Frisch’s Restaurants has filed a lawsuit against one of its former top executives, “claiming he stole at least $3.3 million over the last seven years,” Cincinnati.com reports. The former employee, an assistant treasurer, worked with the company for 32 years. Frisch’s officials are still trying to determine how the former executive “allegedly managed to program the company's payroll computer to pay himself hundreds of thousands extra annually.”
Unfortunately, this is not the first business to have an unassuming former employee steal from it. Checks and balances can and should be implemented to protect company assets.