Putting the AP in hAPpy
A weekly podcast providing fraud prevention and vendor setup training to protect the vendor master file. Immediate takeaways with actionable steps you can implement today into your vendor onboarding and maintenance process to reduce payment fraud, regulatory fines and bad vendor data. Great tips for the Accounts Payable and Procurement teams to clean-up their vendor data, clean-up their vendor processes so that they can pay the right vendor.
Putting the AP in hAPpy
Episode 400: Employee Makes $6M From $15M in Stolen Funds. Do They Get To Keep It?
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An internal employee stole close to $15M from Bridgestone over 4 years and through investments, made and additional $6M. Did they get to keep it and the way the internal fraudster was caught after they left the company. And what question should you ask of your vendor process?
Keep listening.
Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to reduce the potential for fraudulent payments, compliance fines or bad vendor data. Check out the Vendor Process Training Center for 173+ hours of weekly live and on-demand training for the Vendor team.
Links mentioned in the podcast + other helpful resources:
Department of Justice Press Release: Former Bridgestone Americas Assistant Treasurer Pleads Guilty to Nearly $15 Million Wire Fraud Scheme
WKRN News Article: Ex-Bridgestone employee defrauded company of $21M
Customized Vendor Validations Session: https://debrarrichardson.com/vendor-validation-session
Free Download: Vendor Validation Reference List with Resource Links
Vendor Process Training Center - https://training.debrarrichardson.com
Customized Fraud Training: https://training.debrarrichardson.com/customized-fraud-training
Free Live and On-Demand Webinars: https://training.debrarrichardson.com/webinars
Vendor Master File Clean-Up: https://training.debrarrichardson.com/cleanup
YouTube Channel: https://www.youtube.com/c/DebraRRichardsonLLC
More Podcasts/Blogs/Webinars https://training.debrarrichardson.com
More ideas? Email me at debra@debrarrichardson.com
Music Credit: www.purple-planet.com