Employee Theft

According to Embroker, 75% of employees admit to stealing from their employer at least once. Inventory theft, data theft, payroll theft, theft of cash and theft of service are the most common ways for an employer to steal from a company. Here are some over-the-top examples of in-house theft and employee fraud:

Taking a bite of the Apple

Apple has uncovered a case of employee fraud estimated to have cost the company $10M. Dhirendra Prasad (a buyer in Apple’s Global Service Supply Chain division of 10 years) faces five federal charges. The fraud includes taking kickbacks, stealing parts, and causing Apple to pay for items and services it never received. The scheme lasted 3 years and includes charges on counts of fraud, money laundering, and tax evasion.[1]

Does HP stand for Happy Prosecutor?

Federal prosecutors have charged a former HP Inc. employee with stealing roughly $4.8 million from company credit cards. According to court documents the fraud allegedly used the money to buy hundreds of designer bags, jewelry, and a Tesla. The charging records allege that she stole millions by simply making personal charges to company credit cards and linking HP credit cards to her personal bank account with First Republic.[2]

Am I the drama? I don’t think I’m the drama.

Kevin Lee of Chula Vista plead guilty in federal court to wire fraud and aggravated identity theft. He used his position at the Defense Contract Management Agency to steal the identities of at least 37 individuals and using those identities to commit over $240,000 in bank and loan fraud. After collecting sufficient personal identifying information on an individual, Lee used that information to apply for bank accounts and loans online.[3]

Would you like some opioids with that?

In September 2021, the U.S. Department of Justice announced an arrest of 138 people (42 doctors, nurses, and other licensed health care professionals) for their alleged participation in schemes involving telemedicine, COVID-19-related health care fraud, illegal opioid distribution, and substance-use treatment facilities. Resulting in more than $1.4 billion in losses.[4]