Summit Loss Prevention
serves the following industries and their specific loss prevention and investigative needs based on more than two decades experience.
Internal Theft: Loss Prevention Consultation, Asset
Protection, Deter Losses, Internal Theft, Fraud, Avoid Lost Time,
Lost Revenue, Liability Claims, Investigation
As part of our loss prevention consultation services, Summit LP
conducts comprehensive investigations when theft is detected or
suspected, whether it's internal theft of goods by employees or vendors,
theft or embezzlement of cash by company personnel, or loss of product
from fraud, robbery or other external sources.
We provide our investigative services to businesses of all types and
sizes. We have performed thousands of investigations of all types and sizes, from cashier
fraud within a small family owned hair salon chain to a Hollywood
motion picture studio and the pre-release theft and sale of a major
holiday DVD release.
We can also provide Loss
Prevention Awareness Training for management and staff to help pro-actively deter losses from
occurring, as well as provide background checks and pre-employment
drug screening services to help improve hiring practices.
Internal Theft: A Costly Problem That Can Be Controlled
According to The Institute for Financial Crime Prevention, "The
largest single component of white-collar crime is internal theft by
employees." Employee theft costs US businesses more than $40 billion
or about 6% of total gross revenues.
Normally, before an
average employee would steal from their workplace, three basic
components need to be present, each of which
can be dealt with and controlled to a certain extent with the proper
policies and procedures in place:
- Personal Pressures - the stresses and problems of
everyday life can cause an employee to feel the need for money, whether because of
a family medical crisis, loss of a spouse's job, or due to a
substance or gambling addiction. Sometimes, even the most honest
of persons feels pressures that can cause them to make a bad
While employers have very limited control on the
external pressures affecting an employee,
resources exist, such as employee crisis counseling and help
lines, that can be established to assist them through the
stresses that could tempt them to break the law. We can help your Human Resource department
develop and implement these critical employee assistance programs.
- An Opportunity to Commit the Crime - employees can not steal
from you if you don't give them the chance. While a certain
percentage of employees will steal to seek revenge for a perceived
wrong done to them, or for the thrill of the action, most people
would never steal if they were not presented with the opportunity to
You can address four main areas of concern to help
reduce these potential opportunities:
- Poor internal security controls - such as video
surveillance, product placement & inventory control
- Too much
control placed with too few individuals - who watches the watchers?
Poor management practices - lax attitude toward company procedures
- Poor hiring practices - no, or limited, prescreening
of candidates for employment
To help reduce the opportunities to steal, Summit LP can conduct a Site Security Assessment to review
current security procedures, employee hiring practices, and other
areas vital to a strong loss prevention program.
- The Honesty and Integrity of Your Personnel - hiring the wrong
people can cost your company thousands of dollars a year. No résumé
or personal interview will reveal the information needed to detect a
dishonest individual. In today's world, a more thorough
view of a candidate's background is required to ensure the employment
of the right individuals.
Summit can perform
confidential and comprehensive background checks to help determine
the credibility and honesty of applicants. A few of the checks we
- Social Security Number verification
- Criminal and civil court records
- Financial, credit and bankruptcy
- Education and employment record verification
- Professional reference checks
We can also help establish a Drug-free Workplace Policy and
pre-employment drug screening program to help eliminate the
potentially dangerous and costly substance abuser from your
Successfully Resolving Internal Theft Problems: Summit Loss
Summit Loss Prevention Consulting is available to respond to the many acute
needs your business may have on a specific, case by case basis. We have
a proven record of conducting and successfully resolving many internal
For an example of how Summit LP has successfully conducted major
investigations that led to employee resignation or criminal prosecution, read the
Internal Theft Case Study: The Disappearing Discs.
To see how we can also positively affect smaller companies with an
internal theft problem, or other issues requiring an investigation,
such as drug abuse or sexual harassment, read the
Internal Theft Case Study: Just Trim a Little Off
For more information about Tony Jarana or how Summit Loss Prevention Consulting can help your organization, Call 317-363-8312 or send email to info@SummitLossPrevention.com.