1. You are president of a large, privately held business entity. As a result of an internal investigation, you determine that Frank Flagrant, one of your up and coming vice presidents of the company, has been embezzling funds for the last two years. You conduct an internal investigation and determine the amount of misappropriated funds may exceed $500,000.

Identify all of the choices that you have in pursuing actions against Frank Flagrant including all actions that may be taken against him through our legal system.

With respect to each choice, identify:

1. How the action will proceed.
2. The benefit to the company in taking such action.
3. The risks or adverse consequences that may result to the company in taking such action.