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A Case of Misplaced Trust

Online Exclusives The IIA Jan 15, 2019

A long-time company employee steals $4 million to fund her business venture.

Jane Dosh was the comptroller and a trusted employee at Smith Interior Design Co. (SID), a small and close-knit professional services firm catering to high net-worth families and individuals, for almost 15 years. As comptroller, she managed many aspects of SID’s financials — such as paying bills, managing payroll, and purchasing supplies for the company and clients — with oversight from Robert Smith, the company’s co-founder. Smith was responsible for monitoring the company’s finances. When he passed away in 2011, his financial responsibilities were added to Dosh’s workload, which meant she handled every aspect of the company’s finances with no oversight. She continued in that role for the next few years until she unexpectedly resigned on Dec. 31, 2016. 

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