Preventing Internal Embezzlement and Employee Fraud

  Product ID : MORR-0005

  Level : Intermediate

  Duration : 60 Minutes


Morris A. Nunes is an attorney in his 42nd year of private practice concentrated in representing businesses and associations. Maury’s law degree is from Georgetown University and he completed undergraduate work at the University of Pennsylvania, where he earned two degrees, with three majors in four years: a Wharton degree in finance and accounting, plus a B.A. in political science. Maury taught in the law schools at Catholic University and Georgetown as well as in Georgetown’s MBA Program. To date he is the author of six books on business and legal subjects, including Basic Legal Forms for Business, Designing Profits and Balance Sheet Management, as well as dozens of articles in professional and financial publications, and minicomputer programs for investment and tax analysis. He is admitted to the Virginia, Georgia, Maryland, and District of Columbia Bars. He is a regular lecturer for continuing legal education programs recognized in most States.

Each year, crime statistics show employee theft and embezzlement costing businesses and organizations billions, with new, more sensational stories appearing all too regularly in the Press. The pervasiveness of these crimes means no employer – whether for-profit, non-profit, governmental or religious–can count itself as immune. Moreover, embezzlement and fraud also occur as insider crimes by partners, officers, and co-owners. This Seminar provides critical information for preventing and detecting fraud.

Learning Objectives

  • How to minimize the risk of embezzlement and insider fraud
  • Key areas in which employers are most vulnerable
  • Ways to spot potential and actual perpetrators
  • How the kind of organization may dictate certain strategies
  • How to maximize recovery if you are a loss victim
  • How to integrate combating strategies to avoid undue interference with operations

Areas Covered    

  • Scope of the risk and Potential Losses
  • How to Identify Assets at Risk
  • How to Identify Insiders at Risk
  • Common Theft & Embezzlement Techniques: Avoid the Traps
  • How to Establish Meaningful Internal Controls
  • Internal Statistical Monitoring
  • The Legal Framework & Insider Rights
  • Recovery Procedures for Victims
  • Effective Communications for Promoting Cooperation
  • Cure Worse Than the Disease: How to Avoid Hamstringing Operations

Course Level - Basic to Intermediate

Who Should Attend

  • Managers overseeing employees
  • Managers responsible for hiring
  • Disciplining or terminating employees
  • Human Resources Personnel
  • Business Owners
  • Non-Profit Senior Executives
  • In-house Counsel
  • Purchasing Agents for services
  • Labor Union Executives
  • Labor Union Representatives
  • CPA’s

Why Should You Attend

Any organization in which two or more people have access to control over any kind of asset is a potential target of insider crime. Regrettable but true, good, loyal and trustworthy people can change their stripes for a variety of reasons. Roughly one-third of business bankruptcies are due to employee crimes. Just as cybersecurity has become an essential business activity, active prevention, detection, punishment and (if necessary) recovery against insider crimes is equally essential.

  • $200.00


Recorded / Download Access