(Intro) Hiltz’s Axiom
Headlines in the News
In our “Embezzlers in the News” category you’ll can see dozens of headlines like these:
- Woman who stole $178,000 from a dental office was ordered to serve five years in prison.
- Blairsville woman pleads guilty to embezzling nearly $600,000 from doctor’s office.
- 42 year employee pleads guilty to dental embezzlement of $30,000.
- Woman accused of embezzling over $13,000 from dentist office where she worked
- Former employee accused of stealing over $500,000 from west side doctor’s office.
Some dental embezzlers stole less than $20,000 before they were caught, while others stole $500,000 or more.
Just how much can a typical embezzler steal?
The amount an embezzler can steal is a function of time and opportunity
The longer an employee can steal from a practice before being caught, the greater the loss will be.
Introducing Hiltz’s Axiom
How to use Hiltz’s Axiom
(risk x duration) x (revenue x 0.05) = estimable potential loss