Dental Embezzlement News
Issue #34 --May 2015
Did you miss a previous newsletter?  We archive them here.
See Us Live!
Here are some of the places we are speaking soon.  We'd love to see you at one of them.
May 8 Danville District Dental Society, Danville IL
May 9
American Association of Endodontists, Seattle WA
May 12 Hampshire Dental Society, Holyoke MA
Jul 15 Altura Periodontics, Denver CO
Jul 17 Patterson Dental, Nashville TN
Jul 31 Arkansas Association of Orthodontists, Little Rock AR
Sept 11
Northeastern Society of Orthodontists, Providence RI
Sept 25 Sikka Summit San Francisco CA
Oct 30 Team Orthodontics, Phoenix AZ
Nov 5
ADA Annual Meeting, Washington DC
Nov 6 Dr. Bruce Fraser Study Club, Columbus OH
Nov 10 Limestone City Study Club, Kingston ON
Nov 13 Academy for Orthodontic Excellence, Newport Beach, CA
Nov 24 Lexington Oral Surgery Study Group, Lexington KY
Our presentations have great titles like "How To Steal From A dentist" and "How NOT to Hire the Wrong People in your Practice".
To book a great speaker for your meeting or study club, please send an email here  or call us at 888-398-2327.
Prosperident's Mission
 “We eliminate uncertainty for dentists with embezzlement concerns and maximize financial and emotional recovery for victims.”

Our Newest Team Member
We are pleased to have Janie Rompala, from Oswego IL, join us as an Intermediate Analyst.  Welcome, Janie!


A Contest -- We Need Your Sound Bite!
Prosperident is collaborating on an exciting new product soon to be launched.  We are looking for quotable quotes about embezzlement that we can use, and we are offering some prizes for winning entries.
Finish the sentence below for and send your answer to
We will select three winning answers for use in marketing materials. We will not use any personally identifying information, and winners will have the chance to approve or veto the presentation before we quote them.
Winning entries will receive a $500 Prosperident gift certificate that may be used in any of the following ways:
·Toward purchase of any products from our electronic store at
·Toward any investigative service they purchase  in 2015
·As a credit against the purchase of our new (and still top secret) product
To enter, please complete the following sentence and email it to us at the address above:
The thing that concerns me most about embezzlement in my office is ...

How to Tell If Embezzlement is Happening in Your Office

By William Hiltz MBA CET
I have been investigating frauds committed against general dentists and specialists for over a decade.
Several years ago I was approached by a specialist at the trade show of a dental convention. He had attended my fraud presentation that day and wanted to talk. He regaled me with his determined effort to find the “smoking gun”, that irrefutable piece of evidence that would prove an employee was stealing. The specialist told me that he had spent over 80 hours self-investigating his practice. He detailed steps taken during this self-investigation and was confident that, after reviewing hundreds of transactions, his office was fraud free.
I advised him that his conclusion may be wrong.  In a confident way, he challenged me to show him why his self-investigation could be flawed. I think he believed he had handed me an impossible task, because he was expecting me to need to review financial reports, audit logs and computer data from his practice and all of that information was located several hundred miles away.
William Hiltz is Prosperident's Chief Operating Officer, and oversees Prosperident's team of fraud examiners.  

This article originally appeared in The Profitable Dentist, Summer 2012,
Listen to Dr. Mark Costes interviewing Prosperident Supervising Investigator Wendy Askins on embezzlement -- click here
A Note From Our CEO:
Will security cameras covering my front desk stop embezzlement?

I get asked this question a lot when I am speaking to groups of dentists, so I decided to share the answer, and the reasons behind it, with you.
I have seen some consultants advocate cameras to counter embezzlement; their arguments center around deterrence and increased possibility of detecting a thief. 
While I think front-desk cameras may be a good idea for other reasons (such as catching couriers who, finding your front desk unattended, take the opportunity to steal something), their impact on embezzlement is minimal. 
The first thing I'll mention is that we deal with hundreds of embezzlement matters each year, and I can't remember a thief ever being caught on camera in one of our investigations, despite working in a number of offices where cameras were present.
I think there are two reasons why cameras are ineffective at stopping embezzlement.  
1.  Monitoring is virtually impossible. I've often said that cameras have value for events when the time of the event can be approximated.  If a monitor is stolen from your reception area, it is possible to determine within a short time window when that took place, so it is easy to review video footage.
However, embezzlement can happen at any time, so the amount of video to watch is huge. If your office is open for 35 hours per week, and you need two cameras to properly cover the front desk activity, you are capturing 70 hours of video per week.  When are you going to watch it all?  Even sped up by a factor of 5, you would need to devote 14 hours per week to watching this video, which is a commitment that I'm pretty sure most dentists will not make.
2.  Thieves Adapt.  If you have an undetected embezzlement taking place and you install cameras, a thief will plan how to continue embezzling without being caught on camera.  And judging from what we see, they are very likely to succeed.
So what does work in controlling embezzlement?  Since the majority of embezzlers display at least two "embezzlement-like" behaviors, the best detection tool available is our Embezzlement Risk Assessment Questionnaire.  You can get yours here.

Thanks, as always for reading.

David Harris, MBA, CPA, CMA, CFE, CFF
Chief Executive Officer
Prosperident -- The world's largest dental investigation embezzlement firm