re: Embezzlement and Naive Business Owners

I actually just remembered that the accountant from my previous employer was busted stealing. She got a company CC issued in her name and ran up charges on it. There were about 40 of us with company CC's and the CFO only saw the total bill to Citi and it was always within reason.

She got busted a few months into the theft when one of her purchases was flagged, and she forgot to change the contact person for the bank to call to her. It went to another staff member who blocked the charge and then the company looked into it.

Would have been caught in a few months anyways as our entire CC spends are audited each year.