How to keep fraud out of your law firm By: Anthony LaNasa As counterintuitive as it may seem, law firms aren’t immune to criminal activity. Because some firms place enormous pressure on attorneys to produce billable work, they may be particularly vulnerable […]
Small Business, Big Fraud Risks By: Anthony LaNasa It’s not always easy being small. For one thing, small businesses (with fewer than 100 employees) experience higher occupational fraud losses: a median $150,000 vs. $140,000 for larger companies, according […]
Be careful when claiming “Made in USA” By: Anthony LaNasa Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website […]
Fraud Lurks: In Your Employees By: Stanley Olejarski CPA CGMA We are all rightfully concerned about external schemes to defraud companies by would-be perpetrators wreaking havoc by hacking into our IT systems. However, the fact is the vast majority of […]
The interview before the fraud interview By: Anthony LaNasa When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. After all, the complaint could […]
Divorce Fraud: When divorcing business owners minimize profits By: Anthony LaNasa Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets. […]
The Ugly Side of the Precious Metals & Stones Industry By: Anthony LaNasa All that glitters isn’t gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as […]
Deepfakes: The Newest Frontier in Fraud By: Anthony LaNasa Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why IT security companies update their software so frequently. The use of deepfakes (a word […]
Fraud Still Matters When Making Business Acquisitions By: Anthony LaNasa The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you’re buying a company, it’s critical to dedicate your full attention […]
Factor in Fraud When Selling Customer Invoices By: Anthony LaNasa If your business struggles to generate steady cash flow from operations, factoring is a possible solution. With factoring, a business sells the right to collect on customer invoices to a […]
How To Reduce Accounts Receivable Fraud Risk By: Anthony LaNasa One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you’re aware of these accounts receivable fraud schemes and take steps to prevent […]
Making an Estate Plan? How to Avoid Fraud & Fraudulent Transfers By: Anthony LaNasa If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can […]