Industry Note:
Monitor Your Employees Or Risk Theft
Published on Fri Mar 09, 2012
Keep a close eye on your employees with purchasing power, or you may end up bilked of hundreds of thousands of dollars like one New York state hospice. From January 2003 to March 2011, Jeffrey Mohamed was chief of information technology for the Hospice Care Network headquartered in Wood-bury, N.Y., reports Newsday newspaper in Long Island, N.Y. Nassau County prosecutors say he em-bezzled more than $243,000 from his employer by making unauthorized purchases of computers, televisions and other electronic equipment. Mohamed made the purchases through the hospice's accounts and then returned the items for a credit to his personal account or by selling the equipment and keeping the proceeds. Managers at Hospice Care Network discovered the theft during a review of open orders for IT equipment from a vendor, according to Newsday.