Embezzlement scheme leads to prison for Alaska man

If companies want to keep their finances under control, it is crucial that formerly worked as a bookkeeper at Trident, where she wrote 52 unauthorized checks over the course of two and a half years. The FBI noted that the money was split among Wolfe and her associates. In order to keep the crimes hidden, Wolfe produced falsified accounting records to disguise the fraudulent payments.

The Associated Press reported that Wolfe has not yet been sentenced.

Before money goes missing, business leaders can step in. Implementing frequent audits can go a long way at preventing internal mismanagement issues from resulting in significant losses.

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