You’ll Never Guess How this Embezzler Was Caught!

You’ll never guess how this embezzler was caught! Former FBI man Tom Simon, now a Florida Private Eye, has the story. #truecrime

[@a32tl]

3 years for stealing millions of dollars is a slap on the wrist. She’s a thief and needs more severe punishment.

[@wlonsdale1]

She has to pay back every dime too.

[@glasshalffull2930]

⁠@@wlonsdale1 She’ll never, never pay back every dime. The company will be lucky if they get 5 cents on the dollar. I investigated financial crimes for 25 years and the victims rarely got anything back.

[@MrBrickboy38]

She will just declare bankruptcy when she gets out of jail. What a joke

[@glasshalffull2930]

@@MrBrickboy38 Actually, court ordered restitution is not cleared by bankruptcy.

[@MrBrickboy38]

@@glasshalffull2930 didn’t know that, but I still find it hard to believe if and how she will ever pay that money back. I appreciate your feedback though

[@johnparker2957]

“She wasn’t living large”; she was stealing $400,000 a year, what’s that if it isn’t living large. She wasn’t just buying groceries and didn’t her partner notice her spending?

[@SteveThomas7136]

I agree,That’s over a thousand dollars a day

[@simpleminded5215]

I had the same thoughts. Not living large and stole over 2 million in a few years. Wow, I must be dirt poor and to dumb to realize it.

[@oldsguy354]

I've been to Monroe NC. It's a beautiful charming place, but it's not Manhattan or Hollywood. 2.3 million over 6 years is living large.

[@10Sethg]

You seen grocery prices lately? $400k a year will barely get you steak on the weekends. Thanks Obama

[@ceciliapetrowsky2572]

Agree. Sounds pretty large to me.

[@KH-qy7fm]

I always wanted to be an embezzler but when I found out you can’t take vacations I said forget that!

[@kashigata]

Yup. Me too.

[@1AlexanderCole]

I’m way too lazy for all that!

[@R.Oates7902]

Lol!

[@denese3164]

2.3 million over 6 years IS living large to me…

[@R.Oates7902]

Agree

[@benploni7492]

It is for this very reason that the FDIC strongly recommends that bank employees be required to take an annual vacation of at least two weeks.

[@alanbrooke3237]

White collar crime is never PUNISHED

[@EikottXD]

3 years is a long time for a non-violent crime. I don't know what you're on about.

[@alanbrooke3237]

@@EikottXD It's a CRIME, 3 years minimum security prison. She'll do it again.

[@williamdiedrich3729]

@@EikottXD There are people who serve 10 year sentences for possession of a minor amount of marijuana.

[@craigwiester9177]

Issue a 1099. Get the IRS on her ass.

[@johnunderwood895]

If you won't increase the penalties for so-called white collar crimes, then you will get more of it. Remember, you can expect what you inspect!

[@M_SC]

Check out a limited podcast called red collar crime, about how when caught by other people they often turn to murder to cover up their white collar crime. It’s a bigger problem than you’d think.

[@civillady13]

That works out to $383,333.33 per year for six years and that did not increase her standard of living!?

[@garyfishel9612]

She probably gave some really great Christmas gifts! Ten years would be a more appropriate sentence.

[@MacPoop]

This is why almost all reputable accounting firms require a mandatory 2-weeks-long vacation per year just to keep the accounting houses in order

[@Onlythenarrowroad]

Another reason to have more than one person handling these types of positions. It should not fall on one individual, especially dealing with financials or other highly sensitive information such as personal information regarding employees. It’s called holding others accountable and fact checking. In the world of QMS, these areas are covered via the org chart.

[@maliquewilson7762]

It’s just sickening.

[@renel7303]

I worked for a small regional chain of women's clothing stores. I managed one of the stores. The owner was a total jerk and deserved any bad karma that came his way. When I finally quit I told the really sweet nice man that was the controller I couldn't understand why he kept working there. I soon found out. He left for an extended vacation to a country without extradition. He had been embezzling for a decade at least, more than a million total. This was 30 years ago. His last extraction crippled the company. It had to liquidate. The owner's wife liked to live large and divorced him immediately. Got full custody of the 3 kids as daddy was now broke with no job. Sad ending.

[@R.Oates7902]

There was a story on the news about a business owner who trusted his accountant with a signature stamp. (A stamp with his signature on it.) She stole millions of dollars from him. He ALMOST lost his business because of her! She was caught, of course!

[@learning1646]

God bless you sir ❤️🇺🇸❤️🇺🇸 respect sir ❤️🇺🇸❤️🇺🇸🙏

[@chestersleezer8821]

So just three years behind bars which means probably she will be out in around 18 months or less. Also having to pay back everything that she taken is a joke as well since that will not happen as well. Oh and $2.3 million over six years is around $383.3K per year that is a lot of retail spending.

[@alixp3411]

Thank you exposing her!

