4 Ways on How People Become Victims of Embezzlement

Embezzlement is a serious crime that most con artists get away with for a large amount of time. Embezzlement can be discovered when you check out things to see how legit that they really are. We can educate you on four ways how to discover embezzlement.

Social Security Against Elderly People

Embezzlement is discovered when someone takes the elderly persons Social Security money each month. They commit fraud when they steal the persons money from Social Security. Elderly people often do not know that someone is spending their money on things for their own enjoyment until it is too late. Social Security embezzlement is quite common among elderly people. Con artists consider elderly and disabled individuals easy targets to con money out of them.

Bank Employees

Embezzlement is often discovered when bank tellers take money out of the cash drawer. They usually tweak the numbers in the computer system and the logs in order to get more money. The little money here and there adds up over a certain amount of time. Many employees usually take money from the safe when no one is looking despite the rule of thumb to have three people count to verify.

Another method that embezzlement often happens when another bank employee uses the card of someone that is in a higher up secured trusted position in order to gain more access to funds. Bank employees are in a position of trust so people usually give out information without much thought about the person that sits behind the computer screen.

Attorney

Embezzlement happens when people steal their clients money. The clients don't notice the inaccurate amount until they go to retrieve it.. For Example, an Attorney can take more than their fair percentage out of a clients check without much notice from the client unless it is an extremely large amount of difference. Most people do not suspect an attorney would be capable of embezzlement. There are certain types of professions that people just trust the other person without needing to know much about them.

Accountants

Accountants are frequently known for taking money from companies that do payroll with the firm. They often tell the business owners that they are sending in the tax money when they really pocket the money. The clients do not notice any missing money until they are informed by the IRS through a letter. Clients often discover the embezzlement when they call the IRS directly. People need an accountant and have a false sense of security thinking that all of their personal information is safe with a CPA firm.