Law Firm Victim of $750,000 Embezzlement
Everyone talks about cybercrime, but employee theft continues to be a major threat to law firms.
Sarah Gaulin was the bookkeeper for the Rhode Island law firm of Hamel, Wexler, Allen & Collins with offices in Rhode Island and Massachusetts. She was charged with embezzling the law firm where she worked. From January 2012 until May 2019 , Gaulin prepared and cashed firm checks made payable to herself, paid with firm checks her creditors and with firm checks her credit card companies for personal purchases.
Gaulin agreed to plead guilty to defrauding the law firm out of almost $750,000.
To read more about the US Attorney charges against Gaulin:
Click on Gaulin is Charged With
Through the years attorneys state this could never happen to them. Law firms need proper insurance coverage for employee theft losses. Your attorney malpractice insurance normally will not provide this coverage. Make sure that if your business owners insurance policy does not cover employee theft, that you have a properly endorsed crime policy to provide this coverage.
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Lee Norcross, MBA, CPCU
California License # 0D87292
L Squared Insurance Agency, LLC ® DBA in California as L2 L Squared Insurance Agency, License # 0L93416
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Lee@L2Ins.com
616-726-7080
