Prevent Fraud

Indicators Of Potential Tendering Fraudster Economic Stress - Family illness - Divorce - Family unemployment - High Debt - Financial losses - Pressure of the world Life Style - Living beyond means - Possible alcohol or drug problems - Gambling Work Habit - Excessive overtime - No vacations - Excessive sick or vacation leave taken - Avoids or is too friendly to employees - Secretiveness or defensiveness - Turning down promotions or transfers - Avoidance by other employees - Officer's pressure to show good results - Job cutbacks or down sizing Attitude - Job dissatisfaction/unhappy employees - Feeling underpaid - Unappreciated - Greed Opportunities Behavior - Close association Suppliers/customers...

In this day and age of cyberspace, one can hardly abstain from availing of atleast some of the services that the Net has to offer. But as countless cases prove, the internet can also be a highly unsafe means of conducting transactions and day to day business. Protect yourself against internet fraud before it gets the better of you. Most internet fraud cases occur in financial transactions ranging from fake credit card payments to online auction of items that do not exist. If you are planning on starting an e-business or conducting transactions online, then it is best that you familiarize yourself with the tricks fraudsters have been pulling, and the legal antidote to them. Simple precaution can save...

For thousands of years investment advisors have been asking investors to give them money so they could invest it for them. Even after Charles Ponzi in the 1920's, investors have continued to give investment advisors money to invest. The mutual fund industry has been the largest vehicle, but is highly regulated and has produced few frauds. Unregulated investment schemes, such as PONZI schemes and its brother, pyramid schemes, have been the most prolific types of investment fund frauds. Hedge funds could be the next significant vehicle. Hedge funds have gained in popularity to a staggering investment amount of over $2 trillion, according to the SEC. Over 2,400 investment advisors have registered...

According to the Association of Certified Fraud Examiners' "Report To The Nation On Occupational Fraud And Abuse" (Report), "participants in the study estimate U.S. organizations lose 5% of their annual revenues to fraud. Applied to the estimated 2006 United States Gross Domestic Product, this 5% figure would translate to approximately $652 billion in fraud losses." Of course these organizations must pass on this cost to consumers. This translates into each of us paying approximately 5% extra for fraud when we purchase a good or service. If the average household spends $40,000 for goods and services each year, their annual cost of fraud is $2,000. Part of stopping occupation fraud is...

Almost everywhere we turn, trust is on the decline. Trust in our culture at large, in our institutions, and in our companies is significantly lower than a generation ago. Research shows that only 49% of employees trust senior management, and only 28% believe CEOs are a credible source of information. Consider the loss of trust and confidence in the financial markets today. Indeed, "trust makes the world go ‘round," and right now we're experiencing a crisis of trust. This crisis compels us to ask three questions. First, is there a measurable cost to low trust? Second, is there a tangible benefit to high trust? Third, how can the best leaders build trust in and within their organizations to reap the...

A Case Study in the Practical Application and Benefits of Surveillance in Today's Retail Environment. We hear every day how much employee theft is costing the small business owner. Last year the estimates claim a total loss of SIX HUNDRED AND SIXTY BILLION DOLLARS according to a recent report from the Association of Certified Fraud Examiners. Not only that, but a full 46% of that, almost half, or approximately three hundred billion dollars occurs in small businesses with fewer than 100 employees. THAT'S YOUR BUSINESS! That's Billion with a B, that's ten zeros. $660,000,000,000. Stop and think about that for a second. Seriously, STOP. Think about how much money that is. How much of that Six Hundred...

The Internet has profoundly revolutionized all aspects of our lives, both personal and professional. It has literally opened up communication with a whole new world, a place in which many people spend almost as much time engaged in as in their physical one. While this new world is exciting for online business, laying the groundwork for establishing trust is imperative. Webster’s defines “Trust” as a “Firm reliance on the integrity, ability, or character of a person or thing.” Trust is an essential component to any good relationship, particularly in people-powered industries such as consulting, recruiting, education, childcare, healthcare, and professional services. Jupiter Research, one of...

  According to the Association of Certified Fraud Examiners, frauds due to financial pressure during the recent economic downturn have increased.  While this claim is not surprising, it may also not be accurate.  Certainly, frauds and thefts have increased in the past two years.  But they have also increased almost rhythmically over the past 20 years. There is an underlying inference that fraud and theft are caused by hardships.  This is completely untrue. When I entered the investigative field in 1979, I operated on the assumption that seniors did not steal unless they were in great need, that most thefts were caused by low-income people, and that workplace fraud & theft was an uncommon...

