U.S. Department of Education Loses Millions in Fraud Case
By Joshlin Sheridan, Marketing —
Chicago Campus Trouble
Six former employees from the Chicago Campus of the Center for Employment Training have recently been charged with fraudulently taking federal financial assistance from local students. These employees included a director, an admissions advisor, financial aid officers, and a medical assistance teacher. They allegedly filled out financial aid applications for ineligible students and created fake diplomas to receive the funding. This scandal cost the Department of Education millions of dollars and these former employees could face five to twenty years in prison.
The Importance of Honest Employees
Situations, where employees steal, occur more frequently than you might imagine. Research shows that around 75% of employees have stolen at least once from their employers and that about 33% of all business bankruptcies are associated with employee theft. Whether on a small or grand level, employee theft gives a bad name to a company and can bring extreme financial loss. It is therefore crucial that businesses can ensure that their employees are honest.
A Solution to Promote Integrity
IntegrityDetect™ is a new technology that uses reaction time and other analyzing techniques to assess a person’s integrity. By assessing implicit associations of past memories and behaviors, the test can help companies quickly screen for honest employees and help ensure that current company employees aren’t likely to steal. Integrity assessment or employee integrity testing is a key step to hiring good and honest employees as well as testing current employees for fraudulent behavior. Could IntegirtyDetect™ help your company hire honest employees and reduce employee turnover?
Learn more about IntegrityDetect™ here: here
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Photo by / Sharon McCutcheon