Indianapolis, IN, December 19, 2011 --(PR.com
)-- Employee theft has unfortunately reached an all-time high with over $40 billion lost per year, and Phenix Investigations, a leader in corporate investigative services, has seen a sharp increase in cases involving scrap metal and raw material theft.
To combat employee theft and decrease losses in the retail sector, which average around 1.6% of yearly sales, Phenix Investigations has formed a specialized team of professional investigators with the experience and resources to identify employee theft, organized retail crime and vendor fraud. Additionally, the team has expertise in investigations relating to the theft of scrap metal and raw materials, such as copper and steel.
Phenix Investigations recently investigated an elaborate theft ring at an Illinois industrial plant that reported losses of over $7 million in copper over a three-year period. Phenix Investigations was instrumental in cracking the case and identifying all six individuals involved.
According to statistics, a whopping 33% of business bankruptcies are directly related to employee theft and most employee theft isn’t recognized for quite some time, so it’s important for businesses to stay vigilant and immediately investigate any signs of theft. By investigating early signs of theft, losses will be minimized.
For more information on the investigative services offered by Phenix Investigations or to schedule a consultation, call (800) 980-9056 or visit the company website http://www.phenixinvestigations.com.
About Phenix Investigations, Inc.:
Phenix Investigations is a national leader in a broad range of investigative services, and specializes in solving workplace issues, employee problems, insurance fraud cases, asset searches, and locating and interviewing witnesses. The company was founded in 1994 and works primarily with corporations, law firms (and their clients), insurance companies, and government agencies. With services available throughout most of the United States, Phenix has a centrally located corporate headquarters in Indianapolis, Indiana.
Phenix Investigations, Inc.
2555 Fairview Place
Greenwood, Indiana 46142