Article on the impact of employee theft, noting that there were 26 embezzlement

Kerry Elson

Source

Mainebiz

Date

3-6-2006

Pages

1, 6

Abstract

Article on the impact of employee theft, noting that there were 26 embezzlement arrests in Maine in 2004, and that many more go unreported. Roger and Richard Provencher, owners of Provencher Fuels in Biddeford, are currently involved in a lawsuit against the company's bookkeepers, JoHanne and Ricky Elie, alleging that the former employees embezzled $700,000 in company funds. While the crime itself can cost business owners dearly, the audits, legal fees and loans a business must take to undo the damage add extra costs. With comments by Dave Warren, owner of a small logging company in Surry who lost $308,000 to his former bookkeeper two years ago.

Subjects

Embezzlement

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