Posts tagged as:

fraud

How to Minimize the Chance of Employee Expense Reimbursement Fraud

by John July 27, 2010

Employees often incur expenses on behalf of their employer and then submit expense reports for reimbursement at a later date.  This common business practice is very useful because it allows businesses to operate efficiently without unnecessary delays related to petty cash disbursements.  Unfortunately, expense reports are one area that can allow easy pickings for employee theft.  According to the Association of Certified Fraud Examiners, [...]

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Fraud Happens…Even in Your Company

by John June 29, 2010

The trust and optimism of business owners and managers never ceases to amaze me. No matter who I approach regarding fraud deterrence services they will tell me that fraud “doesn’t go on around here,” and “I trust my staff implicitly.” These are the same people who, once a fraud is uncovered, will say, “I never [...]

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Avoid Cyber Crime By Keeping Your Eyes Open … Literally!

by John May 28, 2010

When attending the Windy City Summit last week, I had the opportunity to sit in on many of the fraud seminars. Two of the sessions were heavily focused on cyber crimes, including unauthorized intrusion into corporate computers and networks as well as identity theft. Specifically, there was a significant amount of discussion around hackers getting [...]

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What Do Treasury Professionals Care About?

by John May 25, 2010

I noticed that treasury professionals are taking a more visible role in the purchasing of insurance, setting business interruption values at risk, and settling property and business interruption insurance claims. I’m not sure if this is due to the impact on treasury and cash during these economic times, if it is a function of eliminating [...]

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Does This Fraud Scenario Sound Familiar to You?

by John April 16, 2010
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I hate to read articles like Businesses are Prey to Embezzlement from the Atlanta Journal Constitution. I hate it because the events that unfold in this article lead to a result that is unnecessary and make me sound like a broken record. I understand that business owners are reluctant to spend a few thousand dollars [...]

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Use a Certified Fraud Examiner to Review Business Partner Expense Reports

by John April 5, 2010

When you’re a business owner, your business partner can be your best friend or your worst nightmare. Your business partners are the people you should be able to trust the most, because they are the individuals who stand to lose or gain the most if the business fails or succeeds, right?  So why would an owner steal [...]

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The Fraud Triangle: Opportunity

by John March 22, 2010
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Criminologist Donald R. Cressey identified three traits that are commonly present when people perpetrate fraud. Cressey created an hypothesis known as the ‘fraud triangle.’ The three sides of the fraud triangle are: 1. Rationalization – Since the majority of individuals who commit serious occupation fraud are not career criminals, they feel a strong need to [...]

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The Fraud Triangle: Rationalization

by John February 25, 2010
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Criminologist Donald R. Cressey identified three traits that are commonly present when people perpetrate fraud. Cressey created an hypothesis known as the ‘fraud triangle.’ The three sides of the fraud triangle are: Rationalization – Since the majority of individuals who commit serious occupation fraud are not career criminals, they feel a strong need to justify [...]

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Tales of Intrigue and Deceit

by John January 27, 2010
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Join me when I appear as a guest on the radio talk show, Work Does Matter with host Denise Rubin.  The topic is, “Why Should I Care if Someone’s Ripping Off the Boss?”   Because I’m a Certified Fraud Examiner, I’ll be the expert discussing fraud in the work place, which happens WAY more than [...]

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How to Avoid Giving to a Fraudulent Charity

by John January 19, 2010
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It makes me proud to be an American when I see the generosity of my friends and neighbors, who like millions of other Americans have stepped up their charitable giving in an effort to ease the pain of the victims of the devastating earthquake in Haiti. Like many others, I want to ensure that the [...]

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