Employee Fraud

Article on Employee ruse/embezzlement/theft On January 20, 2010, Sujata go through Sachdeva, Chief finance military officer of Koss Corporation was charged with the pseud of embezzling of as much as $34.5 million from Koss Corporation. She was 46 historical period old occupier of Mequon, Wisconsin. In 1989, she was originally hire as a temporary with the organization and was promoted to Vice professorship of Finance with in a span of just nonpareil year. Undoubtedly, she was wherefore a passing respected and trusted employee of the Koss Corporation. consort to end of the investigations, Sachdeva authorized at least 206 player wires change of coin from Koss Bank rate to commit for her America press out source card bills and issued more(prenominal) than 500 cashiers checks from connection account to pay for her personal expenses. Sachdeva was already preoccupy with the idolise of exposure and knew would exit caught. So, she relied on her subordinates Julie Mulvane and Tracy Lee Malone to stand by her hold the pseud and apply to reconcile the cash shortfalls and fit the books. The misapplication got eventually spy when American Express notified Koss slightly the extraordinary large earnings transactions that were taking manoeuver on Sachdevas personal Credit card accounts.

Sachdevas plush lifestyle and will power of expensive properties also pointed towards something fishy. Sachdeva was arrested in celestial latitude 2009 after(prenominal) the resolving powers of an internal investigation were turn over to authorities. On July 16, 2010, she invocationded punishable to six counts of wire fraud in a plea agreement which also inevitable her to make bountiful regaining of about $34 million. Sachdeva was sentenced to 11 years in prison. Koss Corp. open fire both Mulvaney and Malone, although neither has notwithstanding been charged criminally. Koss well-nigh went let on as a result of Sachdevas embezzlement. I entrust all the three factors of caper Triangle- incentive, opportunity and systematisation were shew when above said fraud took place. Opportunity was the...If you hope to give-up the ghost a full essay, commit it on our website: Orderessay

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