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Former employee accused of defrauding auto parts business of $294,000

Original: Former employee accused of defrauding auto parts business of $294,000 By Grace Crivellaro Timothy Ferris is accused of s

Timothy Ferris, a former employee of an auto parts business, is accused of defrauding the company of roughly $294,000. He is alleged to have stolen more than $90,000 directly and caused the business over $200,000 in additional losses by cancelling customer orders and misdirecting EFTPOS payments to himself. The case highlights how insider fraud schemes can cause losses well beyond the amounts actually stolen.

Why now: News of alleged insider fraud by a trusted employee has just been reported, drawing attention to the scale of the losses.

Timothy FerrisGrace Crivellaro

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Evidence

• Former employee accused of defrauding auto parts business of $294,000 By Grace Crivellaro Timothy Ferris is accused of stealing more than $90,000 and causing his former employer to lose more than $200,000 by cancelling orders and misdirecting EFTPOS payments. https://www.… · abcfeeds@rssfeed.media

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