Go Back   DealershipForum.com > Dealer Talk > Automotive Discussions

Notices

Automotive Discussions Car People talking about the Car Business – This is the place where it happens

Reply
 
Thread Tools Display Modes
Old 04-14-2014, 02:25 PM   #1
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,869
Default Parts Manager embezzles over $140,000

News reports indicate a Parts Manager at a New Mexico dealership stole over $140,000 from the dealership. For the full report - click here

Apparently the Parts Manager was ordering high-dollar radio units from her OEM and then selling the radios via her personal Ebay account and retaining the funds. To help eliminate suspicion, the Parts Manager was assigning a different part numbers and part descriptions to the orders for the radios she was stealing.

From the perspective of a Dealer or General Manager this type of embezzlement would be pretty hard to detect until there was a physical audit of the parts inventory. About the only easy to identify signal would have been the increase in inventory dollars which the Parts Manager could have concealed by decreasing the depth of her inventory.

From the perspective of the Parts Manager, this is far from the perfect crime. What was this person thinking - it's only a matter of time before she was going to get caught.
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Morning everyone - GM Parts manager from Mass here zep33 Introductions 7 10-23-2012 09:25 AM
New Guy Parts Manager from Kansas Joker Introductions 11 06-06-2012 03:28 PM
New to a parts manager position Ranger505 Parts 18 04-30-2012 07:00 AM
Parts Manager Blog JoeRocket Parts 8 07-27-2010 09:47 AM


All times are GMT -7. The time now is 01:29 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016