No one starts by stealing a million dollars… but it happens. It has been our experience that employees steal small amounts of cash, products, items, assets, or contracts and slowly start to step up their theft habits when / if no one notices.
If no one pays attention to the theft, the employee may strengthen their scheme and begin to build up a network of accomplices to assist in the theft and hide the scheme from upper management.
We understand that theft from employees is something that can destroy a company. We also understand that when you discover an employee is stealing from your company, the first instinct and of action is to fire the employee. In our experience, firing an employee you suspect of stealing does more harm than good. We recommend to establish a termination process that is supported by evidence from a comprehensive employee theft investigation. Our team will help protect your company from legal action that a terminated employee could file against your company for: false or unprepared accusations, wrongful terminations, or get you in trouble for using illegal forms of interrogation.
Contact a professional. Our team will work to uncover employee theft, provide you with court admissible evidence, and protect your company assets.
Get peace of mind through a FREE consultation Call 214-536-2743
Signs of Employee Theft
Listen to your intuition, first and foremost. If it doesn’t feel right, contact us.
Aggressively Protects Connections & Clients
While this may be great with some employees who “value” their relationship to their client or connection, this is one of the top signs that an employee could be lying about expenses or contracts in order to cover up fraud or theft.
Picture this: An employee signs a contract with a vendor, who sells a service at a higher price and in return, the employee gets a “kick back” from the sale or contract agreement.
Excessive Work and No Vacation
Sounds great! An employee who is extremely dedicated to the cause. But this is also a sign of an employee that is trying to hide their work. Most employees who are committing theft get caught when their responsibilities get handled by another employee or manager. Usually, when they go out on vacation or they are sick.
The High Life!
If you find an employee who is taking expensive trips, has expensive tastes, or lives a lifestyle outside of their means – in other words, their salary should not be able to afford them the luxuries you are witnessing – is a quick indication that money is coming from a second source. While there are several legitimate sources for the added income, if the source of income is unable to be explained, it’s possible they are engaging in criminal or fraudulent activities.
Excessive Receipts or Expenses
This is often overlooked – an employee goes out on a business trip and they come back with a set number of receipts but some of the receipts are missing and they claim it / mark it off as an expense. Sales dinner, marketing expenses, business expense or purchase, etc. The expenses may not be that large – $100 or less – but these expenses can quickly add up and are usually warning signs of embezzlement when / if the employee moves up to higher positions within the company.