Accell Group (Raleigh, Diamondback) Employee Stole $4.4M

[Jeff Barber]

Just saw this in the news today: A Taiwanese employee of Accell Group, distributors of Raleigh and Diamondback bikes, has been accused of secretly withdrawing (read: stealing) up to 4M Euros (roughly $4.4M USD.) The interesting thing is that even with this, the company says it had a really good year, mostly thanks to hot sales of e-MTBs in Europe.

I have two questions: 1. how the heck does someone not notice when $4M goes missing? and 2. Is Accell Group hiring? 🙂

[Greg Heil ✓ supporter]

I wonder what the time frame was for the theft? It seems that most cases of embezzlement take place over the course of years or even decades. $4 million over the course of 20 years would be more difficult to spot.

[schwim ✓ supporter]

$4 million over the course of 20 years would be more difficult to spot.

Not if if was from my account 🙂

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