employee fraud News

Oklahoma Man Admits to Embezzling $755K from Employer

An Edmond, Oklahoma, man has admitted to embezzling more than $755,000 from his employer and to tax fraud. Court documents show 74-year-old Odis Aubrey King admitted in a plea agreement that he wrote more than 200 company checks to himself …

Employers Using Robots to Catch Fraud in Expense Reports

It sounds like it should have been impossible to miss, but it took more than a year for an industrial equipment company to discover $12,000 worth of doggie day spa charges on an employee’s expense reports. Level upon level of …

Some Sage Customers Open to Data Breaches Because of Their Own Lax Security

Sage Group, already hit by an insider data breach this week, then found itself racing to shut down security lapses by more than 20 customers after a U.S. researcher uncovered stores of their corporate data exposed online. The British financial …

Ex-QBE Insurance Executive Sentenced to Jail for $2.6M Embezzlement Scheme

A former executive of QBE Insurance Group was sentenced on Thursday to 1-1/2 years in prison for conspiring to embezzle $2.6 million from the insurance company, some of which he used to buy a house and luxury vehicles. James Shea, …

Audit Reveals Lack of Controls at Louisiana Dept. of Public Safety

Louisiana’s Department of Public Safety says it has taken steps to address problems detailed in a new state audit, including a lack of financial controls that led to misappropriation of more than $69,000 by three Office of Motor Vehicle employees …

Portrait of an Employee Fraudster

Fraud Schemes Depend on Opportunity, Incentive, Rationalization It may come as a surprise to some that the typical fraudster in the workplace is not the bad-attitude ne’er-do-well that slinks off into the corner when faced with new responsibilities and additional …