Today we are going to talk about the lessons we can learn from an incident where an employee stole millions of dollars via ach, wire transfers and credit card payments over a 3 year period before being caught.  

Keep listening. 

Check out my website www.debrarrichardson.com if you need help cleaning your vendor master file or implementing authentication techniques, internal controls and best practices to prevent fraudulent payments. 

Free download:  Vendor Validation Reference List with Resource Links

Links mentioned in the podcast:   

•  Blog Post:  Get Your Vendor Setup & Maintenance Desktop Procedures in Order 
• Pierce County Housing Authority article:  https://komonews.com/news/local/audit-ex-employee-stole-7-million-from-housing-agency-in-states-largest-ever-fraud-case
• ACFE:  ACFE’s 2018 Report to the Nations – Government Edition
• Audit:  Fraud Investigation Report
• Lynn Larson, Recharged Education https://www.recharged-education.com/controls
• Bank Account Ownership Validation:  www.earlywarning.com or www.giact.com 
• 5 Day Vendor Master File Clean-Up
• Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download
• More Podcasts/Blogs www.debrarrichardson.com
• More ideas?  Email me at [email protected]

Music Credit:  www.purple-planet.com