S7 E2 Payday Pickpockets

Payday Pickpockets The DooDoo Diva's Smells Like Money Podcast – Payday Pickpockets With John Tonsick In this episode of the Smells Like Money podcast, we interview John Tonsick, a certified fraud examiner, about the prevalence of fraud in payroll. We discuss how utilities rank among the top five industries with the highest median fraud-based losses. John shares a fascinating story of a payroll fraud case he worked on, involving a payroll manager who embezzled $1.2 million over 15 months. The manager had complete control over the payroll system and manipulated it to transfer money to her personal account. She lived a lavish lifestyle despite her $80,000 salary and was eventually caught when she took $700,000 at once. The company filed a civil suit and won a judgment of $1.9 million. The episode highlights the red flags of payroll fraud and emphasizes the importance of preventive measures and the segregation of duties. This episode also covers: All We Need To Know About Payroll Fraud The Consequences And Legal Actions Taken Ways To Prevent Payroll Fraud I hope you find this episode as informative and as exciting as we have.  Please let us know your thoughts about the episode! Connect with John Tonsick Website: tonsick.com LinkedIn: https://www.linkedin.com/in/john-tonsick-cpa-cfe-5720b57/ Email: [email protected] Connect with Suzan Chin-Taylor, host of The DooDoo Diva's Smells Like Money Podcast: Website:      www.creativeraven.com | https://thetuitgroup.com/ LinkedIn:     https://www.linkedin.com/in/creativeraven/ Email:          [email protected]  Telephone:  +1 760-217-8010 Listen and Subscribe here to your favorite platform : Apple Podcast - Google Podcast - CastBox - OverCast - Pocket Casts - Youtube - Spotify https://creativeraven.com/smells-like-money-podcast/ Subscribe to the Podcast: https://creativeraven.com/smells-like-money-podcast/   Be a guest on our show: https://calendly.com/thetuitgroup/be-a-podcast-guest Check Out my NEW Digital Marketing E-Course & Coaching Program just for Wastewater Pros: https://store.thetuitgroup.com/diy-digital-marketing-playbook-for-wastewater-pros #PayrollFraudExposed #TheHighCostofPayrollFraud #DetectingPayrollFraud #PreventingPayrollFraud #RedFlagsOfPayrollFraud #ForensicAccounting #FraudPreventionMeasures #PayrollFraudStories #CorporateFraudRevealed