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The white collar is mostly gone. But economic crime is still going strong. Bribery, extortion, embezzlement, fraud, and tax evasion are all alive and well as white collar crimes.
These are serious offenses that do much damage to victims and society in general. Yet, they get less press than classic violent offenses. It's important to understand how financial fraud can be more harmful to your business.
Why the White Collar Criminals Get Away
There are at least a few reasons we tend to worry less about white collar crime. First, no one gets physically hurt. Second, we do not imagine professionals stealing. Third, it is difficult to spot.
White collar crime is necessarily perpetrated by people in special positions. Those people in the office who manage figures and access funds, who make the deals and the big money, or who file the taxes -- the ones you really trust with the hard stuff -- are most likely to be involved in a criminal scheme.
The schemes are often not easy for others to recognize. White collar criminals use their professional skills for financial gain, relying on the respectability that comes with their position as a shield. Who imagines that their accountant evades taxes?
How to Stop Fraud in Your Office
Even if you don't believe your people would ever lie, cheat, or steal, you should be wary. If workers are committing crimes or other wrongdoing and your business is implicated, you will be held responsible regardless of your conscious involvement. Here are four simple things you can do to help prevent problems with fraud in your office.
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