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Employee Theft: More Or Less by Bob Cumberworth Retired CPA
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uper Bowl Sunday finally arrived. I was anxiously awaiting the kick-off and the commercials. With only five minutes to go, the phone rang. Should I answer it or let the answering machine take it? On the final ring, I decided to grab it. I knew I could get rid of this person quickly and not miss the kick-off. That phone call was disturbing news about a person from my past with whom I‘d grown up. Had I heard that he and his wife were charged with stealing from their company? I hadn’t seen or heard from this person for over
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By taking some simple precautions... you can decrease the likelihood of becoming a victim.
15 years and they lived in a state far from me. But that call, which caused me to miss the first quarter of the Super Bowl, intrigued me. With the information I’d been given, I searched the internet. I discovered that this person had destroyed a company and caused over a hundred innocent employees to lose their jobs through his fraudulent actions. He was given the maximum sentence of seven years in prison and required to repay $750,000. His thievery cost the county in which he lived and worked nearly $2,000,000. T e x a s
D e a l e r
February 2021
