- Employee theft costs businesses around $50 billion each year.
- 57% of fraud is committed by company insiders or a combination of insiders and outsiders.
- 22% of small business owners have had their employees steal from them.
- The average dishonest retail employee costs their employer $1,551.66
- The average embezzlement incident leads to $357,650 in losses.
Staggering statistics, to say the least. Employers are often not equipped to launch complex and sometimes lengthy investigations. Police departments are unfortunately inundated with so many cases it is difficult for them to assign detectives to long term internal cases that from a global perspective represent what they may consider a sizable loss or the likelihood of a successful criminal prosecution.
Employment Check investigators have successfully pieced together prosecutable theft and embezzlement cases for more than 20 years. A gathering of facts via investigative best practices and in compliance with all state, federal and germane labor laws are conducted. Once the body of the crime is defined investigative interviews of the culpable employee(s) is often conducted which routinely lead to the identity of additional suspects.
Losses and/or cost of the investigation can often times be recovered through a civil compromise agreement or fidelity insurance coverage.
