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
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Category: Fraud
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 is possible that just when you have the greatest need, you
Keep Fraud Out of Your Law Firm
As counterintuitive as it may seem, law firms are not immune to criminal activity. Because some firms place enormous pressure on attorneys to produce billable work, they may be particularly
Something Is 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
Small Businesses, Big Fraud Risks
It is 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,
The Interview Before the Fraud Interview
When Anna, the chief executive officer of a small manufacturing company, received an anonymous report about fraud in the accounting department, she was not sure how to act. After all,
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
The Ugly Side of the Precious Metals & Stones Industry
All that glitters is not gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the ‘dirty’ proceeds of criminal activities such
When Divorcing Business Owners Minimize Profits
Dividing a marital estate is rarely easy, and it is made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide
Fraud Still Matters When Making Business Acquisitions
The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you are buying a company, it is critical to dedicate your