All That Glitters Is Not Gold

BY JOSEPH T. WELLS

According to police, Jadyn Sessing, of Farmington, Minn., had a bad, bad gambling problem.

Authorities say that Sessing, an assistant day manager at Cooperative Plating, fed his addiction by stealing small amounts of silver from his employer over the past three years. Although the plant noticed the shortages right away, it initially was blamed on faulty equipment. It was not until the thefts got bigger—and the company upgraded security systems—that they connected Sessing to the fraud.

A grand jury has indicted Sessing, who allegedly sold the silver to a precious metal dealer, on seven counts of felony theft.

—Joseph T. Wells, CPA, CFE, the Association of Certified Fraud Examiners

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