Cash Talks — and Fraud Experts are Listening By: Anthony LaNasa Fraud perpetrators take whatever they can get their hands on. But they generally prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even […]
Keeping your loyalty program safe from fraud By: Anthony LaNasa To generate revenue and foster customer loyalty, many businesses, including retailers, airlines, and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers, […]
How to defend your auto dealership from fraud By: Anthony LaNasa Although auto sales plunged at the start of the COVID-19 pandemic, they’ve since rebounded. In fact, some auto dealerships are reporting record sales in 2021. Problems remain — including supply […]
How to Fend Off “Friendly” Fraud By: Anthony LaNasa Fraudulent behavior isn’t necessarily perpetuated by people hiding their identities. For example, legitimate customers sometimes use the credit card chargeback process to their advantage — and to the disadvantage of […]
Avoid buying unreliable — or fraudulent — insurance coverage By: Anthony LaNasa Bad faith denials of claims by insurers are illegal, but some dishonest companies or agents attempt them anyway. It’s possible that just when you have the greatest need, you’ll find […]
Fraud Lurks: In Your Employees Part 2 By: Stanley Olejarski CPA CGMA Last month’s Fraud Lurks article featured employee fraud/embezzlement – part one. The article referenced the Association of Certified Fraud Examiners (ACFE) report on the costs and effects of occupational fraud. […]
Assess your supply chain’s fraud risk By: Anthony LaNasa The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to […]
Something’s Wrong in Your Office. Is it Fraud? By: Anthony LaNasa Not all red flags lead to active occupational fraud schemes. But when fraud is occurring, it usually leaves traces — for example, accounting anomalies — for fraud experts and other […]
How to keep fraud out of your law firm By: Anthony LaNasa As counterintuitive as it may seem, law firms aren’t immune to criminal activity. Because some firms place enormous pressure on attorneys to produce billable work, they may be particularly vulnerable […]
Small Business, Big Fraud Risks By: Anthony LaNasa It’s not always easy being small. For one thing, small businesses (with fewer than 100 employees) experience higher occupational fraud losses: a median $150,000 vs. $140,000 for larger companies, according […]
Be careful when claiming “Made in USA” By: Anthony LaNasa Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website […]
Fraud Lurks: In Your Employees By: Stanley Olejarski CPA CGMA We are all rightfully concerned about external schemes to defraud companies by would-be perpetrators wreaking havoc by hacking into our IT systems. However, the fact is the vast majority of […]