you do build a great experience, customers tell each other about that.
Word of mouth is very powerful."
are definitely a company’s greatest asset. It doesn't make any
difference whether the product is cars or cosmetics. A company is only
as good as the people it keeps."
Mary Kay Ash
is a positive cash flow." Fred Adler,
you’re passionate about what it is you do, then you’re going to be
looking for everything you can to get better at it."
"It was the best presentation on this
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“This course has been a wake up call to me, to keep my eyes wide open as my company grows in the future.”
Catch A Thief:
Protect Your Business from Internal Fraud
convicted felon shares his story and the steps you must take
now to protect your business from internal theft.
Senior Vice President
was so quiet you could hear a pin drop in the
normally chatty group of jewelry store owners.
The presenter spoke quietly, even a bit
nervously. His message, however, had everyone in
the room mesmerized. The topic was employee
theft, the venue a business performance group,
and the speaker, a convicted embezzler and
someone known to one of the members. Although his former employer was not a jeweler,
the circumstances and the impact of his actions
hit close to everyone one in the room.
speaker, whom I will call Ted, shared with the
group how he managed to steal over $500,000 over
the decade he was employed with a family-owned
food supply company before he was caught and
ultimately sent to prison.
started as an hourly employee doing odd jobs,
then graduated to warehouse worker, and
eventually worked his way up to general manager.
During the time he was employed, the company
grew rapidly from a $5m to $15m company. He
worked hard, often putting in over 80 hour
weeks. As the owners trust in him grew, so did
his responsibilities. The more time he put in,
the less the owners did. His stealing started
small, with a few supplies here and there out of
the warehouse. As Ted rose up the management
ladder, his opportunities and boldness grew. He
graduated to creating fake invoices, which in
turn, were paid by real company checks. He had a
partner on the outside of the company who helped
cash the checks.
was caught by chance, when one of the owners
happened to review the accounts payable. One of
his fake invoices happened to be on top of the
pile. The owner did not recognize the vendor,
and curiosity compelled to learn more. Things
started to quickly unravel and eventually the
magnitude of the embezzlement came to light. A
conviction resulted in a jail term of over 4
years, two of which were actually served due to
good behavior. He is now, he says, a reformed
man, who has created an honest and ultimately
much more satisfying life for himself.
key points to the group to prevent a similar
occurrence in their businesses:
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This seven-set DVD series was produced in front of a live audience, so you will see real people learning the same tools and concepts that your audiences will experience.
We’ve used the same blend of information, examples and humor in the DVD that are used in our live programs. You or your network members will come away with ideas and tools that can be put to use immediately to make, and keep, more money.
world renowned speaker, Steve LeFever, this DVD series is designed to allow you to tailor the concepts for your organization and to provide for the flexibility of this information to be delivered and taught in a variety of ways and time schedules.
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no one; Verify and cross check everything
give any one person too much responsibility
your employees fairly – pay people what they are
involved in the business and with your employees
let anyone else sign checks for you. Don’t use
a good example. If employees see you taking things
(supplies, etc) out of the company, they’ll think
it’s ok for them as well.
addition to criminal background checks on
prospective employees, do credit checks. Get them to
sign over permission to do so on their employment
a proper division of business functions between
preparing checks, receiving payment, making bank
deposits, signing checks, opening mail, and bank
a good, computerized bookkeeping system and
competent bookkeeper and outside CPA, who conducts
periodic security audits.
your costs and the benchmarks for your industry so
you can spot things that are out of alignment.
all employees on the negative impact of theft.
Solicit their support of and involvement in the
prevention and detection of theft.
give employee advances. Get rid of employees who
need them. If they are that close to the edge
financially, chances are they will be tempted to
you are a victim of embezzlement, by all means
prosecute. But spend your resources on a good credit
attorney who will be your best chance of finding
where the money went – so you have a chance of
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