Summary
This case was important for two reasons. First, it was a bellwether deciding that an employee bookkeeper can be liable for assisting in fraudulent schemes representatives of the company perpetrate and can be found to have breached a fiduciary duty to the company. Secondly, forensic accountants, in determining damages, should now be alerted and alert attorneys to this possible liability of an employee bookkeeper.
See Also
Schiano v. Harsanyi
This case was important for two reasons. First, it was a bellwether deciding that an employee bookkeeper can be liable for assisting in fraudulent schemes representatives of the company perpetrate and can be found to have breached a fiduciary duty to the company. Secondly, forensic accountants, in determining damages, should now be alerted and alert attorneys to this possible liability of an employee bookkeeper.