[@edwardcnnell2853]

This happened at a company I worked at in the 1970s. She was a nice lady, respected and well liked. Then one year she was off for two weeks, sick leave I think. She had exploited a flaw in the time sheet system and she processed the time sheets for her department. There was a gap between the employees submitting the time sheet, approved by their supervisors and submitted to the payroll department. She only ever worked 40 hours a week but wrote in about 8 to 10 hours of overtime every week. As much as 500 hours of overtime a year for years.

[@jhanes3791]

I worked with a lady who did the same thing.

[@Kevin-wj4ed]

Trust nobody with your money 😂

[@daveabbott]

My old boss, JC, always said 'Be suspicious of those who don't take their holidays!'

[@cliffmorgan31]

Happens all the time to Drs, Dentists, and other professionals….

[@nangel270]

Similar story where I’m from. Embezzler was never sick and held up as example to other employees because of it. A few employees were suspicious of something but labelled as jealous and petty because they had no actual evidence. Embezzler spent money on clothes and jewellery and bought expensive gifts for anyone having babies, getting married, retiring (basically buying favour). She didn’t plan though on getting VERY sick and having to take a short period of leave. The temp in her place noted the difference in revenue and started tracking. Turns out embezzler had taken MILLIONS in the 30 or more years she had been there. The business had struggled at times but management refused to entertain that their most LOYAL employee is what was causing it.

[@user-qr1dk9ud2s]

So if your already assuming that she'll never pay the debt why not just keep her in jail working in the laundry, or janitorial, or kitchen staff? Something is better than nothing

[@w1jim]

Because it costs more to keep her in jail.

[@kennethryesky417]

Time wounds all heels!

[@davidwagner1718]

This is chicken feed compared to the $40 million embezzlement recently uncovered at the Detroit Riverfront Conservancy. It is never safe for one person to have control over any two or more of the custody, authorization, and reporting of transactions.

[@anthonyburke5656]

My Father belonged to a club, the Bar Manager was well liked, the service great, prices good, he instituted a kitchen to provide a limited but good menu at good prices, this was the situation until the Bar Manager was a passenger in a serious car smash and ended up in hospital with a broken leg and broken pelvis. The Club hired a temporary manager, who, before he took over, had an external audit conducted (the club was audited each year but the incoming temp didn’t want to get accused of anything). The Auditor uncovered large scale systematic fraud, both on incoming food and booze AND receipts! Calculation was that the Bar Manager was defrauding/stealing at least $500,000.00 per year and probably a lot more.

[@carlariggs525]

how did she get away with embezzling for that long?? I thought companies did independent audits to ensure that didn't happen.

[@davidwagner1718]

That is a great misconception of an independent audit. While an auditor is required to design procedure with fraud in mind, an independent audit is designed primarily to form an opinion on the fairness of the financial statements, not to detect the actual presence of fraud and certainly not to guarantee that fraud has not occurred. Only about 6% of fraud is uncovered by independent audits. The majority is reported by coworkers of the fraudster.

[@brit1945]

Don’t need to force them to take vacations , just look over everything yourself or have another employee look over everything periodically to make sure it’s OK.

[@larryjanson4011]

a yearly audit by a third party corp will solve a problem like this.

[@selwynowen6213]

She got caught because she became greedy

[@jimseviltwin1]

No, she got caught for taking time off and the person covering for her spotted the embezzlement. Moral of the story: you snooze you lose.

[@DPBGMODELRAILROAD]

Hate to see what her back taxes are unless she reported it to the IRS on her 1040’s, there is a line for illegal income!

[@briankerr6333]

I reported a 56k employee cash theft 11 weeks ago to police and and I’m still waiting to speak to an officer

[@k.chriscaldwell4141]

Don’t interfere with their ticket writing and donut noshing time?!

[@bobbytheblade2550]

Lazy business owners employ thieves unaware. And remember, the culprits are easy to spot. They all breathe air and have access to money with no accountability.

[@StanWatt.]

A neighbour near me stole $21million from the oil company she worked for in Aberdeen, Scotland. She was only found out when she checked once too often to make sure the money had transferred.

[@neiltonks4627]

A company I worked for had a corrupt Finance Director who set up fake companies through which he invoiced his employer for fictitious goods and services and then, in his capacity as FD, approved them for payment. He only got caught when the company was taken over and the buyers did a detailed audit.

[@debr4613]

That's crazy!!

[@Sophiecjp]

Not living large? She took 2.3 million if that is not living large then I guess I really do not understand inflation….geez🤦‍♀️

[@mumblesbadly7708]

This is why you should avoid having the person responsible for the purchase orders also doing the accounting.

[@perfectionbox]

Geez, if you're stealing that kind of money, at least invest it in growth stocks so that you can really rake in the dough and quit working

[@shapingthoughts1974]

Stealing is not the trick. Not getting caught is the trick. 😅

[@Teri_Head]

Forcing employees to take their PTO is good internal control, it’s literally textbook

[@Davett53]

In the 1980s we fired a new employee for pulling that same scam. The guy got his job with amazing recommendations from his last employer, our boss was impressed and brought him in, giving him a starting wage higher than all of us, who were long time employees. Part of his trick was to stay late, claiming he'd take care of the day's receipts, as he claimed he was an accounting maven. This was before computers, when we still wrote up orders by hand, on simple printed receipts. We all smelled a rat from day one,.....but our boss, didn't see it.

