Most residents in New York have probably heard or read stories about people being accused of embezzlement or some other type of employee theft. However, just as with any time of criminal allegations, it is important to remember that just because someone is accused of a crime does not mean they actually committed a crime. There may be situations when perfectly legitimate acts or transactions are misconstrued as illegal or subversive conduct.
The Houston Chronicle indicates that small businesses in particular may need to pay attention to the problem of theft by employees. This may take multiple forms including the falsification of records related to expense reimbursements or usage of company credit cards. Even the small act of taking an envelope from the office in which to mail a person item may lead someone into trouble but then the onus is on others to decide if the action really was mal in nature.
According to CNBC, companies in the financial services industry seem to have a particularly difficult time with alleged theft schemes by employees. Because by nature these companies are involved in major financial transactions, people who work for these busineses may have a greater chance of being accused of misappropriating funds or other acts when in reality they are simply doing their jobs.
Vendor fraud is also said to be a big problem for businesses in the United States and a 2017 Hiscox Embezzlement Study actually suggests that more than $50 million was lost by U.S. companies due to this type of fraud.