Former Auto Body Office Assistant Gets Two Years in Prison for Embezzlement
A former office assistant for Kim’s Autobody in Springfield, Ill., will spend the next 27 months in a federal prison for defrauding the body shop of approximately $500,000 over a five-year period.
Ex-Service King CFO Sentenced For Embezzlement
Daniel L. Mangini was sentenced April 13 to three years in prison for his role in embezzling more than $2 million in funds from the business and company owner.
CA Insurance Commissioner’s Cousin Charged with Insurance Fraud, Embezzlement Totaling $300,000
Auto insurance claims adjuster Paul Poizner, cousin of California Insurance Commissioner Steve Poizner, has been charged with 60 counts of auto insurance fraud and embezzlement, the Los Angeles Times reported. Paul Poizner, an adjuster for California Casualty Management, is accused of submitting auto claims totaling more than the repair cost and pocketing the difference –
Keep the Cash Flowing
Profitability and cash flow aren’t the same thing: You may have a backlog of profitable jobs scheduled, but no money to pay the bills. How do you overcome this? Learn to manage three things: owner’s extras, accounts receivable and accounts payable.