[@Ken15643]

Good outcome. I like it when things resolve themselves.

[@SaraSue24]

Beware of the "star" employee.

[@billsteele495]

That’s why banks REQUIRE employees take off 2 consecutive weeks…..

[@zekelucente9702]

Many large companies irregularly rotate their purchasing agents to avoid embezzling and kickbacks.

[@LeaderLink]

Internal audit 101. Leaders can ensure the eliminate the potential embezzlement by requiring every employee to take 5+ consecutive days off every year.

[@eamonfire]

It's good that she has to pay back what she stole - too many people get jail then come out to bask in their ill gotten gains.

[@joanneadamovich8114]

Seems like you are giving good advice.

[@denisezaleski7504]

I am so very proud of you pleased I am sick and tired of people that take advantage of good honest folk.

[@donj2222]

"Hit the dislike button twice just to be sure." Good joke!

[@stavmgoo1575]

We had an accountant printing off fake invoices and envelopes and set up bank accounts for depositing, the fake invoices came in the mail and he paid them, our GM figured it out by old fashioned work

[@timdowney6721]

Not a bad reason to pay auditors.

[@Victoria-lis]

Nice video, I'm still struggling with the end of my 7-year relationship. My significant other, who I considered to be the love of my life, left me a month ago, and I can't seem to shake the constant thoughts of her. Despite my efforts to bring her back into my life, nothing has worked, and I feel frustrated and hopeless. I've tried to move on, but my heart still longs for her, and I don't see myself with anyone else. I apologize for sharing this here, but I just can't seem to stop missing her.

[@kbfamilyp]

It’s difficult to let go of someone you love. I went through a similar experience some years back with my wife. I tried everything to get her back, but all failed until I met a spiritual counselor who helped me

[@Victoria-lis]

Really? how’d you get a spiritual counselor, and how do i reach her?

[@kbfamilyp]

Her name is Maurice Gleti. She’s a great spiritual counselor, and I’m certain she can help you too.

[@Victoria-lis]

Thank you for this valuable information, you saved me a lot of stress.

[@Kevin-wj4ed]

When you stole from the mafia they take a hammer to you hands!!!!!!!!

[@garlandtx10]

Yes go to prison where your labor can be sold off by the private security firm and they don't have even share any of it with you, while your victims wait for you to reimburse them. If you can't see the issue here you're part of the problem.

[@rustybarrr]

After she gets out of jail, they oughta promote her. Yes, she was stealing, but just think of what she could do for that company if she put that evil mind to good uses. 😂

[@EJR-380D]

Well if she was in law enforcement, other employees would have continued to cover up her crime… She would have been put on administrative leave and the prosecutor would not have done anything.

[@monikaw1369]

Law enforcement…shouldn’t that be politics?

[@wlonsdale1]

​@monikaw1369 how so?

[@snopro2375]

​@@monikaw1369Should be both fields actually.

[@jbc6980]

That’s the kind of thing cops do get prosecuted for. It’s the civil rights violations that they always skate on.

[@renel7303]

At least be accurate. That would be PAID administrative leave.

[@M_SC]

White collar can turn to murder easily enough if the wrong person at the wrong time and place finds out or confronts them. Check out the podcast “red collar crime”. I am not associated with it but it was very educational to me

[@jonjon621]

Thats the joke again.3 years only given by the judge..😢😢😢😢😢😢😢

[@edwardantrobusjr2253]

3 years for embezzling over $1,000 per day for 6 years? The court must be full of democrats. 😢

[@larryjanson4011]

if i did that i would have a bank account in another country. - were the irs or any other government agency of the US could not get it. and have a way to get out of the USA. this way no prison time. and i could live good is that other country.

[@am-vy1fb]

Believe all women 😊

[@3rdlorddiy903]

It’s simple, check and verify every week with their knowledge, just to make it difficult by the fact that they know they’re being watch and it they still attempt, it can only go on for less than 5 days of work...

[@souria25]

that is not bad 3 years to make $2.3 M. where else would you make that. I think she did great. I wish I had her job.

[@slshusker]

See Corsicana Fruitcake company...

[@thor4644]

Donut money

[@jimseviltwin1]

What do I think ? She was cooking the books like Trump- they both got caught red handed- one’s s in the slammer the other is the darling of the Republican Party. I can’t really print what I think, this is a family video.

[@CB-vt3mx]

wrong much? Yes, yes you are. Trump is many things, but likely not a thief...a loudmouth...yep...sleazy personal life...yep...but not a thief. Unlike the current POTUS...who is and has always been a thief.

[@paulhart5112]

I know a woman that done exactly the same thing she got caught and convicted she served in 21 years Embassy 1 million

[@larryjanson4011]

even a the so called “interest” in a saving account in 21 years that will add up to a great retirement. but if invested right the irs can not touch it. and you retire in a country the US cannot get you sent back from.