http://www.leaderpost.com/health/Money+thief+lands+jail+term/2332627/story.html
Summary
A 59-year-old Saskatoon man, Darcy J. Hemsworth, was convicted of pocketing over $40,000 from video lottery ticket machines. As a night auditor for the Senator Hotel, he committed thefts on many occasions over a year's time and had not returned any of the stolen money. His defense lawyer, John Hardy, argued for a conditional sentence on house arrest, due to his client's health problems and offer to find employment to pay off his restitution. In a pre-sentence earlier, Hemsworth claimed that he won $1,000 daily by gambling a few months prior to his conviction. Ultimately, the judge ruled for 1-year jail sentence and ordered Hemsworth to repay the loss to the hotel in addition to two insurance companies, due to his lack of remorse and abuse of his employer's trust. The judge also stated that Hemsworth was not a gambling addict and did not suffer from any depression.
Connections
The article provides an example for Chapter 14's cash short or over. Cash short is defined as the actual amount of cash not equaling the amount written in the company's books. A business owner will demand their clerks to pay the difference out of their own pockets, particularly when it involves significant amounts of money. Senator Hotel utilized legal measures to ensure that Hemsworth paid off the amount he had stolen and received the punishment for his crimes. Until Hemsworth is released from prison, the debit amount of over $40,000 will remain in the cash short or over account in the books of Senator Hotel.
Reflection
Since Hemsworth was an auditor, I believe he deserves a longer jail sentence for his unethical behavior. The Senator Hotel trusted him to sort through their money matters. Instead, he took advantage of his position and stole from the hotel. There are people in the world, like Hemsworth, who are stealing from their companies. Companies should set up a better system, where there are at least two auditors to check the book's figures. With two people checking, it will be more difficult for one person to steal from the company, since people can report on each other. Lastly, the government should enforce harsher laws to reduce the number of similar cases.
Subscribe to:
Post Comments (Atom)
I am perturbed by the fact that a man of Hemsworth's position, an auditor, could violate ethical principles he had been brought up to learn. I, too, agree that Hemsworth's punishment should be more severe, having betrayed his employer's trust and swindling them out of their money. In my opinion, I think Hemsworth should reimburse the money he had stolen as soon as possible instead of after being released from jail. An auditor is known for being fair and just, making sure financial information is valid, reliable, and adheres to the GAAPs. After this incident, the title of being an auditor has been devalued.
ReplyDelete-- Dickson To