Family Business Fraud

Fraud in the Family Business. It Happened to Us. Twice.

“family business fraud is never expected, but it’s even more unexpected when it’s from someone inside your business”

Why is it that family businesses are such a target for business fraud? You would think that with the more hands-on management style and inherent trust within a family business, that it would be less prevalent. Oddly enough, it’s these two factors that actually enable more fraud to exist.

Our family business experienced two instances of fraud, both incidents were caused by employees inside the business. One was relatively minor, while the other was major, and almost brought our business to its knees. More…