Not all criminals look like monsters.
Even though most business owners would like to think that they are immune to victimization by employees, you need to keep your eyes open. Many people don’t like to think about these unpleasant truths, but avoiding them won’t help your business be successful. You can become a victim, and your own employees could steal from you.
White Collar Crime Watch spoke with a Securities and Exchange Commission whistleblower attorney who had some advice for us to share with you.
“Don’t wait until a whistleblower reveals the scam to stop fraudulent activity. By then, your company will likely have suffered catastrophic financial losses. You could even lose your business. Spot white-collar crime yourself and avoid the negative ramifications of large-scale employee theft.”
Some Signs That Might Indicate an Employee Is Stealing from You
The best way to protect your business is to be proactive in preventing fraud and theft from occurring. There are ways that you can protect yourself, and there are signs that you should be on the lookout for, which could indicate someone is trying to gain financially through criminal means.
Here are some of the signs that an employee might be stealing from you.
Always watch for unusual occurrences, especially when it involves money. Don’t write something off as a fluke or a simple mistake. Make sure that you look into the matter further to uncover what’s really going on.
Keep careful inventory. If you notice that inventory is going missing, implement a plan for how to combat this issue. You may consider having security cameras installed throughout your building or business. Not only does this help to keep employees honest, but it can also help you if you suffer a theft from an outside source.
Don’t allow employees to park their vehicles close to exits. This makes theft easier for them, and the temptation might be too much for them to resist. Also, ensure that back doors are locked at all times and not every employee is permitted to have keys.
Watch for strange employee behaviors. Are employees coming into the building after business hours? Has an employee gotten defensive when questioned about financial matters or other issues? Does an employee’s lifestyle not seem to coincide with his or her salary?
Be Proactive in Protecting Your Business from Fraud and Theft
These are just a few signs that you should be aware of that could indicate something untoward is happening. Before you confront an employee that you suspect of committing a white-collar crime, you may want to talk to legal counsel first. White Collar Crime Watch is here to help you protect yourself from becoming a victim of white-collar crime.