Brett D. Watson, a Palmer, Lombardi & Donohue partner, has authored a piece for the Los Angeles Daily Journal on employee embezzlement. In the article, titled “The First Line of Defense to Preventing Employee Embezzlement,” Mr. Watson notes that embezzlement is more common during economic downturns, describes how the crime usually occurs and explains how the law shields banks from liability in embezzlement cases.
“[E]mployers must realize that they, not their banks, are the first line of defense in preventing and detecting employee embezzlement,” he writes. “Indeed, common sense dictates that prevention, or even early detection, provides greater protections than searching for a scapegoat.”
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