How Fraud Perpetrators Conceal Their Illicit Activities
Employees who commit fraud typically strive to keep the schemes running as long as possible by concealing their activity from others. The success of thieves is largely determined by their […]
Category: Fraud
IRS Dirty Dozen Part 3 – Fake Charities, Deceitful Tax Professionals, and Social Media
Today, we continue bringing you the scams highlighted by IRS’s 2024 Dirty Dozen campaign, an annual list compiled by the IRS listing the most common tax schemes and providing taxpayers […]
IRS Dirty Dozen Part 2 – Fake Online Account Assistance, False Fuel Tax Credit Claims, and Offer in Compromise Mills
Last week, we introduced you to the IRS’s 2024 Dirty Dozen campaign, an annual list compiling the most common tax schemes. The campaign provides taxpayers with important information about how […]
IRS Dirty Dozen Part 1 – 2024 Campaign Kicks Off With Warnings About Phishing, Smishing, and ERC Scams
For over two decades, the IRS has issued the “Dirty Dozen,” an annual list of common tax scams and abusive tax avoidance arrangements that expose taxpayers to the risk of losing personal information, data, […]
Got Fraud Losses? How Experts Put a Number on Damages
If a fraud event causes substantial financial losses for your organization, you may opt to initiate legal proceedings against the guilty party, potentially seeking compensation in the form of compensatory […]
Charity Scams: A Small Business Perspective
Many businesses help their communities by donating to local charities. Although many nonprofits merit your support, some exist expressly to facilitate fraud. How do you avoid the latter? Before you […]
Tips for Investigating Employee Fraud Tips
Occupational fraud is a crime typically committed by employees against their employers. Ironically, employees are also more likely to recognize or suspect occupational fraud schemes perpetrated by coworkers or managers. […]
Preventing Fraud Losses Across Multiple Business Locations
If your company has several locations (such as with retail or restaurant chains), you have unique fraud-prevention concerns. After all, you cannot be everywhere at once. The more establishments you […]
Early Revenue Recognition: Not Just Bad Accounting, but Fraud
Financial statement fraud is the least common type of occupational theft (9% of incidents), yet it causes the most substantial financial losses for businesses, according to the Association of Certified […]
Manufacturers: Don’t Turn a Blind Eye to Occupational Fraud
Occupational fraud, or employee fraud, is a serious issue for all firms. According to the Association of Certified Fraud Examiners (ACFE), firms lose 5% of their revenue to fraud each […]
Keep Fraud Off Your Restaurant’s Menu
The restaurant industry is notoriously difficult, even without the numerous fraud risks. The truth is, when you’re working on razor-thin profit margins, you can’t afford to lose any money to […]
Generative AI Can Help Prevent, Detect and Investigate Fraud
Artificial intelligence (AI) is something you might be familiar with or have even used in the workplace. What about Gen AI (or generative AI)? Some well-known examples of Gen AI systems include ChatGPT […]
