Dave and Adam's employee theft

[Krakenfan]

Here is a posting I found about the theft. It has the peoples names and how much the stole. What a group of greedy idiots.

http://www.sportscollectorsdigest.c...ams-ex-employees-charged-in-1-3-million-theft

 

[TanguayFan]

I agree fully with Jeremy and Bruce. What I was so poorly alluding to was that as owners, they may not have given more than a cursory glance to what was coming in and what was going out. As you said it would be the bookkeepers/accountants job to catch this and it should be readily obvious after only a month or two, unless of course D and A was making such a huge profit even with the theft that all the bills were still being paid, so-to-speak.

 

[cgarn]

How it was not caught at inventory count boggles the mind.

 

[Tripredacus]

How it was not caught at inventory count boggles the mind.

One of them must have had access to receiving or had an accomplice there. When deliveries are made to a warehouse, the product moves from the truck to the person in charge of receiving. They not only sign for the items but then the next step is to put them into inventory.

The other possibility is to defect the product out. Most manufacturers of retail products (that do no carry a manufacturer's warranty) will not accept returns of "damaged" products. This damage could be what you and I consider to be negligible (sic) such as dented packaging or the plastic seal being broken. A company sets their own policy to determine what is and what is not to be considered damaged. In this case, damaged product is set aside to be destroyed. The company takes into account for a percentage of damaged or defective product. If the percentage is above an acceptable level, they may seek reimbursement from the manufacturer. So it is possible for product to have been set as being damaged and then taken before it could be destroyed.

 

[gratzi]

God damn I hate thieves!

 

[MrWrestler74]

ON a positive note, that is one nice looking store front.