User:Louis advil/Employee fraud

Employee Fraud - The trend is costing North American business and consumers billions of dollars each year. We hear of employees stealing or trading company secrets and business plans, also known as white collar crime. A great number of employees have used the current economic cycle to justify fradulent activites such as submitting unaccountable expenses, purchasing personal affects on corporate cards, stealing laptops etc.

In the end these employees do get caught but large coporations are more likely to let these employees go for "cause" then take legal action to escape bad publicity.

In the end we business people and consumers end up footing the bill of these employee activities in the cost of the products and services we acquire from theses companies.

Had these companies put in place audit controls or done effective reference checks prior to hiring employees they would be able to save millions of dollars losses.

Please contribute stories you have heard for the companies you have or are currently working for. These cases maybe helpful for companies looking to control this outbreak of employee fraudulent activity impacting businesses of all sizes in North America.