Avoid buying unreliable — or fraudulent — insurance coverage
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 […]
Category: Fraud
Fraud Lurks: In Your Employees Part 2
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
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?
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
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
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”
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
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 […]
The interview before the fraud interview
When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. After all, the complaint could […]
Divorce Fraud: When divorcing business owners minimize profits
Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets. […]
The Ugly Side of the Precious Metals & Stones Industry
All that glitters isn’t gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as […]
Deepfakes: The Newest Frontier in Fraud
Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why IT security companies update their software so frequently. The use of deepfakes (a word […]
