How To Prevent Embezzlement

Do you believe embezzlement would never happen within your business? Well, unfortunately, the chances of it happening to you are actually a lot greater than you think. In fact, 75% of dental practice owners will experience embezzlement in their office before their career is over.So what can you do to prevent embezzlement, and what are the signs that you should look for to see if this might be happening to you? The team at Edwards and Associates is joined by David Harris. David is a Certified Fraud Examiner and a Licensed Private Investigator, certified in Financial Forensics. He’s also the author of Dental Embezzlement: The Art of Theft and Science of Control. David discusses what every dental practice owner should understand about embezzlement and the two types of people who decide to take money from their employer.He also discusses the signs you can look for, including behaviors, or things going on in someone’s life that may make them a prime candidate to embezzle. Plus he talks about what you should be looking at in your practice on a frequent basis to make it harder for someone to take money from you.This is definitely something you shouldn’t be sitting on, thinking it’s not going to happen to you, and as your practice starts to grow, the greater chance you have of becoming a statistic. If you’re interested in learning more about David, visit: www.prosperiden.com or call: (888) 398-2327.If you have specific questions about embezzlement or if you'd like to have another question answered on a future podcast, please reach out to the Edwards & Associates team.