Rolling Deposits – Uncovering the Granddaddy of Cash Fraud
The Shift Manager of the fast food restaurant sat in his car, under a shade tree in a parking lot. On the floor board are unused disposable deposit bags and a used deposit bag that had been sealed with...
View ArticleEmployee Theft – A Trio Succumbs to the “Triangle”
Losses to restaurants can occur from just about anywhere. We talk about cash stolen from registers and from customers by a multitude of internal fraud schemes. Food losses can mount from poor inventory...
View ArticleFinancial Controls Somewhat Limited
This article from Monroe, LA reports the theft by a city worker. She worked at a city park venue where she collected the payments for lodging and shelter rentals since 2004. When the payments were...
View ArticleBurglary v. Robbery – Which is Which?
The article headline stated “Restaurant Robbery May Have Been an Inside Job”. A headline like that usually grabs my attention. It detailed a Subway’s front glass had been shattered and cash stolen from...
View ArticleCash Is No Longer Good Here
Two weeks ago I wrote about a city employee in Monroe, LA who stole thousands of dollars from her employer while collecting cash payment for lodging and shelter rentals at a city facility (see...
View ArticleEmbezzlement: Employee Theft in the Big Leagues
The 2010 Marquet Report on Embezzlement was released recently. It’s an annual study on major embezzlement cases in the United States over $100,000. In what has been described as a banner year, 485 such...
View ArticleWhat makes you say that?
I met with a potential client this past week. It was a referral from a current client thatknows I can help this business with their many in house “issues”. The manager of the business said that...
View ArticleDon’t wait ‘til Halloween for ghost hunting
The assistant manager was in charge of inputting hoursworked by employees into the back office system. She was very diligent in making sureemployees were paid accurately and that the employees were...
View ArticleThe art of building a bank
It has nothing to do with concrete blocks and mortar.Cranes and bulldozers are not involved, and it has no reference to the facilitywhere you make your deposits or take out a loan. The first time you...
View ArticleA leopard that couldn’t change its spots
The adventure usually begins with a notice from the bankthat a deposit was either short or is missing. It triggers questions of who was supposed to have taken it to the bankand when. When the...
View ArticleWrestling with a Million Dollar Baby - Skimming
The restaurant industry is rife with ways to loseprofitability. Just when you think youhave things buttoned up, a new twist comes along that can threaten yourbusiness and you may not even know about...
View ArticleEmployee Hotline – Avoid Passing in the No Passing Zone
Jeremy has been working in the restaurant for a few months, usually after school and weekends. He’s learned every station in the kitchen and even works as a cashier whenever needed. Several of his...
View ArticleCredit Card Skimming – A Business and Customer Nightmare
“Hey man; how do like your job at that fast food place?” “It’s alright. It gives me a bit of cash for some bills, and I get to eat for half price.” “So, do you work much in the drive-thru?” “Yeah,...
View ArticleWhy My Employees Won’t Steal From Me – 5 Myths
The statistics are staggering. The latest National Retail Security Survey states that 45% of losses to retailers are attributed to theft by employees. The Association of Certified Fraud Examiners...
View ArticleSay It Ain't So - The Bogus Robbery
The restaurant manager’s home phone rang. She recognized the cell phone number of her shift manager on the display. Before she could say “Hello” she heard a loud, frantic voice declaring, “I was...
View ArticleYour Tolerance for Cash Shortages – Bearable or Terrible?
If you lost 5% or more of your sales and it just can’t be explained how it occurred, would it bearable or terrible to the financial health of your business? Shortages in cash may be somewhat...
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