10. Stopping Embezzlement Before It Starts w/ Mark Murrah

Sep 23, 2022

Should you be concerned about embezzlement within your company? Are you certain your financial processes are secure? Can you imagine the devastation it might cause?

Nobody likes to think it could happen to them, but embezzlement and misappropriation of funds can happen on any scale, in any sized firm. Luckily, we have some straightforward ways we can identify or prevent it before it starts.

Our guest is corporate attorney Mark Murrah, who has years of experience preventing, spotting, and cleaning up after corporate embezzlement.

Mark gives us some real world warning signs of embezzlement, and myriad ways to forestall and prevent it.

He details his warning signs of possible embezzlement.

• "I work really hard, there should be more money"
• Vendors not receiving payments
• An employee wanting fiefdom over finances
• Red flag employee behavior - are they using drugs, gambling, living above means

We then discuss common ways this fraud is being committed, and Mark's three part plan for defense against embezzlement.

1. Policy - what we are going to do
2. Process - how we are going to do it
3. Training - teaching your team to do it

Mark gives us so much practical advice on how to spot problems and defend against bad actors.

See our podcast page to download Mark's white paper on Signs of Embezzlement.

Find Mark at https://www.mktxlaw.com/attorney/murrah-c-mark,  on LinkedIn at https://www.linkedin.com/in/mark-murrah-46798a9, or give him a call at 832-405-4440 for a free corporate diagnostic.

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Contact John at [e-mail] or via social. Visit https://www.strohmeyerlaw.com/houston-professional-advisors for more info about how John works with advisors like you.