee to explain why documents are missing then pay attention to how the employee. If you find an employee stealing its important that you handle it carefully so you dont expose your company to litigation.

In most cases termination is the most appropriate action that business owners and managers take. I suspect one of my employees is stealing from my company. Insist on references and validate them.

Each situation is different and as such no checklist or suggested protocol fits all circumstances. Take Appropriate Action If the investigation establishes that funds have been embezzled you should take the appropriate disciplinary action against the wrongdoers. I am sick over this situation.

You must have a policy in place that outlines procedures to be. Interview all witnesses individually and for current employees make a clear warning about their duty to maintain confidentiality. None of the above behaviors are proof of embezzlement.

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