U.S. flag

An official website of the United States government, Department of Justice.

NCJRS Virtual Library

The Virtual Library houses over 235,000 criminal justice resources, including all known OJP works.
Click here to search the NCJRS Virtual Library

Preventing Corporate Embezzlement

NCJ Number
Paul Shaw; Jack Bologna
Date Published
140 pages
After providing an overview of the prevalence, characteristics, motives, and methods of corporate embezzlement, this book suggests management defenses for embezzlement and provides a leader's guide to fraud awareness training.
The authors discuss embezzler motives, opportunities, and methods, along with how to recognize "red flags" of embezzlement. Chapters also address the law that pertains to theft, fraud, and embezzlement, as well as conspiracy, money laundering, internal investigations, and the liability that can attach to the company and its owner/managers for not taking steps to deter and detect fraud, embezzlement, and theft. The book instructs managers in how to fashion workplace theft policies and codes of conduct (sample policies are provided), along with ways to communicate compliance to employees. Chapters also describe how to establish cost-effective internal protection controls, including the use of employee pre-employment screening, physical security measures, and specific controls to protect financial assets. Readers are instructed in how to conduct audits of policies, codes of conduct, internal protection controls, and security systems; extensive audit and security checklists are provided. Further, the book describes how to conduct a thorough investigation of a possible embezzlement, who should guide the investigation, and the investigative team members. Other topics covered are how to manage embezzlement and theft risks with employee dishonesty insurance and fidelity bonding, when to provide notice of loss, and how to investigate and recover for losses. The book contains a communication and training package to enhance the effectiveness of an organization's compliance program. Also included is a training program with a leader's guide and a participant evaluation form, along with a script and a set of 24 presentations that can be used as "overheads" in creating a company-specific fraud and embezzlement awareness program. A 62-item bibliography and a subject index