Embezzlement

Wendell Doman seemed like the least likely suspect to have embezzled money from Narada Media, a New Age music company. A devout Mormon and father of seven, the 37-year-old chief financial officer of Narada Media was convicted of embezzling $1.13 million from the Milwaukee-based company (Strauss 1). Doman was not the typical profile of most embezzlers. He did not spend his stolen cash on spending sprees, mistresses, gambling, or drug addiction like many embezzlers. Instead, he squirreled most of the money away in Vanguard’s Growth and Income stock mutual fund. By the time investigators finally discovered Doman was the criminal, his funds had earned $206,000 in interest (Strauss 2).

Doman was able to steal more than one million dolla

. . .
uthwestern United States. In a bad year Lee took home approximately $300,000 in salary and bonuses but $800,000 in salary and bonuses in a good year (Wells 2). Still, despite this plush income, Dr. Lee committed fraud on the clinic. During one four-year period, Lee skimmed more than three hundred thousand dollars from the clinic by billing his clients directly without turning the money over to the clinic. Like many cases of embezzlement, Lee’s theft went undetected until an accidental incident sent up a red flag to the clinic’s accounting department. One of Dr. Lee’s patients, Rita Mae Givens, had rhinoplasty performed by Dr. Lee. After paying for the services she decided she would contact her insurance company to see if they would reimburse her for the procedure. When she called and asked for a copy of her bill, she was shocked and so was the accounting department when it was discovered there was no bill on record. When a Certified Fraud Examiner was brought in to investigate the situation at the clinic, Dr. Lee was very cooperative and confessed that he had been billing patients directly and not giving the money to the clinic. Lee confessed that his motive was greed because he wanted to be the “big-shot” in his family,
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Some common words found in the essay are:
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Approximate Word count = 1370
Approximate Pages = 5 (250 words per page)

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