Alex How does an employer find out about embezzlement?
More often, suspected embezzlement is first detected based on circumstantial evidence, such as another employee’s report or through an audit. In such cases, the employer should move quickly to investigate and discipline the employees involved. One of the first things an employer should do is talk…
Can a company garnish an employee for embezzlement?
The Employee Retirement Income Security Act (“ERISA”), as construed by the courts, prohibits any type of garnishment, attachment, or constructive trust remedy by an employer with respect to pension and profit-sharing plans covered by ERISA, even in cases involving a terminated employee’s embezzlement against the employer.
What happens if you make a false accusation of embezzlement?
Embezzlement is a serious accusation, and making a false assumption could land you in legal trouble. When you suspect embezzlement, consult with an attorney and law enforcement to get specific advice on how to proceed. Embezzlement is treated like any other crime of theft, and there are no specific laws regarding employee theft.
Is there a law against embezzlement in the US?
Embezzlement is treated like any other crime of theft, and there are no specific laws regarding employee theft. However, many local law enforcement departments may not have the resources to investigate white-collar crime.
More often, suspected embezzlement is first detected based on circumstantial evidence, such as another employee’s report or through an audit. In such cases, the employer should move quickly to investigate and discipline the employees involved. One of the first things an employer should do is talk…
The Employee Retirement Income Security Act (“ERISA”), as construed by the courts, prohibits any type of garnishment, attachment, or constructive trust remedy by an employer with respect to pension and profit-sharing plans covered by ERISA, even in cases involving a terminated employee’s embezzlement against the employer.
How can you tell if someone is embezzling from the till?
If an employee is regularly, systematically stealing from the till, regular problems can be how they’re covering up the theft. Some of these signs read like a Rorschach card: behaviors that could mean a lot of things, including embezzlement.
What to do if someone is embezzling money from your company?
Even after you fire the embezzler, be cautious of how you speak about them in their absence. Lawsuits have succeeded on lesser things. Do Not Contact Law Enforcement…yet. This will panic your staff and make it much harder for you to catch the embezzler.