What To Do If You Suspect Embezzlement

Episode length: 1h 7m  |  Published: 2021-03-22

You've noticed something. A number that doesn't add up. An employee who seems defensive when asked about finances. A patient who says they paid but your records show otherwise. What do you do next?

The steps you take — and the mistakes you avoid — in the first hours and days after suspecting embezzlement can make the difference between a successful investigation and prosecution and a situation that collapses before justice is served. Prosperident's David Harris, Amber Weber, and Wendy Askins walk through exactly what to do — and critically, what not to do — when embezzlement is suspected.

Topics covered include:

• The most important rule: do not confront the suspect before calling an investigator
• Why acting on suspicion too early destroys evidence and tips off the embezzler
• How to preserve the financial records and data needed for a successful investigation
• Who to call first — and who not to call
• What to tell (and not tell) other staff members
• How to continue operating your practice while an investigation is underway
• When and how to involve law enforcement
• What the investigation process looks like from start to finish
• How to protect yourself legally and financially during and after an investigation
• Realistic expectations: what outcomes are possible and how likely each is