Employee has been Embezzling money from our company

[XPORTIN]

Good morning everyone - posting this here to obtain some advice as we have strong suspicion that an employee of ours has been collecting money from a company who we recently started working with through this same employee.

We realized that he has been using our equipment and another companies equipment and doing shipments for the last few months and we have not seen any of this money come in. We believe he has provided the company with our carrier package but used his own banking info for the EFT part.

Seeking advice on what steps to take as the amount is not a small amount and we would like to put an end to this sooner than later, hopefully without the employee seeing it coming. Should we contact local police or a lawyer?

 

[Rob]

Good morning everyone - posting this here to obtain some advice as we have strong suspicion that an employee of ours has been collecting money from a company who we recently started working with through this same employee.

We realized that he has been using our equipment and another companies equipment and doing shipments for the last few months and we have not seen any of this money come in. We believe he has provided the company with our carrier package but used his own banking info for the EFT part.

Seeking advice on what steps to take as the amount is not a small amount and we would like to put an end to this sooner than later, hopefully without the employee seeing it coming. Should we contact local police or a lawyer?

Good luck a buddy was embezzeled for just shy of 1/2 a million and the crazy broad only got 10 months. They called the cops on her.

 

[YYZRIDER]

Seems like a fraud. call the Police with solid proof but will have a hard time now.

 

[Deisel1]

Good morning everyone - posting this here to obtain some advice as we have strong suspicion that an employee of ours has been collecting money from a company who we recently started working with through this same employee.

We realized that he has been using our equipment and another companies equipment and doing shipments for the last few months and we have not seen any of this money come in. We believe he has provided the company with our carrier package but used his own banking info for the EFT part.

Seeking advice on what steps to take as the amount is not a small amount and we would like to put an end to this sooner than later, hopefully without the employee seeing it coming. Should we contact local police or a lawyer?

I would contact a lawyer (Criminal and Employment) for a clear direction on your next steps.
If your suspicion is correct, there should be a paper trail to validate your claim.

Please keep us posted.

 

[MLCAR]

Maybe I'm reading this wrong but If your company is working with the shipper (I assume) then reach out to their AP and make sure the remittance info is updated. They can also provide you with the current remittance info which if it is your employee's would be a clear case of wire fraud. I wouldn't expect to get the funds "embezzled" back. The most the courts will do is garnish wages and thats if this person is found guilty and accepts the repayment back to you. Either way shitty situation, but as others mentioned approach the police/lawyer and reach out to your customer...They may have a rouge employee in their ranks and it would be beneficial for them to work with you.

 

[Michael Ludwig]

Good morning everyone - posting this here to obtain some advice as we have strong suspicion that an employee of ours has been collecting money from a company who we recently started working with through this same employee.

We realized that he has been using our equipment and another companies equipment and doing shipments for the last few months and we have not seen any of this money come in. We believe he has provided the company with our carrier package but used his own banking info for the EFT part.

Seeking advice on what steps to take as the amount is not a small amount and we would like to put an end to this sooner than later, hopefully without the employee seeing it coming. Should we contact local police or a lawyer?

Call the lawyer first. They will be able to best advise when to call the police.

 

[Upper Ech]

Good morning everyone - posting this here to obtain some advice as we have strong suspicion that an employee of ours has been collecting money from a company who we recently started working with through this same employee.

We realized that he has been using our equipment and another companies equipment and doing shipments for the last few months and we have not seen any of this money come in. We believe he has provided the company with our carrier package but used his own banking info for the EFT part.

Seeking advice on what steps to take as the amount is not a small amount and we would like to put an end to this sooner than later, hopefully without the employee seeing it coming. Should we contact local police or a lawyer?

you may be able to submit an insurance claim if you have the right crime coverage

 

[LrgCar]

Lawyer up and see what they say and how you should proceed, inside transport is not the best place for legal advice. I would personally start gathering as much evidence as possible without making it obvious. I would reach out to all customers with a mass email on remittance details to make sure everything is being sent to the right accounts. but again, not legal advice, talk to your lawyer ASAP.

 

[Kzdab]

As Kevin O'Leary says - "take it behind the barn"

 

[Freight Broker]

Get your proof in order and get yourself some legal advice on the matter. If possible get a lawyer who will work on contingency.. the last thing you want is to pay huge hourly fees only to lose the case.

