According to BI a senior member of Bite Communications' finance team is suspected of embezzling nearly $3 million from the company, its corporate parent disclosed today in a delayed annual report.
San Francisco-based Bite's clients include Microsoft, Nokia,
Sony and Mozilla. The executive was not
named.
Next Fifteen, the British PR agency holding company,
disclosed in its annual report that the fraud was "an act of personal
embezzlement by a long-serving employee in a trusted position heading up the
finance team in the Bite office in San Francisco. This entailed a cheque fraud
over a number of years...
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