When a small business owner learns that an employee has been stealing from the business, many times they terminate the employee without prosecuting. Lawyer’s fee and other costs incurred by hiring an attorney sometimes do not make financial sense compared to the amount the employee has stolen. Prosecuting an employee who has been caught stealing can protect the company or small business owner against a civil law suit, and can help recover the company’s property, but most importantly it can serve as a deterrent to other employees.
Read more about this by following the links below.
10 ways to prevent theft, fraud by your employees
According to the National Federation of Independent Business (NFIB), an employee is 15 times more likely than a non-employee to steal from an employer, and employees account for an estimated 44 percent of theft losses at stores. The U.S. Department of Commerce reports that nearly a third of business failures are related to employee theft or fraud.
Employee theft is one of the most serious problems facing small business owners in the U.S.
According to the National Federation of Independent Business (NFIB), an employee is 15 times more likely than a non-employee to steal from an employer, and employees account for an estimated 44 percent of theft losses at stores. The U.S. Department of Commerce reports that nearly a third of business failures are related to employee theft or fraud.
Business owners are rightly concerned — or should be. Employee misdeeds take many forms:
• Larceny (outright theft).
• Skimming (diverting business funds).
• Fraudulent disbursements (billing schemes, inflated expense reports, check tampering).
Checkpoint Systems Launches Next Generation of EAS Solutions
New EVOLVE iRange Offers Complete Solution to Retailers’ Merchandise Availability and Customer Satisfaction Challenges.
Checkpoint Systems, Inc., CKP -0.39% a leading global supplier of merchandise availability solutions for the retail industry, today announced the launch of the next generation of intelligent electronic article surveillance (EAS) solutions.
The EVOLVE iRange , developed alongside global retailers, comprises six different state-of-the-art EAS antennas, a broad range of EAS labels designed for visible and source-tagging application to various types of merchandise, and the Counterpoint iD deactivation unit for faster and consistent deactivation at point-of-sale (POS).
Together, the portfolio promises to deter theft from potential shoplifters, a high degree of confidence that protected merchandise has been deactivated efficiently to avoid unpleasant false alarms for honest shoppers, and security that the antenna alarms are indeed shoplifting attempts so store personnel can respond appropriately. Initial tests have resulted in increased product availability at test stores, improved in-store efficiency at the POS and an increase in positive attitudes towards the shopping experience for consumers.
Lakewood shoplifting gunman who fled with child in car identified
A man suspected of shoplifting, pointing a gun at a security guard and fleeing with a 2-year-old child in a Jeep SUV has been identified.
Angelo Erin Arellano, 29, was tracked and bitten by a police dog in Denver where officers found the suspect hiding, according to police.
The incident started in Lakewood about 11:10 a.m. Tuesday, when police were called about a pair of shoplifters at the Walmart at 7455 W. Colfax Ave., according to a Lakewood Police Department news release.
A store security guard who tried to stop the man and a woman told officers that the man pointed a gun and the couple fled in a Jeep.
Officers spotted the vehicle, leading to a chase into west Denver.
The Jeep stopped, and the driver, a man, bolted on foot.
Left behind in the SUV was 28-year-old Jamie Lee Carrillo and her 2-year-old child.
Arellano, found a short time later hiding in a nearby area, was taken into custody, police said.
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