At least 5% of all losses come from employee theft and many of those employees are between the ages of 20-27.
Busy business owners fail to oversee their most valuable commodity, their livelihood. Young adults have a false sense of power and privilege when promoted to “management” and given full access to cash, cash cards and merchandise while being paid barely more than minimum wage.
A Case of Employee Property Theft and Forgery
A local franchise owner promoted a twenty something to night manager. The 22 year old manager felt disrespected by the senior manager and thought she was entitled to more. She began to take small items from the store when she closed at night. Over the next year she concocted a complicated scheme of stealing merchandise, posting items for sale and altering cash sale and return slips in excess of $30,000.
This young woman is on probation and will spend years paying for her debt. The company has implemented anti-theft protections for all employees including management.
So why is employee fraud happening?
Owners and senior managers fail to protect their dream and the dreams of their young and restless employees by not implementing anti theft devices and supervision. Young adults are living in their world of entitlement. In this instance, the young woman and most young adults lack the maturity, life experience and track record to successfully fill the shoes of a manager.If you find yourself in a similar situation and need a criminal theft defense lawyer, please call me today. Philip M. Smith, 303-333-8900.
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