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Businesses and other organizations can implement standards to avoid fraud

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WILLMAR -- A small company's purchasing agent was having personal financial difficulties and worked out a deal with a vendor in which the agent would buy only the vendor's product. In return, the agent would overcharge the company and pocket the difference.

The scheme continued for about a year and half until the company noticed that its gross profit margin was going down. The company investigated and discovered it had lost more than $100,000.

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David Little
David Little covers the Willmar City Council, Willmar Municipal Utilities and other city news.
(320) 235-1150
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