There is no excuse for embezzling money. Unfortunately, there are many such cases each year throughout the country, especially for businesses being duped by their employees. By using accounts payable audits, companies can pinpoint any financial discrepancies such as duplicate payments, theft and other instances of misappropriation.
That is exactly what Petoskey, Michigan-based Fisher Plumbing and Heater did. According to The Daily Reporter, the owners found evidence of embezzlement in the business' financial records. After an accounts payable audit was conducted, it was revealed that Deborah Bicker, who has served as Fisher's bookkeeper for several years, had stolen more than $100,000 from her employer. Investigators allege that she managed to take the money by writing checks from the company's accounts to herself as well as some family members. Bicker then cashed the checks and deposited the funds into her own personal bank accounts.
The Petoskey News reports that Bicker used the embezzled funds to pay for a variety of purchases, including heated jackets for herself and family members. She also paid off personal bills she owed and spent some of the money to recarpet her house. The news source states that Bicker has been sentenced to at least four years in prison for her crime.