Bread Bandits: How Embezzlement Can Destroy Restaurants

Jim Serpico: Bread For The People - Sourdough, Pizza & Life

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Jim Serpico discusses the prevalence of embezzlement in the restaurant industry, sharing personal anecdotes and industry insights. He highlights various methods of embezzlement, including skimming and creating fraudulent disbursements. Serpico shares stories of individuals, like producer David Ozer and pizza maker Andrew Bellucci, who were involved in financial fraud. He underscores the importance of robust internal controls and vigilance to prevent such crimes. The episode encourages restaurant owners to share their experiences and reinforces the necessity of being proactive against embezzlement.

SHOW NOTES:

00:00 Introduction and Welcome
00:29 Weekend Recap and Episode Introduction
00:43 Embezzlement in the Restaurant Industry
01:05 The David Ozer Story
07:01 Real-Life Embezzlement Cases
12:33 Understanding Embezzlement and Prevention
19:40 Conclusion and Final Thoughts

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