By Monica Dalwadi, CFE, CPA, CIA; Aaron Raddock, CFE, CFCM, Fraud Magazine
Explore the case study of Evelyn Reynolds, a trusted executive assistant, who embezzled more than $100,000 from a children’s charity for her own nefarious use. The authors outline how she did it and their investigation.
Many executives are lost without their professional assistants who control their daily activities — calendar appointments, meetings, telephone calls and expenses. But what if an assistant has too much control and exploits an executive’s trust?
Evelyn Reynolds, a supposedly faithful assistant to the chief operating officer at a prominent non-profit organization, perpetrated a multi-faceted fraud totaling more than $100,000. In less than 10 months, she provided herself with a rhinoplasty, a recreational vehicle and a pile of cash that she didn’t earn.