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Must Do Background Checks on Employees/Partners

I will never forget the day…when Heejin discovered that as much as $150,000 had been stolen from JVM Lending. Our bookkeeper at the time had difficulty explaining what happened to a large cash reserve we had, and this aroused Heejin’s suspicions. Upon further investigation, Heejin starting finding numerous checks that had clearly been forged, and the embezzlement was uncovered.

This had been going on for almost 15 months in 2010 and 2011. What made it especially painful is that it was done by an employee we hired, befriended and trusted.

What made it even more painful is the fact that a 15-minute background check would have indicated to us that the employee had a history of such activities.

We were “too busy” to do background checks back then, “too busy” to audit our books, and “too busy” not to be fooled.

Now, lesson learned, we always do background checks. Every employer needs to do background checks on every employee no matter what.


Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 01524255, NMLS# 335646