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Being a victim is something your business can not AFFORD!!

Being a victim is something your business can not AFFORD!!. By : Captain Rick Ollic Berkeley County Sheriff’s Office. How can Employee Fraud happen? . Stealing Money or Goods Falsifying checks or payroll, including creation of phantom employees Misusing company credit card accounts

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Being a victim is something your business can not AFFORD!!

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  1. Being a victim is something your business can not AFFORD!! By : Captain Rick Ollic Berkeley County Sheriff’s Office

  2. How can Employee Fraud happen? • Stealing Money or Goods • Falsifying checks or payroll, including creation of phantom employees • Misusing company credit card accounts • Taking Bribes or Kickbacks from suppliers or customers • Claiming overtime when it is not due • p.1

  3. How can Employee Fraud happen? • Embellishing expense accounts • Providing FALSE information about the company to creditors or investors • Stealing and selling company trade secrets • Giving friends or family unauthorized discounts on company merchandise or services • p.2

  4. Employee Screening • Safeguards during the hiring process • Criminal records check • Thorough checks from former employers • Contact references • Record checks for $25.00 through South Carolina Law Enforcement Division could save you thousands!

  5. Combating Fraud • Establish Controls • All bill pays should be approved by management • All invoices approved by management • Add signature line to financial statements to include initials and date/time stamp • Allow only certain printers to print financial reports • Protect against payroll fraud by using direct deposit, regularly checking payroll records and hand-deliver paychecks.

  6. Protecting Computer Systems • Antivirus software on all servers, laptops and desktops. (Check Daily and scan weekly) • Stay updated with software and security patches. • Firewall all computers and on networks install network firewalls • Boot Password to prevent access while away from your computer • Virtual Private Network (VPN) wireless networks

  7. Simple Safeguards • Always try to run transaction as a debit • When running as a credit always get a picture identification • If transaction is not approved do not complete the sale • Credit or Debit cards by phone always get 3-Digit security number on reverse side • ASKING QUESTIONS NOW CAN SAVE FROM CHARGEBACKS IN THE FUTURE!!!

  8. Safeguards for Check Payments • Show employees safety features on checks • Watermarks and micro printing • Fraud deterrent holograms • Person making purchase or cashing check does not match inquire why that is so! • Ask for two forms of identification • Accurately copy information from identification

  9. Counterfeit Currency • Banknote Detection Pens are not proven method for determining counterfeit money • Become thoroughly familiar with genuine note • All counterfeit bills are investigated by the United States Secret Service • Visit www.ustreas.gov.usss

  10. Questions • Detective Captain Rick Ollic Berkeley County Sheriff’s Office (843) 719-4423 Moncks Corner (843) 723-3800 (ext 4423) Charleston Area (843) 567-3186 St. Stephen Email rollic@berkeleycountysc.gov

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