Embezzlement schemes can be avoided if you know what to look for. Some simple embezzlement schemes involve employees stealing company checks and then forging them, making the checks payable to themselves and then, if caught, they claim that the company owed them those funds.
Bookkeepers embezzle funds by all types of schemes.
In a similar type of scam, there was a woman who stole fifteen checks while she was employed by an insurance company. She forged these checks and deposited them to a fictitious account, which she soon liquidated. Such rip-off scams can be prevented with the proper accounting practices in place. This book reviews accounting practices which should be in place in all businesses. After discussing embezzlement schemes and many other fraud scams, each chapter ends with a checklist offering proactive steps which can be implemented immediately to protect your business and financial assets.