A recent news today about a Stock Brokerage Firm called R&L Investment Inc. closed its doors to its investors after suffering a heavy loss of over Php 700-Million worth of investments not by a stock crash, but by a dishonest employee who pilfered his way to the fund since 2011.
According to the report from The Inquirer:
“The Inquirer obtained a copy of the letter of R&L Investments’ owner, Lucy Linda Lee, to PSE director Alejandro Yu narrating the details of the theft by the firm’s employee, Marlo Moron, who allegedly began dipping his hands into the firm’s stock inventory in small amounts in 2011—with the amounts gradually increasing as he was emboldened over the years.”
“The scam remained undetected over the years because the settlement clerk was the same person who was in charge of preparing the daily stock position reports for the owners—reports which he confessed to doctoring in a separate handwritten confession seen by the Inquirer.”
“Moron claimed to have acted alone, and said he was forced to steal in larger amounts over time because of a growing casino habit.” (Source: Inquirer)
To protect and prevent your business from such downfalls, it is recommended for applicants to undergo a Pre-employment screening through the Lie Detector Test.
It is a 98% accurate procedure that can protect your business by verifying and spotting lies during the pre-employment screening of applicants in their educational background, work experience, gambling and vices, debts and hidden tendencies to commit crime in your company.
A periodic clearance through a Lie Detector Test ensures that your business maintains honest employees, and to learn if they have done harm to your company during their stay in your workforce.
Truth Verifier Systems, Inc. is the first and most awarded Private Detective Company in the Philippines, business firms have used our pre-employment and periodic clearance services throughout the years to maintain honest employees, which leads to growth in their company.
To know more about the Pre-employment Screening and Periodic clearance through a Lie Detector Test, kindly contact us at:
Landline: 86347571
E-mail: truth@truthverifier.com or johnexosnulud@truthverifier.com
Trust, but verify.