Matters Of Trust


Although he professes to have always been careful in overseeing his business, Lacey says he's now instituted even more safeguards against employee embezzlement--including having more people look over his financial records. And he's switched banks because of the lack of scrutiny he felt his former bank gave his company's check processing during the time of the embezzlement. "This never would have happened if it wasn't for the fact I was naive enough to think that if somebody forged my name on checks, the bank would [catch it]," Lacey claims. "If they had called me once when the checks came in looking terrible, it never would've happened."

As for what has happened to his former bookkeeper, Lacey feels only sadness. "No one wants to see a mother of three go to prison for four years," he says. "You just wish you could change the whole thing--but you can't."

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This article was originally published in the March 1998 print edition of Entrepreneur with the headline: Matters Of Trust.

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