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Category: Fraud

Using Lifestyle Analysis To Find Hidden Income & Assets

Forensic accountants have many tools to help them find evidence of hidden assets or fraud. But one of the most effective, particularly in divorce matters or legal disputes with former

Some Online Sellers Burnish Their Reputations At The Expense Of Yours

Reports started trickling into state agricultural agencies in July: Consumers were worried about strange seed packets they had received in the mail. The unsolicited goods were not labeled and appeared

Getting The Goods On Inventory Theft

Maybe the numbers did not add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return

Discovering Fraud During This Economic Downturn

Fraud tends to flourish during periods of prosperity. The reason is simple: When companies experience fast-growing revenues and rising net profits, they may lack a strong incentive to divert resources

Three Steps Experts Follow When Investigating Fraud

When business owners suspect that an employee is stealing assets or manipulating financial results, it is time to call a fraud expert to investigate. Although the complexity of the incident

Five Ways To Protect Your Investment Accounts From Fraud

Because the average investment account boasts a much larger balance than a typical checking or savings account, cybercriminals are particularly interested in hacking them. Financial institutions are largely responsible for

Journal Entries May Signal Financial Statement Fraud

With a median loss of $954,000, financial statement fraud is the costliest type of white-collar crime, according to the Association of Certified Fraud Examiners. Fortunately, auditors and forensic accountants may

Be Aware – Organized Crime Has Adapted During the COVID-19 Crisis

Unlike some legitimate businesses, organized crime enterprises can be expected to weather the current COVID-19 crisis. In fact, with millions of Americans now working from home, organized crime-related cyber fraud

How Fraud Perpetrators Are Stealing Unemployment Benefits

When Congress authorized an additional $600 in monthly unemployment benefits as part of the Coronavirus Aid, Relief, & Economic Security Act, out-of-work Americans were not the only ones it helped.

Skimming May Sound Small, But Losses Can Be Significant

Skimming is not the biggest fraud threat for most businesses. The theft of cash receipts represents only 11 percent of asset appropriation schemes, according to the Association of Certified Fraud