https://www.marketwatch.com/story/digital-vp-for-red-sox-sports-channel-charged-with-embezzling-500-000-from-network-11643947439
The reminds of the a similar scam a Sacramento Kings employee committed, but in reverse. It was done on the AR side. He convinced sponsors to pay a generic Sacramento basketball LLC instead of the Kings themselves, including millions from the arena’s naming sponsor.
Your post sparked some interest with me, but if you look at the details, he allegedly has some exposure to sports betting technology via his NESN role (not sure how):
I'm guessing he added sports betting to his summary because it's a hot new industry.
Because all they want to do is broadcast sports games, but in order to renew their deals with the different broadcast platforms they have to pretend they are a regional sports network. So they do the bare minimum to look like one.
I remember this story when it first came out and I still cannot fathom how he thought he'd get away with it, especially after leaving the Kings and no being in a position to deflect attention from the scam.
That's always the question. Sometimes they just don't think about anyone ever finding out, other times they think they'll figure out a solution, and still other times they have an exit strategy. A shit ton of hubris is a pre-requisite: a friend of mine was embezzling millions from a major pharmaceutical company, I found out later that he was laying the groundwork for an ambassadorial appointment by a President Hillary Clinton administration to make himself untouchable. The company found out about the accounting irregularities in 2015 after being tipped off by someone internally, and after confronting my friend, he stormed out of the meeting with the general counsel, drove to his favorite golf club, ordered a crazy expensive bottle of wine, went over to the club's firepit and drank the bottle before blowing his brains out. Shit like this never, ever ends well, but if you're inclined to siphon large sums of money from big companies/entities, you probably have enough wrong with you that you think you won't wind up like others who tried.
Because it starts small and people get away with it so they grow the enterprise and figure if no one has noticed they aren't going to notice in the future.
One of my ex-girlfriend's bank job had this rule. Everyone had to take two full weeks off at once at least once during the year.
The mother of one of my daughter's friends was convicted a few years back of embezzling $300k from her employer. She was the bookkeeper and somehow was paying herself extra. She would schedule her vacations so that she always could do the payroll. She only got caught because she slipped on ice on the way into work and injured her knee and had to be taken to the hospital ... on payroll day. Supposedly she tried to get everyone to delay the hospital trip so that she could go into the office and get it done, even though she literally couldn't stand or walk, but the owner of the company insisted that her health came first.
That's actually an FDIC requirement. There are abilities to make an exception but those exceptions require fraud contingencies.
