Accountant steals millions and sends employer bankrupt
Relevant impacts: Business impact, financial impact, human impact and reputational impact
Make sure there is managerial, independent or expert oversight
An employee defrauded $19 million from her company. The senior accountant used her access to the company's payroll and superannuation accounts to steal the money. The company collapsed shortly afterwards which led to 1,300 people losing their jobs. The accountant pleaded guilty to 24 counts of theft and was sentenced to 8 years in prison.