Insurance fraud accounts for about 40 billion dollars in losses each year- sometimes ranging as high as 80 billion, and as economic downturns and unemployment worsens, so too does the occurrence of what is commonly referred to as 'opportunistic fraud'. Basically, this is when the policy holder has a claim that is legitimate, but pads their claim a bit to get a higher payment- and it is on the rise. You may be thinking that this only impacts the insurance companies, however year after year as this continues to escalate, policy holders find that it gets more and more expensive to insure. Basically, insurance fraud cost families roughly anywhere between four hundred and seven hundred dollars per year...

e theft can take a big bite out of your business’s bottom line. In fact, the Association of Certified Fraud Examiners reports businesses lose approximately six percent of their revenue from employee theft. Small businesses suffer more because they often have limited resources they can devote to detecting theft. No matter the size of your budget, there are steps every business can take to protect itself from losing money to unscrupulous employees. Start by creating a positive work environment. This will encourage employees to follow established policies and procedures. Fair employee practices, written job descriptions and clear procedures all lead to a better work environment. Managers should...

A case held in court will generally be a battle between two sides. In the criminal courts this is the authorities against the alleged crooks. In the civil courts it is two parties to an argument. The only people in the court totally independent are the judge, jury and expert witnesses. An expert accounting witness is an accountant. He will have qualified as an accountant with a reputable body such as the Institute of Chartered Accountants in England and Wales, and will therefore have the accreditation of Fellow of the Institute. However he may well be a full time expert, dealing only with cases that need expert technical accounting and business input in order to assist the court in making its...

Before we get started lets clarify what a Fidelity Bond is. A "Fidelity Bond" is another name for a Commercial Crime Policy. Many Agents consider it a surety bond but it is not it is a form of insurance that protects the employer from theft of a employee "According to research conducted by the Association of Certified Fraud Examiners (ACFE), U.S. organizations lose an estimated 7 percent of annual revenues to fraud. Based on the projected U.S. Gross Domestic Product for 2008, this percentage indicates a staggering estimate of losses around $994 billion among organizations, despite increased emphasis on anti-fraud controls and recent legislation to combat fraud." -acfe.com" A Fidelity Bond protects...

Are you searching for information related to accounting separation or other information somehow related to government, or inventory? If yes, this article will give you helpful insights related to accounting separation and even somehow related to software developers and free accounting software review that you might not have been aware of. Suddenly, information that you need to run the company is at your fingertips. Of course, this information is couched in financial terms. That's the language your accounting system uses. However, it's not complicated and-with help from this book-it's not foreign. The Accreditation Council for Accountancy and Taxation, a satellite organization of the National Society...

If you follow current events, you know that no business, no region is immune from the threat of embezzlement. It's an unfortunate reality that employers need to vigilantly safeguard their assets from those they must trust the most: their own employees. Embezzlement often increases during difficult economic times, which may explain increasing reports of employee fraud. Experts now indicate that employee fraud costs businesses about 7 percent of their profits (Association of Certified Fraud Examiners). It causes a third of all business bankruptcies (U.S. Chamber of Commerce) and a fifth of all business failures (American Management Association). ACFE research shows that the businesses most commonly...

Everyone has some "Bernie Madoff" in them. It is said that for the "right price", many people might compromise their values. Fortunately, the vast majority of us have high moral and ethical standards so fraud is not even a consideration. For those very few who have a feeling of entitlement, how do we protect ourselves from them? Occupational fraud comes in a variety of types and forms. It can be perpetrated by many individuals within an organization. The term "occupational fraud" may be defined as: "The use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization's resources or assets." According to a study published by the ACFE...

There are so many different majors to choose from when attending college that it can be very stressful. If you are uncertain about what you specifically want to do with your life after college, you might just want to take general courses until you make a final decision. For those that know what they want to do for the rest of their life, choosing a major is easy. But finding financial aid that is specifically geared towards a specific area of study is not so easy. There are plenty of scholarships available to students studying a specific industry. It is just a matter of doing the needed research to find the ones that are targeted toward your career choice. If numbers have always been your thing...

er of the fraud cases included in the Association of Certified Fraud Examiners 2008 Report to the Nation on Occupational Fraud and Abuse reported losses of over $1 million- the median loss incurred by companies in the study was $175 000. Anyone is capable of committing fraud, however, according to the Association of Certified Fraud Examiners, fraud is much more likely to occur by those in accounting and upper management positions. In many cases, fraud activities are conducted by first time offenders. This makes the hiring process more challenging, as you cannot make any assumptions of future behavior based on examples from the employee's past actions. With this in mind, many of the precautionary...

False Assumptions about your yearly audit "We have an annual audit by a CPA firm. They will catch any fraud that's occurring." If you think your organization is fully protected because you have an annual audit of the financial statements, what percentage of frauds do you suppose are initially uncovered each year by independent auditors? Would you say at least 90%? How about 50%? Do you think it certainly must be at least 20%? According to a survey conducted by the Association of Certified Fraud Examiners (ACFE) in 2008, only about 9% of occupational frauds are initially detected by independent auditors. When a firm of Certified Public Accountants (CPA) conducts an audit of an organization's...

