In late 2000, Greeley created fictitious vendors and authorized payment from Hannaford to the fictitious vendors for services that were never performed. Greeley deposited the checks issued by Hannaford to the fictitious vendors into accounts he had established. Greeley obtained approximately $657,260 during the course of this fraudulent scheme.
If someone's able to steal more than half a million dollars from your corporation before you start to notice, your business might well have grown beyond its ability to be responsibly managed.
Linking to the following blogs with open trackback posts: Diane's Stuff, Rashbre Central
Tagged as: Hannaford