What reasonable steps could Auto-Owners have taken to prevent such internal fraud? Kenneth Wulf worked in the
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Kenneth Wulf worked in the claims department of Auto- Owners Insurance Company for ten years. When the department received checks, a staff member would note them in the file and send them on to headquarters. Wulf opened a checking account at Bank One in the name of “Auto- Owners, Kenneth B. Wulf.” Over a period of eight years, he deposited $546,000 worth of checks that he had stolen from Auto-Owners and endorsed with a stamp that read “Auto-Owners Insurance Deposit Only.”
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Business Law Today The Essentials
ISBN: 978-0324786156
9th Edition
Authors: Roger LeRoy Miller, Gaylord A. Jentz
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