Word: brueckner
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Dates: during 1950-1959
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...Newark neighbor's of Brewery Cashier George J. Brueckner wondered how, on take-home pay of $87 weekly, he managed to own two cars, keep a daughter in college, and plunk down $23,000 in cash for a house. The answer: he withheld receipts sent to the brewery to perfect his own "unbeatable" system of betting on the horses, but contrived to balance the company books at the end of each month. Finally, the shortage reached $125,000 and Brueckner could cover up no more. He confessed, and was sentenced to prison for embezzlement...
With as many variations as victims involved, the case of George Brueckner was repeated thousands of times in U.S. businesses last year. After totting up all the figures, Baltimore's Fidelity and Deposit Co., the nation's No. 1 bonder of business employees, estimated last week that during 1955 businessmen lost some $500 million from employee embezzlement -almost as much as they lost by fire...