ZD,
I know of many, many non jewish and non frum places that do just that.
The worst I have personally observed was a place taking Hundreds of thousands for government grants that were not used for the correct purposes, not remitting hundreds of thousands for tax withholdings. Using the company money to pay off persona credit cards.
This was not a jewish entitiy. It was run by some person who had been written up as a superstar in the press including the NYT.
Yes it was reported to the government.