WebMay 29, 2024 · 3 out of 4 employees admit to stealing from their employers at least once. Nearly 40% (37.5%) of employees have stolen from their employer. 3 out of 10 employee theft cases lasted for more than five years. Employee theft cases lasting more than ten years cost an average loss of $5.4 million. WebSimply put, embezzlement is stealing money from a business, usually an employer, from a position of trust. An example of embezzlement is cashing a forged check. Another example of embezzlement is overbilling a customer. Embezzlement is a felony subject to harsh penalties under federal law.

Employee Theft in The Workplace Complete Guide Wirehouse

WebTheft in the amount of $1000 or less usually classifies as “petty theft,” a misdemeanor punishable by modest fines and jail time of a year or less. For larger amounts, the charge is usually “grand theft,” a felony offense carrying heavier fines and more prison time. And of course, you’ll be expected to repay what you stole. WebIn exchange for this result, employers may even agree to part company with the suspected employee without even a mention of the theft (or termination) in the employee’s record. … face laughing emoji

What NOT to Do When an Employee Is Stealing Kiplinger

WebTwo employees arrested, charged with theft of over $450,000 from Chester County doctor ... 2024, Zeigler allegedly used various credit cards to steal $108,302.00 and would send money to both of ... Web2 days ago · WEST CHESTER — Two former office workers at a West Chester doctor’s practice have been charged with stealing more than $450,000 and using the money for personal expenses. WebThe stolen property's value is often what determines if the crime is a felony or misdemeanor. In order to be a felony theft, the value of the property must exceed a minimum amount established by state law, typically between $1,000 and $2,500—often referred to as the felony-theft threshold. face layered haircut