That Trusted Employee May Be Ripping You Off —Michelson

In two cases, IP/Koke Printing in Eugene, OR, and Long Island City, NY-based Digital Ink, the embezzlements led directly to plant closures. IP/Koke's accounts payable clerk misappropriated $1.56 million from the company on more than 30 flights to Las Vegas, and for hotel stays, vacations and cruises. Yes, the perpetrator was found guilty and sentenced to 24 years in prison. But, that is of little solace to the printer's ownership and the 85 employees who lost their jobs. The same goes for Digital Ink, which closed after a finance department employee stole $750,000 via phony payroll checks made out to former staff members and phantom workers. Digital Ink owner Jamie Wollens told the New York Daily News that he also lost his home as a result, and complained it took prosecutors six months after he filed a police report to arrest the defendant, who was then released, without bail, to await a hearing. "She was out there, enjoying her life and spending my money," he lamented.