Many businesses are affected by employee fraud every year. In fact, over 7 billion dollars are lost every year because of these employees. There are several ways that an employee can commit fraud. It is important that business owners know about these types of fraud as there are very few businesses that are immune to the problem. Advanced Private Investigator and Security of Miami, FL is here to shed some light on different types of employee fraud.

How Can Employees Commit Fraud?

When you won and run a business, you would like to think you can trust the employees that you have hired. Unfortunately, this isn’t always the case. It is important that business owners are away of the ways that an employee can deceive them in the form of fraud.
– Payroll Fraud: An employee may be claiming that they worked longer than they actually did and may even ask for an advance in pay with no real intent to work those hours. Other employees may claim overtime hours that they don’t deserve to claim. The ultimate payroll fraud is the creation of a phantom employee that doesn’t even exist.
– Stealing Cash: There are some businesses that may fall victim to this easier than others. Stealing cash can be done by an employee creating a customer refund without actually refunding to an actual customer. Also, cash sales may not get recorded so the employee can take the money.
– Procurement Fraud: An employee may order goods or supplies needed for the company and actually taking them home. Some employees go as far as to create phony vendor account.
– Worker’s Compensation Fraud: Faking an injury to get worker’s compensation from a company is a huge form of fraud. Some employees also claim that an injury took place on the job when it actually happened somewhere else.
– Health Insurance Fraud: Some employees will team up with providers to submit claims for health services and medical treatments that never actually happened.
– Asset Misappropriation: Employees can take advantage of expense accounts, company vehicles, company credit cards and more to line their pockets. Using company credit cards to purchase person items or writing company checks for personal use are all going to fit under this category.
– Data Theft: Sometimes, employees will try and steal company information and sell it to competitors. In a world that is filled with everyone’s data, employees can benefit from and profit from selling it. This may even come in the form of selling a customer’s personal information or stealing business plans and tech information.

Private Investigator & Security Services in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton, Weston, Plantation City & Miami Gardens Florida

If you have been subject to any sort of employee fraud, it is important that you have proof to be able to move forward with any sort of case against them. At Advanced Private Investigator and Security of Miami, FL, we have a team of private investigators that will help you gather than information that you need to move forward. Call us today!