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Accounting Auto/Mate

True Crime: Dealership Embezzlement

June 3, 2021

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Overview:

Embezzlement is a word that strikes fear into the heart of every dealer. According to the National Federation of Independent Business, two-thirds of all small businesses in the United States fall victim to employee theft. Due to the complexity of dealership operations, employees from all departments have opportunities to siphon profits from the bottom line. So how can you safeguard your dealership from these inside jobs?

Join automotive-industry veterans Perry Watson IV and Chris Marquet, who will walk you through:

  • The hidden truth about how often dealership fraud happens and the negative impacts.
  • Real-world examples of the types of risks faced by dealerships of all sizes.
  • The profile of a typical embezzler, based on extensive research from thousands of cases.
  • Best practices for preventing fraud at your dealership.

Webinar Presenters:

Perry Watson IV
Program Management Director,
Minority and Women Retail Business Development
DealerSocket

Chris Marquet
Senior Partner
Veritas Assurance International Partners