An online MBA candidate related the following fraud story to me. My student worked in a 3-location North Carolina Dermatology office with 30 employees and annual revenue of $2 million.
The practice manager worked there for six years before she was convicted of embezzlement. She was forced to repay $15K as that was all forensic accounting could prove to be taken, though it was believed she took much more. Employees saw her use the cash drawer to pay bills and she was also the biller. She paid herself bonuses and she paid unearned PTO to herself and others. The business never recovered and closed a year later.