In this episode of Financial Flossing, host Ross Brannon interviews guest David Harris, an expert in dental embezzlement and CEO of Prosperident. They discuss the prevalence of embezzlement in dental practices, standard methods used by embezzlers, and steps dentists can take to prevent and detect embezzlement. David shares insights into the behavioral markers of embezzlers, the importance of hiring practices, the role of forensic investigations, and practical tips for dentists to safeguard their practices.Key Takeaways: ✅ Embezzlement is a significant issue in dental practices, with a 70% chance of occurrence. ✅ Common methods of embezzlement include manipulating financial records, diverting payments, and stealing tangible assets like dental supplies or gold restorations. ✅ Behavioral markers of embezzlers include a desire for alone time, conspicuous display of honesty, cutting ethical corners, and a different thought process regarding territoriality. ✅ Dentists should implement stringent hiring practices, including criminal background checks, drug testing, and reference checks. ✅ Regular monitoring is crucial to detect embezzlement, such as reviewing daily reports from practice management software and comparing collections to deposits. ✅ Dentists should better build relationships with their staff to understand their personal situations and potential red flags. ✅ If embezzlement is suspected, it is essential to seek professional help from experts in dental forensic investigation. ✅ Prosperident provides forensic investigation services and can be contacted at 888-398-2327 or through their website, prosperident.com.More about David:  Forensic Accountant, Certified Fraud Examiner, Certified in Financial Forensics, Licensed Private Investigator, CPA. Entertaining and in-demand speaker. Keynote presentation: "How To Outsmart An Embezzler." Expert witness in fraud and embezzlement against dentists and dental specialists. A published author and expert on the subject of embezzlement in dental offices.Learn more about your ad choices. Visit megaphone.fm/adchoices