Busting Embezzlement in your Dental Practice
60% of dentists are embezzled.
We can do better!
This live Webinar is for Dentists, Practice Owners and Trusted Advisors**
** Trusted advisors include CPA, JD, CFE, Broker, Dental Consultant, Vendor, Coach
Employees registering for this Webinar are required to obtain the consent of their employer before attending.
Course registration is at the bottom of this page.
Choose from these sessions.
|SESSION 1:||Wed, Sep. 9th 2020||7:30PM EDT|
|SESSION 2:||Fri, Sep. 11th 2020||7:30PM EDT|
It’s FREE for Dentists and Practice Owners.
IT’S A FACT – DENTISTRY IS ONE OF THE MOST EMBEZZLED PROFESSIONS.
Bill will share his secrets from decades of experience:
• “Hiltz’s Axioms” – important guideposts for you to follow
• Easy to do “5-Minute Dental FraudBusters“
• How to properly diagnose Embezzlement Red Flags
• and more!
You probably have heard the statistics; they are not good.
The American Dental Association reported in their “2018 CDP Survey on Employee Theft in the Dental Practice” that 49% of dentists are embezzled and 46% are embezzled more than once.
That number is higher due to under-reporting and most experts agree that at least 60% of dentist are embezzled.
The reality is; employee theft is so prevalent in dentistry, virtually every dentist knows a classmate or a colleague who has been embezzled.
PART 1: “A Typical Case of Dental Embezzlement”
Participants will be taken on a guided tour of a “typical dental embezzlement case”.
Drawing upon his experience and case files, Mr. Hiltz will describe the most common embezzlement schemes; how they were perpetrated and more importantly, the warning signs that were missed.
Did You Know? Most embezzlers are first time offenders who usually have worked at the practice for a few years or more, until they earn the trust of the dentist and become familiar with the way things work, and don’t work.
Participants will learn why certain fraud schemes can go undetected for years and result in staggering losses.
PART 2: Recognizing and Understanding Embezzlement Red-Flags
Employees who steal from the practice often display behavioral traits associated with their fraudulent conduct.
In 92% of cases the embezzler exhibited at least one behavioral red flag, and in 57% of cases multiple red flags were observed before the fraud was detected.
Understanding behavioral red flags will help practice owners improve their chances of detecting fraud early and minimizing their loss.
Participants will be introduced to operational red flags and statistical red flags and why they are early warning signs that something may be wrong.
The Presenter will provide participants with a checklist of important things they should and should not do when confronted with the real or likely possibility of employee embezzlement.
About the Presenter
William Hiltz is the CEO of Hiltz and Associates and the creator of Dental FraudBusters!
Bill is a pioneer in the forensic investigation of frauds committed against dentists and has a proven track record uncovering theft in dental offices and resolving complex business matters.
Bill has investigated and resolved countless frauds committed against dentists and also provides expert witness/litigation support services for dentists involved in civil disputes.
Bill earned his BSc and MBA degrees from Dalhousie University and holds professional designations in applied information and engineering technologies. He is an active member of several fraud organizations including the ACFE.
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