An SBA Section 7(b) Economic Injury Disaster Loan (EIDL) Program provides up to $2 million to help business with fewer than 500 employees pay fixed debts, payroll, accounts payable, and other bills that can’t be paid due to the loss of revenue caused by a declared disaster. The loans cannot be used to cover lost […]
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Lapping is one of the most common ways crooked employees skim money from their employers. In these schemes, a perpetrator uses receipts from one account to cover theft from another. Here’s what lapping looks like and how you can help prevent it. Starting small Lapping scams usually start small, with an employee pocketing a payment […]
Read the full articleThe Ohio Bureau of Workers’ Compensation (BWC) announced that it will be issuing rebates again this year to private employers and public-taxing districts, who are up-to-date on their premiums. This is the fifth time, since 2013, that the agency has returned at least $1 billion to employers. The rebates are the result of strong investment […]
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Fraud experts have long known that “dark web” sites provide information, support and illicit goods to hackers and other criminals. But security company Terbium Labs recently published a report analyzing a treasure trove of fraud guides for sale on shady sites. These “educational” publications provide crooks with detailed instructions on exploiting security weaknesses to hack […]
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When businesses are defrauded, courts can — and in some states must — order restitution. But it isn’t always easy for judges to decide how much a company has lost. That’s where fraud experts can help. Benefit of the bargain At first glance, calculating restitution may seem easy: Someone steals $25,000, so he or she […]
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