They bring a trusted friend or dedicated employee on board to “handle the books.” And then they never check up on them.
Until there is no cash left in the business bank account.
Think this can’t happen to you? It sure could. People can fake all sorts of records. And desperate people will do it in a heartbeat.
The thing that bothers me the most about it is that it’s so easy to prevent.
Take a quick two minutes to watch this video and learn six easy controls you can implement in your business, so you aren’t a cash flow fraud victim.