Spooktacular Embezzlement Myths
Spooky Fiction vs Fact
| SPOOKY MYTH | FACT |
|---|---|
| There are over 300 ways to steal from a dental practice. | There are less than 24 ways to steal. |
| Dental embezzlers can always outsmart you. | Most dental embezzlers are first time offenders that do not have a college degree. They are less trustworthy, but not smarter than a dentist. |
| Taking an embezzlement risk (red-flag) questionnaire can determine if embezzlement is “very likely” or “almost certainly” happening. | A red-flag is indicator that fraud may be present, it cannot guarantee its presence. |
| To diagnose embezzlement in a dental practice can cost $7000 or more. | Diagnostic examinations should be conducted when there is reasonable and probable cause to presume the presence of embezzlement. Spending $7000 or more to only to receive a diagnosis of “fraud not found” can invite regret. A pragmatic and economical approach to diagnosis will cost far less. |
| Being called “the world’s leading authority on embezzlement in dental offices” is a title that is earned. | This title is not earned, it is self-bestowed. Persons making false claims of superiority above all others is a revealing warning sign that you should not ignore. See “A heuristic tool to assess an advisor’s trustworthiness“ |
| Fraud prevention is complicated and best left to the pros. | 80% or more of embezzlement can be eliminated by doing 10 simple things or less. |
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