If your spouse is having an affair then you have likely noticed some obvious signs, but how do you come up with the proof in order to confront them? In this article I am going to show you a simple, yet effective way to catch a cheating spouse. I am also going to save you hundreds of dollars, because you do not have to hire a private investigator! Modern technology that is accessible to the public is now allowing an person to be able to catch his or her spouse cheating. It used to be that you had to hire a private detective to get this information, but not anymore! The first thing that you need to do in order to catch a cheating spouse is to conduct a reverse cell phone lookup. A reverse cellular...

If you only have a name how do you find out if someone has died? It's true that the less you know about someone then the harder it is to find them or to find out information about them but often it isn't impossible. I'll bet there have been times when you've thought about someone that you once knew well when suddenly you realized that you haven't seen them for years and you have no idea where they are now or if they are alive or dead. You might be thinking about someone right now. Not so long ago it would have been almost impossible to find your old friends unless you knew someone who knew where they were. Few of us have the money to hire a private detective to hunt them down either. Things are...

Doing a phone book reverse lookup is no longer an activity that only cops and private detectives can do. There was a time when if you needed someone to reverse look up a telephone number you would have to go ahead and hire a private detective agency or a cop. Hiring a private investigator meant spending at the very least $200 - $300 and waiting for results for at least a couple of weeks and hiring a cop wasn't any better or faster either. Nowadays however, you can use the exact same tools that police officers and private detectives use every day to bust cheating spouses or nail prank callers and the best part for you is that these services while not being free, they are extremely cheap. In fact, a...

Maybe you have tried looking up that number through free online searches. But you got no useful information from their. You even tried looking up possible people from your telephone directory. You even called that number but no one's answering. Even a friend tried to call that number that keeps on bothering you but to no avail. Now, you have decided. You need a better phone number trace technique. Only two methods are left--either you hire a private investigator or you pay a directory membership. For now, you want to try paying a phone number trace directory first before you hire a private detective. Besides, it's more practical than hiring an investigator. Plus, you have learned the former option...

Are you having notions that your partner is cheating on you or just need to find who a phone number owner is? Statistics have proved that one of the most usual forms of cheating is by using a phone. When you find who a phone number owner is, it can put your mind at ease and/or put you closer to the answers you seek. Here are some few tips to help you. • Connect to the internet with the browser of your choice. Type the telephone number you want to find information on into any search engine of your preference. Do not put the number in quotes. The format should be in this form 5555555555. However with this system you have just a 30% chance of success to find that particular number and any other...

Despite the varied specialties within the field of Infidelity Investigators New York work, their purpose is almost always the same - collecting and analyzing information. So how do they go about obtaining this sometimes coveted information? It depends on the case. For cases involving the investigation of an individual, a PI might use a variety of different records - some public, some not- such as tax records, voter registration, real-estate transactions and court records. Generally, there is much information available to the public, but a PI might have connections or methods that allow them expedient access to the relevant documents that would otherwise be difficult to obtain. However, some...

tart --> There are many reasons why you may want something investigating. Whether it is business, relationships, family matters, or trouble in your neighborhood. The main reason in today's society is normally to find out if a partner is cheating on you. There can be a hundred and one different reasons why you have your suspicions. Maybe you are a little paranoid, but there is normally enough evidence for you to believe something is going on, as sometimes it is just to blatantly obvious. Your see changes in your partner such as major dieting, which is completely out of the blue and totally out of character of them. If your partner has been out of condition, over weight, and suddenly joins a gym...

If you're wondering how to trace a cell phone number for free, then you've come to the right place. In this article I'm going to show you exactly how to do just that! But first I've got to tell you that there isn't a website online that allows you do trace a cell number for free. It would be impossible for a company to offer such a service, because it costs the company a lot of money to get hold of cell phone records and it costs even more to maintain the databases! But that doesn't mean you can't do one for free! There is a small chance you can, by doing your own private investigating. A lot of people have Internet access these days, and the majority of people online have some sort of web presence...

In the present world most businesses are looking for ways to verify your identity online, its not because they don't trust who you are, its because they would like to verify whether what you say is what you are. It may also be because a potential employee has asked you to do so or it may also be because you would like to know the background of an individual. The most definitive way of finding out about individuals online is through their SSN (Social Security Number). The next question on your mind maybe, How to find people by Social Security Number? Where do I find them ? Do I have to pay anything? We may have some answers. Lets Start with the Basics: What is an SSN? A number issued by the U.S...

