fraud and embezzlement go
far beyond monetary losses.
Damages also may extend to
a school's reputation,
business relationships and
even a decrease in school
morale.
becoming a victim to fraud
does not have to be a major
undertaking but it does
require a conscientious effort
on behalf of school site
administration.
types of fraud include theft,
unauthorized purchasing,
paying false invoices,
submitting false
reimbursement claims and
the improper use of petty
cash.
is known as "lapping".
Typically, this scenario
involves holding back
collections and depositing
them to the bank at a later
date. Meanwhile an
individual may be taking
cash collections for personal
use, with or without the
intention of returning the
account. Eventually, as the
"borrowed" am
money continues to grow
the individual will attempt to
cover up the problem by
other fraudulent means.
From Fraud and Embezzlement
caused by fraud
and embezzlement
go far beyond
monetary losses..
money continues to grow,
the individual will attempt to
cover up the problem by
other fraudulent means.
Security and Embezzlement ................................
High School Dropouts ................................
Independent Contractors and Form 1099
and embezzlement
go far beyond
monetary losses.."