Monday, April 23, 2012

Who Says Crime Doesn't Pay? Payroll Fraud Apparently Does

An Arlington South Dakota woman was given probation and jail time for embezzling nearly $300,000 from her employer by overpaying herself and others. The bookkeeper for an Arlington company received an eight-year suspended prison term, will serve 150 days in the Brookings County Detention Center and five years on probation, and pay $600 fines and court costs. She repaid about $250,000 and also gave them a golf cart (wonder when she had time to play golf). 

Again I wonder if there was anyone reviewing her work or was this another case of inadequate segregation of duties and placing blind trust in an employee. The fraud took place over a 5 year period. 

At least in this case they received restitution for most of the money stolen but the question remains why did she do it and what did she use the money for besides a golf cart (perhaps lessons)?

For the complete story visit here!

No comments:

Post a Comment