Practice Embezzlement, What You Need to Know with Financial Forensic CPA David Harris

Welcome to the Golden Age of Orthodontics with Dr. Leon Klempner and co-host Amy Epstein. In this episode, we dive into a crucial yet often overlooked issue in dental and orthodontic practices—embezzlement. Today’s guest is  David Harris, CEO of Prosperident, the world’s largest firm investigating financial crimes committed against dentists, who shares eye-opening statistics on how pervasive embezzlement is in orthodontic practices. David sheds light on the behaviors of those who steal, the fine line between delegation and abdication, and the essential steps your HR department must take to protect your practice, including rigorous pre-employment screening. The key takeaway? More orthodontists will be embezzled than won't, making vigilance and proactive measures essential to safeguarding your business. Don’t miss out on this information-packed episode.IN THIS EPISODE: [2:39] Amy introduces David Harris, CEO of Prosperident, a firm expert in addressing dental practice embezzlement[4:12] David explains the pervasiveness of the embezzlement problem and outlines statistics of practices who have experienced embezzlement[12:29] David discusses the difference between delegation and abdication and the behaviors of people who steal[19:31] Pre Employment screening is a must for hiring, and David shares other practices that your H.R. Department must put into place[24:23] Discussion of a proximity tag on your computer and what is the next step if someone is stealing from your practiceKEY TAKEAWAYS: More Orthodontists will be embezzled than won’t.Practitioners don’t have the time to monitor the bookkeeping aspect of their business, while the thief has all the time in the world to devise a plan to steal.An employee will gain your trust before they steal from you.RESOURCE LINKSPeople + Practice  - Website Dr. Leon - EmailAmy - EmailPeople + Practice - EmailProsperident - WebsiteProsperident Phone Number: 888-398-2327BIOGRAPHY:   David Harris may have the coolest job in dentistry - he gets to chase and catch those who steal from dentists. A rule-breaker in his youth, David changed his direction and has spent much of his adult life in the world of investigation andEnforcement, where he uses his unrivaled ability to understand the criminal thought process to help educate and protect dentists. David is the Chief Executive Officer of Prosperident, the world’s largest firm investigating financial crimes committed against dentists. David is a licensed private investigator, a ForensicCertified Public Accountant and a Certified Fraud Examiner. He is the author of the definitive book on embezzlement, the most recent Healers versus Stealers: How to Outsmart the Thief in Your Dental Practice. In addition to being a prolific author, David is a frequent presenter at regional, national, and international dental conferences, and his vast wealth of experience, coupled with his keen sense of humor, makes David both an engaging and entertaining speaker.In recognition of his long and distinguished service to the dental profession, David is one of a handful of non-clinicians to be honored with a Fellowship in the International Academy of Dental Facial Esthetics.