I can imagine how important it is to know the identity of the person who called you up with a mobile when you were indisposed. The reason mobiles are widely used is that it allows users to become anonymous to whoever they call. The unfortunate thing here is that, the use of cell phones has been widely abused by numerous users to either torment or defraud innocent people. Your desire to find answers may have resulted in searching through the pages of public phone directories (which at times can take several hours to complete). The fact that a public phone directory does not contain information on mobile users is well documented. According to the laws of the United State of America, information on...

Today, people continue to search public records while the controversy goes on about the infringing of privacy. Doing lookups for marriage, civil, criminal, VIN decoders, driving, business, property transactions, phone numbers, birth and death records are just part of the list of records you can find for whatever reason or need you have. While there could be differences in the type of information you require, generally, there are 3 common ways people use to perform their checks: 1. Search public records in government agencies at the local and national level Favorite places that people go to search are the courts, churches, schools and community archives. The entire process can be rather tedious. You...

There are many ways to catch your wife cheating. In this article I have discussed a crafty approach, which will help you build a strong case so that you have an upper hand when you ultimately confront her. Shed moral inhibitions If you are trying to catch your wife cheating, the first thing you must do is to get rid of moral inhibitions, which may prevent you from monitoring your wife's whereabouts. Remember, if she is really guilty of infidelity, she breached the code of ethics first and there is no problem to resort to take certain steps that under normal circumstances should be regarded as improper. In an ideal world, going through your wife's handbags and checking her mobile phone in her absence...

Have you ever wanted to dig up some dirt on someone you know? Maybe you know someone that you are confident is hiding something and aren't being completely honest. In the past, in order to get this information you would have had to hire a private investigator and that would not only be costly, but it would take weeks to have a check done. These days, we have the internet and certain companies have taken out the hard, expensive work of hiring a private investigator by compiling this highly guarded information online. So you may be asking yourself, "What all is included in these background checks?" Honestly, probably more information than you previously were thinking. You can find out if someone has...

Five Easy Ways to Catch a Cheating Spouse Do you suspect that your spouse is cheating on you?  If you do, you may want to end your relationship.  This feeling is completely natural; however, before you decide to ask for a divorce, it is important to make sure that your spouse really is cheating on you.  The good news is that doing so is a lot easier than many originally think.  In fact, five easy ways that you can go about catching a cheating spouse are highlighted below. 1 – Follow Them Following a cheating spouse is one of the easiest ways to catch them in the act.  What you will want to do is choose your time wisely.  For example, choose to follow your husband or wife when they say they...

Employment locate might be the perfect solution for you if you are in desperate need of child support enforcement, but don't want to spend big dollars or hours to get the job done. To help get you started here are a few pointers. Many people are supposed to be getting child support every month but don't. This is where child support enforcement using employment locate comes in. You will want to work with an attorney to get that support you need, when you are supposed to be getting child support, but you are not. The attorney will know about child support enforcement using employment locate. There is a way that can be used to find the person who is supposed to pay the support every month but you will...

Trying to find people in Australia or any part of the world can be frustrating, stressful and costly. Hiring a quality Australian people search service can make your search less burdensome by putting highly skilled professionals to work for you. A specialized people search service will conduct a cost-effective search that maximizes the chances of a successful location. By contrast, hiring a non-specialist private investigator can waste valuable time and money. Private investigators may offer to find people in Australia without being true specialists. Many times non-specialist private investigators hire professional people finders when they find a search is out of their league. Clients too often...

If you have recently known new friends, you might want to consider performing a criminal record background check. Nowadays, corruption and fraud are so common. Sometimes, you never know. Who will expect that the 'honest' guy befriend you with a sinister intention? This is especially true for friends that you know online. I am not saying that every person you know online is a 'crook', but it is always better to play safe. A lot of people have been cheated of their money because they are too trusting. The most vulnerable people are those who are in a romantic relationship. You have probably heard of the saying, 'Love is blind'. Therefore, it is especially important that you conduct a criminal record...

Whenever you have problems that require some investigation in the Philippines, the country has a number of private investigators that will be able to help you out. There are several Philippine private investigation agencies that are usually affiliated with other agencies from other countries for cases requiring international assistance. No matter where in the world you are looking for private investigators, it is always important that you know how to find the right one that will be able to do the job well. You should have a pretty good idea on how to look for a good private investigator. The job that you require would depend on the expertise and the experience of the private investigator that you...

Deep down you are probably thinking that your spouse is probably cheating on you. Then you have to come to a conclusion. How do I go about confirming my suspicions? Do I just ask and hope that they tell me the truth? Do I need to hire a private investigator? Can I just investigate myself? Lets look at these questions in more detail. How do I go about confirming my suspicions? There are several ways to go about it. You could just ask them. You could hire a private investigator. You could investigate yourself. There are a lot of ways to expose a cheater. Unfortunately, there are pros and cons to consider for each method and it is not always an easy decision to choose which way to go about confirming...