The $$13$ Million Man

When Jerry Terranova, a $20-$year$-$old from Chicago, moved to New Port Ritchie, Florida, a suburb of Tampa, a family member who was employed by American Insurance Company suggested that he ap for a position there. Shortly thereafter, Jerry was hired as a data entry clerk in the Corporate Contro Department of the insurance company. A minimal background check was completed since this was a low$-$entry position. From the beginning, Jerry was well liked by his associates and his management t After one year, his supervisor rated him above average and quickly provided him with many new challenges and additional responsibilities. Jerry gave everyone the impression that he had plenty of money. His hobbies, like refurbishing antique automobiles, were expensive. Jerry constantly offered advice on how to make fast cash. His favorite pastime was betting on sporting events, especially footb games, with a local bookie.

The American Insurance Company $($AIC$)$ was established in $1867$ and is considered one of the strongest financial institutions in the world. The headquarters is located in New York City and has representation $20$ countries around the world. AlC sells life and health insurance, pensions, annuities, $401KS,$ and auto and home insurance. AlC employs millions of people in sales and back$-$office operations in $30$ dispersed locations. The administrative office in Tampa handles the accounting function for the company

ON THE RADAR

I was in my office in New York City as part of a Special Investigation Unit when I received a telephone call from Dan Murray, a collection manager of a federal credit union in Sonoma, Arizona.

"How can I help you?" I asked.

"Well," he began, $"$my president has released a memorandum to all employees that any deposit of $$20,000$ or more should be reviewed and possiblv investigated. On the date of the memorandum, I