Most dealers think dealership fraud by Controllers can’t happen to them, but it can. A long-time trusted employee commits fraud and steals money from the dealership.
Whenever I hear about employee embezzlement, my heart goes out to the business owners that not only have suffered a financial loss, but usually feel extremely hurt from the breach of trust of a valued employee.
If you are a car dealer, small business owner or executive, here are some things you can implement now to help minimize the potential for a fraud to occur in your organization.
When someone exhibits several specific behavioral red flags or has one trait that makes that person appear more abnormal in that area than someone should be, that person could be a potential candidate for fraudulent activity and may warrant a closer look at their work product and work relationships.