Posts Tagged ‘fraud’
Post 4 of 5: Opportunities for Fraud
In our 3rd post on fraud, we discussed 3 Key Elements of Fraud in any Business. To recap, the first two elements were: Pressure Rationalization Opportunity is the third element and what we are going to focus on today. Opportunity, or a favorable juncture of circumstances, is the element over which employers have the most control after the employee…
Read MorePost 3 of 5: The Key Elements of Fraud
Let’s continue our discussion on fraud. (For our 2nd Post on fraud with recent examples we’ve seen, click here.) FRAUD \ noun\ ‘fröd\ Definition of FRAUD 1a: DECEIT, TRICKERY; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right. In other words, fraud…
Read MorePost 2 of 5: More Fraudulent Disbursement Schemes
Fraudulent disbursement schemes provide a unique opportunity for the fraudster. The company is essentially “tricked” into making a legitimate- looking disbursement. Unlike larceny or skimming schemes, the employee is not even physically required to take custody of the funds; the money can be converted indirectly by the employee through a third source, such as a shell…
Read MorePost 1 of 5: Recent Examples of Fraud We Have Seen
Is An Employee Stealing From You? Fraud presents itself in many ways in businesses! Over the years, we have seen dozens of examples of employee fraud. From buying personal gasoline and clothing on company credit cards to dispersing additional payroll checks to themselves, employees find creative ways to steal from their employers. We’ve had numerous…
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