Embezzlement. Seen it happen at 3 different jobs across a decade. The first time it was my direct manager. She was led out of the office by security her boss and the VP of the entire company (big company, 5000+ people). She was kind of hated and it was really surreal. They had to threaten to call the cops there for her to finally leave, and I think the police were involved.
The worst one was the CEO of a small nonprofit. He was robbing Peter to pay Paul for years, and spending huge sums of money on “IT upgrades” (like moving the membership system to a different platform) to cover up the smaller but still large things he was doing. The company lost 3/4 of the staff and the office building iirc and still exists but is virtual only with a skeleton crew. Not sure why the people who stayed wanted to even stay at that point,.
The worst one was the CEO of a small nonprofit. He was robbing Peter to pay Paul for years, and spending huge sums of money on “IT upgrades” (like moving the membership system to a different platform) to cover up the smaller but still large things he was doing. The company lost 3/4 of the staff and the office building iirc and still exists but is virtual only with a skeleton crew. Not sure why the people who stayed wanted to even stay at that point,.