Restitution Agreement Employee Theft

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She was sick when she learned that there had been no cash last year. The doctor worked with his staff to verify patient cards, past appointments and payment details, just to learn that the company manager, who had worked in the practice for nearly fifteen years, had skipped the cash payments received by the patients. After contacting a number of patients, she learned that many of them had paid in cash, but that no cash deposits had been made into the practice`s bank account in the past five years. A lengthy and costly investigation resulted in a minimum loss of $275,000. The good news? The practice had flight cover to recover the funds. The bad news? Their recovery will be minimal due to the $25,000 limit. Problem Size An employee theft is difficult for all parties involved. There is an important emotional component, especially in a small business such as a health practice, where the person who commits the theft could be a long-time and trustworthy employee. Finally, there may be a financial crisis, especially if the insurance coverage is not sufficient and the funds have been wasted by the worker without hoping for compensation.

There is the distraction caused by the investigation of theft and the continuation of healing. I hope that this overview will provide some basic guidance for dealing with these crises. However, you should contact your lawyer before the trial begins to ensure that you are approaching your particular situation appropriately. In short, measures to reduce the ability of employees to fly are an important step in the financial security of your business. If there is such a theft, it is wise to discuss with your company`s work advisor how best to manage this situation in accordance with the company`s objectives, whether it is retaliation or restitution. The initiating of civil proceedings against the offender and his property is a common legal strategy as soon as an employee theft or embezzlement has been found and quantified. In many cases, counsel requests a preliminary decision (PJR) to freeze the identified property of the offender. An PJR application can expedite the case with a judge, and if granted, a freeze on the accused`s assets until the civil proceedings are completed – which the courts say could take years.