Statistically, at least 40% of all (if not more), dental practices will be the victim of employee embezzlement. Employee embezzlement has an enormous financial and operational impact on a dental practice. However, there are many signs that employee embezzlement may be taking place. Here are some of the most common warning signs of employee embezzlement:
• An employee is having financial difficulty
• An employee’s changes in personality
• An employee with newfound wealth
• An employee is always first to arrive and last to leave
• An employee who is very controlling
• An employee who is taking work home
• An employee who is resistant to change
• An employee is constantly working overtime without sufficient reason
• An employee who never takes vacation/sick/personal days
• An increase in past due accounts or a decrease in collections
• Co-worker complaints about a specific staff member
• Inconsistent financial records
Employee embezzlement can be very difficult to discover. Therefore, it is important to look for several warning signs regarding an employee’s behavior.
Author(s)
Stuart J. Oberman, Esq.
Stuart J. Oberman is the founder and President of Oberman Law Firm. Mr. Oberman graduated from Urbana University and received his law degree from John Marshall Law School. Mr. Oberman has been practicing law for over 30 years, and before going into private practice, Mr. Oberman was in-house counsel for a Fortune 500 Company.
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