Embezzlement never takes a holiday

If you have concerns along this line for your business or organization, contact me.

benson.dana@gmail.com

Read through other blog entries to gain a more complete understanding of internal controls that can prevent and detect this sort of thing.

Bookkeeper charged with embezzling more than $150,000 from 2 Lincoln County businesses

From the 12/23/2015 Portland Press Herald:

CorsonJoseph Corson is accused of overpaying himself and using the companies’ credit cards for unauthorized purchases.

A bookkeeper in Lincoln County who allegedly embezzled more than $150,000 from two businesses in Bristol was arrested Tuesday and charged with theft.

Joseph Corson, 51, of Bristol, an employee of Ideal Septic and McPhee Enterprises since 2001, allegedly overpaid himself and used the companies’ credit cards to make unauthorized purchases over the past 10 years, said Lt. Michael Murphy of the Lincoln County Sheriff’s Office in a press release. The owner of those businesses noticed discrepancies in his books and notified the sheriff’s office.

Corson was arrested Tuesday at work and taken to the Two Bridges Regional Jail in Wiscasset, where he was later released on $25,000 unsecured bail. Murphy said the investigation is continuing.

Ideal Septic Service, which started doing business in 1998, offers septic tank pumping and portable toilet rentals. McPhee Enterprises is a plumbing service.

The article says: The owner of those businesses noticed discrepancies in his books and notified the sheriff’s office.

Well, it took 10 years for for the owner to notice. Good luck getting any restitution.

 



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This entry was posted on December 23, 2015 and is filed under Fraud and Embezzlement. Written by: . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.