 

[VanBroker]

Wow! Make sure you at least get a consultation and find out when to call the police. Most consultations are free, definitely start there.

 

[NotForHire]

you wont get a penny


you literally cant prove anything except that money went into a specific bank with a specific number for work that your company "supposedly" performed. Seems like the problem is you werent watching your company close enough.

 

[NotForHire]

If you have a strong enough case you might be able to press charges against the person but thats about it. You will never ever see a dollar.

 

[jonny-chicken]

I'm no lawyer, so this is not legal advice... But...

What probably matters most to you as a business person is the money you have lost.

First off, stop the bleeding... As suggested above, contact the customer and give them the correct remittance account information so all future payments come to you... of course...

Also, ask them to provide the remittance account information that they have been using up to now and ask where they got that information... Maybe they can provide you with an email that they received with the wrong account info.

Finally, offer the offender a chance to pay back the money and part ways and tell them if they don't, then you will be going to the police...

 

[MikeJr]

you wont get a penny


you literally cant prove anything except that money went into a specific bank with a specific number for work that your company "supposedly" performed. Seems like the problem is you werent watching your company close enough.

All due respect. A signed BOL by shipper, driver and receiver would justify removing the word 'supposedly' from your statement would it not? Sounds like this is a carrier operation that has a sketchy employee. In the end the invoice itself will have remit to information on it. If it wasn't followed correctly perhaps they will have to pay twice? I would suspect this could be caught by a diligent accounting team at the 45 day mark.

"Mr/Mrs customer, where is our first payment?"
"We sent it, wire transfer date/confirmation # XXXX"
"Oh, it's not received, where did you send it to?"
"Account # 123456789"
- Problem discovered early.

There's a lack of complete information here, but I sure as hell hope the bleeding is stopped asap. It can't continue.

Xportin - please keep us posted, this is an interesting thread to watch thus far.

Keep well,
Mike

 

[bubba-one]

I believe Mike is sending you in the right direction, provided you have or can get copy's of the Bol showing who the carrier is. Put the onus on the shipper to pay up and and have them (shipper) recoup the funds from the rogue employee, as they can have him/her charged with fraud for accepting the money.

 

[NotForHire]

Sorry but i didnt know this was a lawyers forum?

We live in Canada and the laws regarding banking are much different.

You guys are all so certain he will win in court.

Police will tell company its a civil matter.

Banks wont release account holder information to other parties.

Shipper already paid for loads to the actual hauling party even though it was your companies equipment being used...

You guys are so out of touch...

Too many episodes of Law and Order have gotten to your minds.

 

[loaders]

I take my automobile problems to a mechanic, I take my tax concerns to an accountant……guess where I take my legal issues? This is a situation best left to experienced professionals, not well meaning folks with opinions.

 

[MikeJr]

Absolutely,

It's nice and sometimes refreshing to come here and get people's opinions. In fact, when you ask a question here, you will likely get 10 different opinions even if they all follow the same theme from people speaking from their personal experience. It's extremely likely that no one here has dealt with this exact scenario otherwise, they may have spoken up and detailed what they did.

In any case, when it comes to serious matters such as this one, you can get all kinds of advice, but the best and only advice to follow is that of your lawyer. It's literally their job to know what you should do. If you haven't called yours yet, I ask why not?

Keep well, and if you are able feel free to keep us posted,
Mike

 

[tasuinam]

Sorry but i didnt know this was a lawyers forum?

We live in Canada and the laws regarding banking are much different.

You guys are all so certain he will win in court.

Police will tell company its a civil matter.

Banks wont release account holder information to other parties.

Shipper already paid for loads to the actual hauling party even though it was your companies equipment being used...

You guys are so out of touch...

Too many episodes of Law and Order have gotten to your minds.

In my old life we were in a similar situation - a board member embezzeled funds - we had CCTV footage of said member / this was cash and cheques - they apparently went to another bank and cashed the cheques - we don't know how. The bank released no info eventhough we had a police report and they were of no help.

The court order just stated the person had to return the funds - or get arrested. We never saw the money and in the end the person never got arrested either - had to write it off.

So best advice is stop the bleeding - get a police report and collect all the eveidience ... best that will happen is the person may go to jail if you pursue it - you will not see any $$$$