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The Valley Current®: Are embezzlements and other thefts increasing?
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It doesn’t matter if you work for a boutique company or the biggest, most well-known global organization, when the numbers don’t add up, the unfortunate answer could be embezzlement. Over in New Jersey, John Dunlea and his wife Nicole Alexander were charged with embezzling more than $1.5M from the McElroy, Deutsch, Mulvaney & Carpenter law firm over the last 5 years where they both held financial roles. The couples’ scheme was found to be guilty of failure to pay taxes and theft by deception in which they gave themselves bonuses and charged personal flights and more to the law firm. With tax season just getting started, host Jack Russo and CPA Steve Rabin discuss better accounting and payroll practices, and training staff to catch phishing scams that target big firms.
Learn more about the McElroy embezzlement here: https://www.law360.com/articles/1803460/attachments/0
Jack Russo
Managing Partner
https://www.linkedin.com/in/jackrusso
"Every Entrepreneur Imagines a Better World"®️
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