Newsletter Article on Embezzlement Detection and Prevention

The forensic accounting firm of RosenfarbWinters (New Jersey, New York) is publishing a 3-article series on embezzlement prevention and detection by Stephen Linker, a Director of the firm. The first article discusses, among other things, a "lapping" scheme uncovered by the author early in his career. As Linker describes it, a "lapping" scheme is an accounts receivable fraud in which an employee such as a bookkeeper steals customers' payments and tries to cover the misappropriations by crediting payments from one customer's account to another customer account. See the full article here.