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Matters Of Trust

When an employee embezzles from you, it's no laughing matter.

This story appears in the March 1998 issue of Entrepreneur. Subscribe »

Like many entrepreneurs, Mike Lacey struggled during the recent . As founder of the Hermosa Beach, , & Magic Club, the 44-year-old Lacey rode the popularity wave of stand-up comedy in the late 1970s and '80s, only to face dwindling crowds once the economic tide turned against Southern California. But he persevered--thanks in no small part to performing regulars like Jay Leno and a dedicated team of employees working behind the scenes.

"They were really here [for us] during the recession," raves Lacey of his 50 employees. "They pitched in for all the right reasons."

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