In the spring of 2003, Interactive Solutions, Inc. (ISI) experienced a devastating blow when owner Jay Myers discovered that the company’s accounting manager and receptionist had stolen over $257,000 from the Memphis-based business. Myers will share lessons learned from this crisis during the 14th Annual NSCA Business & Leadership Conference in Dallas in March.
Research shows that in 2010 alone, there were over 1,100 cases involving embezzlement’s exceeding $100,000 in the United States. The average loss for those organizations was over $1 million, but the maximum exceeded $46 million. Of those cases, only 4 percent of the employees had any prior criminal record.
Myers chronicled his experience in Keep Swinging: an Entrepreneur's Story of Overcoming Adversity & Achieving Small Business Success. He will share insights and practical tips from the book during a session at the NSCA Conference. NSCA is the leading not-for-profit association representing the commercial electronic systems industry. For more information: http://www.nsca.org/blc/sessions.html.