The Largest Employee Fraud Cases in 2025–2026 - Voronoi
May 29, 2026
The Largest Employee Fraud Cases in 2025–2026
Key Takeaways
The largest scheme involved a former CFO at the Detroit Riverfront Conservancy, who embezzled over $40 million over more than a decade.
The second-largest embezzlement scheme, totaling $38 million, was carried out by Santa Cruz County’s treasurer, Elizabeth Gutfahr. She wired county funds into accounts she had created for fake companies.
In many instances, employees in trusted financial roles were able to exploit weak internal controls. Often, they operated undetected for years while diverting funds.
