Employee theft is one of the fastest growing crimes across the United States, increasing by up to 15% every year. Because of the rapid increase, more and more employers are taking extra precautions to ensure that their employees are trusted and monitored. If you happen to be charged with employee theft, you will need to understand the facts, the figures, the consequences and the steps involved to clear your name and continue with your life.
Employee Theft Statistics
Here are some figures when it comes to employee theft in the United States.
• Nearly one third of all employees commit some degree of employee theft. This may be something as simple as stealing a t-shirt from the store room or something as complex as forging receipts and pocketing the extra money.
• Employee theft costs an estimated $40 billion in losses to businesses every year due to employee theft. This staggering number is ten times higher than the street crime losses annually
• One of the hardest hit industries for employee theft is the banking industry which reports a $1 billion loss annually. The number of bank robberies each year is only a fraction compared to this incredible loss.
• One third of all new businesses fail because of employee theft.
• Businesses lose an average of 2% sales to employee theft.
Employee Theft Precautions in the Workplace
Most employers will put their potential employees through a rigorous hiring process to be sure of their background. This may include personal references, credit checks, background checks and interviews. Many employers will also install a type of security system in both the front and back of their store and improve the accounting practices and record keeping. Some larger corporation will also hire security staff to watch both the customers and the employees or create an internal employee theft department where the sole purpose of the department is to be on guard for suspicious employee activity. What this means is that more and more employees are being accused of theft in their workplace.
MN Employee Theft Defense Lawyer
If you have been charged with this serious offense, you need to act fast to clear your name. Your best bet to overcoming a criminal employee theft charge is to seek help from an experienced lawyer. You should seek representation from someone who is aggressive, trusted and experienced in the field of Minnesota employee theft.
The Law Firm of Martin S. Azarian Criminal Defense, P.A. has over 22 years of experience in employee theft and can ensure that you receive the best representation in Minneapolis theft defense. Regardless of whether this is your first offense or fifth offense, the best action you can take to clearing your name is calling our Minnesota theft attorney offices. For a free telephone consultation, call Martin S. Azarian Criminal Defense, P.A. at 952-451-4987.
