Payday Pickpockets

The DooDoo Diva's Smells Like Money Podcast – Payday Pickpockets With John Tonsick

In this episode of the Smells Like Money podcast, we interview John Tonsick, a certified fraud examiner, about the prevalence of fraud in payroll. We discuss how utilities rank among the top five industries with the highest median fraud-based losses. John shares a fascinating story of a payroll fraud case he worked on, involving a payroll manager who embezzled $1.2 million over 15 months. The manager had complete control over the payroll system and manipulated it to transfer money to her personal account. She lived a lavish lifestyle despite her $80,000 salary and was eventually caught when she took $700,000 at once. The company filed a civil suit and won a judgment of $1.9 million. The episode highlights the red flags of payroll fraud and emphasizes the importance of preventive measures and the segregation of duties.

This episode also covers:

All We Need To Know About Payroll Fraud

The Consequences And Legal Actions Taken

Ways To Prevent Payroll Fraud


I hope you find this episode as informative and as exciting as we have. 
Please let us know your thoughts about the episode!
Connect with John Tonsick
Website: tonsick.com
LinkedIn: https://www.linkedin.com/in/john-tonsick-cpa-cfe-5720b57/
Email: [email protected]
Connect with Suzan Chin-Taylor, host of The DooDoo Diva's Smells Like Money Podcast:
Website:      www.creativeraven.com | https://thetuitgroup.com/
LinkedIn:     https://www.linkedin.com/in/creativeraven/
Email:          [email protected] 
Telephone:  +1 760-217-8010

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#PayrollFraudExposed #TheHighCostofPayrollFraud #DetectingPayrollFraud #PreventingPayrollFraud #RedFlagsOfPayrollFraud #ForensicAccounting #FraudPreventionMeasures #PayrollFraudStories #CorporateFraudRevealed

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