To Catch a Thief
“There seems to be a blind spot in the intelligence of every embezzler, no matter how expert he may be,” accountant George H. Kingsley told Forbes. He recounted stories of apprehended embezzlers, such as the $30-a-week clerk for an automobile company who had tried to buy a $3,500 roadster. (That’s akin to earning $490 a week today while eyeing a $57,000 car.) Kingsley advised businesses to modernize their accounting systems, implement surprise audits—and carefully examine the motives of any employees who seem overly eager to “help” the auditors.