Embezzlement: A sad reality

Vermont Business Magazine | July 1, 2004| | Copyright

Jim Rollings, president of Greater Burlington YMCA, knows what embezzlement costs. Fresh in his new position at the 'Y," Rollings discovered six months ago that trusted longtime employee Linda Hall had embezzled $71,000. He said the loss was barely discernible over the years. Rather than wanting Hall punished, he said, the collective feeling employees held toward Hall came down to a pervasive sadness.

Rollings' experience at the YMCA is just one of many cases of embezzlement counted in 2003, for which the total number isn't in yet, but those who deal with embezzlement say it is increasing in ...

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