Embezzlement charges are rendered on any staff of a business that creates a false invoice for personal financial gain. This is a criminal offence and punished by competent courts of law. The consequences of these charges are severe and this is why businesses keep a team of qualified embezzlement consultants to look after their financial matters in the regard. Of course, proper evidence is needed to prove charges against the accused and it is important for businesses to have attorneys to fight their case too. In case, the accused is found guilty, the individual is responsible for the financial damages that he or she caused to the business.
What does the expert say?
Steve Sorensen is an experienced financial and embezzlement consultant. He is also an esteemed business coach in the USA and his company Enlighten 360 has been helping many Fortune 500 companies to improve their sales performance and achieve consistent revenue. He has a team of embezzlement consultants that help his clients understand the nature of this grave offence and how they can prevent the occurrence of the above protecting the financial assets of the company. He says that most people in the high posts of the company or business are mostly involved in embezzlement. They have access to the accounting records of the business and this is why the charge is also referred to as the “white collar” crime. Mostly you will find that people who are managing the affairs of the business are involved in this crime.
The Steve Sorensen Embezzlement team mostly makes its clients aware of this crime and suggest ways and means via which it can be addressed. Most of the embezzlement crimes are created with false billing. Here the individual concerned sends false bills to clients of the business, The book-keeping procedure of the company may be careless and not monitored. The team of experts often suggest this is what the individual takes advantage of and the company or the business suffers financially.
How does an individual embezzle money?
The team adds that most of the time these invoices will instruct the clients to send their checks to post office boxes. Once the checks are sent, the individual picks up the check and later deposits it into different accounts. This takes place on a regular basis till caught- if smart enough the individual might not be caught ever!
Once the crime is discovered, the individual is arrested and this results in a trial. The crime needs evidence to be proven in a court of law and this is why it is important for the business to have the right lawyer who is skilled in the niche of embezzlement. The lawyer has the onus to prove the fact that the individual had the intention to cause the crime and steal profits from the financial accounts of the company.
The Steve Sorensen Embezzlement team of professionals add that every business must have a stringent accounts and financial system. The system should be checked in order to ensure that the cases of embezzlement do not occur and make the company suffer!