Rarely do I see an item like this that mentions the employer bonded the employee. Here’s how the Happy Ending goes: Employee is convicted, the bond pays, the employer is made whole and stays in business. Why are employers so stupid as to not bond their employees who handle money?
Did you read the article correctly? The bank drove the store out of business by WRONGFULLY demanding repayment for funds withdrawn by an embezzling employee. Does anyone know how much a bond for this would cost? It’s irrelevant!
I agree with T. The store did not create the problem, the bank did by allowing access to the credit line without following procedure. As the guilty party, they pay.
bank ri did the same thing to me!!!!!!!!!!!!
i wonder how many other mistakes they have made, i bet all of their
customers would like to know what kind of bank they run!!!!!!!
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Rarely do I see an item like this that mentions the employer bonded the employee. Here’s how the Happy Ending goes: Employee is convicted, the bond pays, the employer is made whole and stays in business. Why are employers so stupid as to not bond their employees who handle money?
Probably the premium was “too much” at the time….
Did you read the article correctly? The bank drove the store out of business by WRONGFULLY demanding repayment for funds withdrawn by an embezzling employee. Does anyone know how much a bond for this would cost? It’s irrelevant!
I agree with T. The store did not create the problem, the bank did by allowing access to the credit line without following procedure. As the guilty party, they pay.
bank ri did the same thing to me!!!!!!!!!!!!
i wonder how many other mistakes they have made, i bet all of their
customers would like to know what kind of bank they run!!!!!!!