How to Catch Embezzlement, Fraud and Other Illegal Activities in Employee Benefit Plans
Employee benefit plans are periodically victimized by executives who embezzle funds, misuse workers' money and defraud workers and the government. To help HR professionals learn how to identify wrongful acts and prevent future violations, Employee Benefit News interviewed U.S. Assistant Secretary of Labor Ann Combs, who heads the Employee Benefits Security Administration, which enforces employment-related laws like ERISA.
The interview provides helpful advice and guidelines on the best ways for HR professionals to spot embezzlement, fraud and other illegal activities in their employee benefit plans, tell-tale signs of illegal activity in a pension plan or a 401(k) plan, and what HR professionals should do when they suspect that someone in their company has committed a crime in handling an employee benefit plan.