Check Kiting Is No Game
Despite the business community’s rapid adoption of digital payment methods, some companies continue to rely on paper checks. But there’s a long-standing problem with checks: they make businesses vulnerable to […]
Category: Fraud
Fraud Lurks Case Study: Expense Reports – On Steroids!
This is the fourth in a series of case studies of frauds/defalcations which I personally investigated. This month’s case study is entitled “Expense reports on steroids.” This fraud differs from […]
Typosquatters Are Leading Innocent Victims Astray
Typosquatting takes advantage of an inclination among internet users known as “fat fingers” — a tendency to hit the wrong keys and enter misspelled trademarks or brands. Like phishing, typosquatting […]
How to Comply With New Financial Crime Regulation: CTA
Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is part of the National Defense Authorization Act and requires certain […]
Is Someone Stealing Your Company’s Secrets?
Corporate espionage has long been a threat for U.S. companies. Recently, intellectual property theft by foreign governments and organized crime gangs has grabbed headlines — for good reason. According to […]
When For-Profit Colleges Deceive Students
For-profit colleges and vocational schools — especially online programs — provide degree-earning opportunities to many Americans who might not otherwise be able to pursue higher education due to financial pressures […]
Actively Look for Fraud and Reduce Financial Losses: Fraud Detection
The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than […]
What goes into a fraud damages calculation?
At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not […]
No disaster scammer is safe from the NCDF
What do COVID-19, major hurricanes, and West Coast wildfires have in common? All three have attracted scam artists, who have bilked disaster victims, charitable donors, insurance companies, and government agencies […]
3 ways fraud experts use data analytics
Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest […]
How to Conduct a Remote Fraud Investigation
Before the COVID-19 pandemic, most fraud investigations took place in the office or other work facilities. This made it easy for investigators to gather and analyze data and interview suspects […]
Fraud Lurks Case Study: I Love eBay!
This is the second in a series of case studies of frauds/defalcations which I personally investigated. This month’s case study is entitled “I Love eBay!” Similar to the first article, […]
