EMBEZZLEMENT. I


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was a commercial insurance agent for 15 years. During that time, I was personally involved in the discovery, investigation and ultimately the prosecution of several embezzlement cases. One of the agencies that I worked for had an internal case of embezzlement. Each case was different, creative and required a lot of work to keep it going. When I started working in the HOA community business, I thought the days of hearing about employee theft and embezzlement were behind me.


Much to my surprise, I actually heard more about embezzlement cases related to selling resale disclosure documents in 7 years than in 15 years as an insurance agent. It pains me every time I’m talking with a management company owner and I bring up this topic only to hear, “that would never happen here”. Which is exactly what every employer who has had this happen thought, before they realized they had been deceived. It’s because of this that I am prompted to write this article.


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