garrow
Well-Known Member
What a horrible situation
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Disaster at Eugene Weekly
- Thread starter garrow
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justgladtobehere
Well-Known Member
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- Feb 25, 2013
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- 6,674
Embezzlement of Oregon weekly newspaper's funds forces it to lay off entire staff and halt print
The employee took $90,000, but there are $100,000+ in unpaid bills. The paper was in trouble, the embezzlement caused the cash crisis.
The employee took $90,000, but there are $100,000+ in unpaid bills. The paper was in trouble, the embezzlement caused the cash crisis.
justgladtobehere
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Another thing that came to mind. With a small operation, maybe the owner cuts corners, didn't have a qualified person to do the books and couldn't afford an outside accountant.
Seems like something that could happen again.
Seems like something that could happen again.
It happens a lot in small businesses, and non-profit associations like community soccer groups.
I've had at least three clients who were victimized by serious internal theft. Just a matter of not setting up internal control and being too busy doing the actual work and not keeping a close eye on things. It's very common and I'm sure some people get away with it.
matt_garth
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studthug12
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- May 30, 2013
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A community-owned paper!
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