Today Governor Evers signed Assembly Bill 968, proposed by the bipartisan Speaker’s Task Force on Elder Services. Rep. Doyle served as the Vice-Chair on the Task Force, authored the bill, and had the following to say:
“The bipartisan Speaker’s Task Force on Elder Services set out to identify ways to improve the quality of life for Wisconsin’s senior population. As the Vice-Chair of the task force, I traveled around the state to hear about the lived experiences of our senior citizens and the folks that work with them.
One thing we heard over and over was how rampant financial fraud against elders was becoming. We heard how easy these fraudsters had it with the explosion of cryptocurrency kiosks. In fact, by some estimates, more than 90% of the money that moves through those machines is related to fraud.
No one should have to worry about fraudsters hiding behind screens. So, my…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.