Why embezzlement is more frequent at small businesses
Embezzlement can rock a company to its core. Often, the largest sums of money stolen from companies are taken by those in positions of authority. When a company loses money at the hands of its leaders, not only are investors and board members affected but rank-and-file employees quickly lose faith in the company as well. The effect can be much more traumatizing at a small company. That’s why a recent study was so shocking: It found that more than 80 percent of embezzlement thefts occurred at companies with fewer than 150 employees, and nearly 50 percent occurred at companies with fewer...
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