Tuesday, January 17, 2006

Office Assistant Stole HOW MUCH?

Fraud Alert posted here a link to a press release of the USA for the District of Columbia that reports that a "former office assistant  pleads guilty to stealing $1.35 million from her employer."  According to the press release, "between January 1999 and October 2004, [this individual], who was then an office assistant for [ ] a Washington, D.C. based real estate management company, stole funds from her employer's bank accounts by issuing $1,354,376 in checks made payable to [her] or her creditors. To conceal her activities, [she] omitted material information from [the real estate companies] accounting records and removed cancelled checks from [their] monthly bank statements."

The government has been very focused on compliance programs for the larger businesses.  This case tells the story of why all companies need to have fraud-detection controls in place. How one person could steal 1.35 million over a five year period, without anybody realizing anything, is truly amazing.

(esp) 

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/01/office_assistan.html

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» Former Office Assistant Pleads Guilty to Stealing $1.35 Million From Real Estate Company from Embezzlement Lawyer
The U.S. Attorney for the District of Columbia has issued a press release announcing that Janette Faber, a former office assistant for Snyder Properties, a local real estate management company, has pled guilty to stealing $1,354,376 from her employer. The [Read More]

Tracked on Jan 18, 2006 2:33:17 PM

» Former Office Assistant Pleads Guilty to Stealing $1.35 Million From Real Estate Company from Embezzlement Lawyer
The U.S. Attorney for the District of Columbia has issued a press release announcing that Janette Faber, a former office assistant for Snyder Properties, a local real estate management company, has pled guilty to stealing $1,354,376 from her employer. The [Read More]

Tracked on Jan 18, 2006 3:18:43 PM

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