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There's Got to be a Better Way to Test a Firm's Internal Controls
Upon being caught stealing cash red-handed, the Santander financial planning advisor said, "Oh good, you caught me," reports Clusterstock's Courtney Comstock. "Thief" Steven Heer, 30, had been working at a Santander Bank branch when he was caught on tape putting $7,900 in cash into his pockets in a back room.
Yet, rather than simply admit guilt, Mr. Heer said he had a perfectly reasonable explanation for taking the cash: to highlight the "lax security" at the bank.
Yet, there are doubters. For one thing, the alleged thief didn't tell anyone at the bank that he was planning to test the security, Second, he was caught on tape - something he probably didn't anticipate.
An 8-2-240 Sentence. The end result is that Mr. Heer was sentenced to jail for 8 months, suspended for 2 years, and ordered to do 240 hours of unpaid work. He has since been fired by the bank, has repaid the cash and was also ordered to pay related costs.
His lawyer said his client "still can't explain why he did it in the way he did. He's disgusted at the shame he has brought on his family." Mr. Heer had worked at the bank's branch in central England for 10 years making £40,000 a year. [Clusterstock, 1/13]

