04/22/2021
If you own a small business, you're 10 times more likely to be embezzled than a major corporation. And the thief will most likely be the last person you'd expect: a trusted bookkeeper or family member. Cheryl Wilson Obermiller, CEO of her own construction company, tells the harrowing story of how her trusted friend and bookkeeper, a woman with whom she exchanged birthday and Christmas gifts, embezzled more than $1million over several years. She shares lots of practical tips on how to avoid being embezzled or assigned to your own FBI agent, like Cheryl was when the long, painful investigation began. You can start watching at the 8:00 mark.
Fraud and embezzlement is often times the last thing on a small business owner's mind, but did you know, single check forgery is still one of the biggest thr...