Employee Theft Costs All of Us

Employee Theft is an expense to all of us.  The U.S. Chamber of Commerce estimates that theft by employees costs American companies $20 billion to $40 billion per year.  By definition it is any stealing, use or misuse of an employer’s assets without permission. 

Employee Theft is an expense to all of us.  The U.S. Chamber of Commerce estimates that theft by employees costs American companies $20 billion to $40 billion per year.  By definition it is any stealing, use or misuse of an employer’s assets without permission.  Assets imply that employee theft involves more than just cash.  In many industries there are many more important things that an employee can steal.

Below are just some of the ways employees can steal from their employers:

  • Money– Depending upon the industry the most common asset stolen from an employer.
  • Time – This situation occurs when the employee is paid for time that they did not work either through falsifying time keeping documents or not working while on the job.
  • Supplies – Employees will take office supplies or restaurant supplies.  Examples include pen, paper, computer, food, etc.
  • Company Property – These are items that are taken to be sold.
  • Information – Stealing product designs and trade secrets.

As experienced Private Investigators we have worked numerous cases of Employee Theft.  An example of some of our most memorable cases include, but are not limited to:

  • A large tire manufacturer had major issues employees stealing tires by throwing tire over the fence and then selling them at a later date.  We established a nightly  surveillance which resulted in arrests and 3 indictments.
  • A cardboard trucking company hired us to perform surveillance and observe if and where they were losing product.  We observed and documented several instances of individuals stealing cardboard off of the truck and putting it on their personal pickup trucks to be sold elsewhere.
  • A large Upstate company had employees that were stealing copper and other precious metals in various creative ways.  We placed an investigator undercover in addition to surveillance and the problem was solved.
  • A small business owner who had an employee who had been with him for over 30 years in the capacity of Office Manager.  In the last few years she was with the company she embezzled over $400,000.00.  It almost bankrupted the company.  A confession, arrest, conviction and termination were made based on our work.
  • In the food service industry steaks were being stolen by the drivers for their personal use.  The warehouse staff acted as an accomplice by overstating the load a/k/a salting the load.  Confessions, arrests, convictions and terminations were a result of our investigation. For more information, visit http://www.corporateintel.biz/
Dan Garrett

by: Dan Garrett

Crucial Investigations

When Experience Matters If you are thinking about starting an investigation, chances are, someone has broken your trust. Whether your case is a domestic or corporate one, you probably feel betrayed and vulnerable. The last thing you need is a private investigator who promises something they can't deliver. Crucial Investigations is a company built on trust. You can trust us with your case and feel confident that we will conduct the bet possible investigation to find out the truth. We don't guarantee anything we can't deliver. But we do guarantee the best investigative services available. Dan Garrett Dan Garrett is a former SC State Trooper who is well known and respected in the community. He has over 25 years experience as a Private Investigator specializing in all areas of domestic and corporate investigations. His proven track record and experience enable him to give your issues the individualized attention they require as no two cases are alike. Frances Garrett Frances Garrett received her BA in Finance from the University of Central Florida and is a licensed Private Investigator with over 8 years experience in all areas of domestic and corporate investigations. She specializes in research and background/asset searches.

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