Fraud and Forensics

Gift cards have become increasingly popular as holiday gifts and sales are expected to reach $30 billion in 2018.  Like individuals, businesses also find that gift cards are a convenient way to thank their employees and customers during the holiday season.
A shell company is an entity created without active business operations or assets.  While they are not illegal, sometimes shell companies could mean fraud.
Synthetic identity theft involves the creation of a fictitious identity based on a combination of real and fake information.  While criminals use only a portion of your stolen personal data to create the fictitious identity, that doesn’t necessarily lessen the negative impact to your credit. According to forensic experts, synthetic
There are many benefits of working with a family you love and trust. However, sometimes the trust family members have for each other is one of the things that create some major problems that compromise the business’s finances and longevity because it only takes one person to damage or destroy
A quality fraud investigation report can provide many documents, including witness interviews, paper trails and detailed facts uncovered in the process.
Despite the real threat and high cost of fraud, too many businesses fail to build fraud risk management programs that work.  If you have put off taking this important step toward protecting your company, now is the time to act.
Uncovering fraud doesn’t always require in-depth data analysis or forensic accounting techniques. Qualified experts also find basic managerial accounting practices are handy tools when identifying potential fraud,
A ghost employee is someone who appears on your payroll system, but who does not work for your company. The ghost employee can be a real person who is knowingly added to the payroll records, or a fictitious person invented by a dishonest employee.
The reasons why employees steal can be hard to predict.  In many cases, employees who commit fraud are the most likable people in the office — personable, helpful and good at their jobs. It’s not easy for companies to spot dishonest employees. So in addition to shoring up your internal
When employees steal, their colleagues are more likely to be aware of it than the managers in the executive suite, but they may be reluctant to “rat out” fellow workers.
Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting or misstating amounts or information to deceive auditors, shareholders and the public. However this fraud is committed, it tends to be one of the most costly schemes for the victimized companies.
When employees commit fraud, it can take months, even years, for their employers to discover the theft. But proactive fraud detection makes it possible for businesses to detect fraud schemes earlier - long before they generate significant losses.
The convenience of instantaneous information can blind us to technology’s drawbacks, including cyber attacks and data breaches. But there’s another, lesser-known technology-enabled crime to watch for — Automated Clearing House (ACH) fraud.
Many employers use background checks as a regular part of their hiring processes. If yours is a smaller organization, you may understandably feel pressured to hire good candidates quickly. After all, you don’t have the hiring resources of a larger organization and might really need the help. But, in today’s
Even an extensive fraud prevention program can’t guarantee your company will escape fraud-related legal action. If you decide to initiate a civil suit or press criminal charges against an employee involved in fraud, you’ll need every resource at your disposal. One of the most critical is the expertise of a
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