Good Acquisition? Not If Your Seller’s Hiding Something By: Anthony LaNasa If you’re considering buying a company, fraud may be the last thing on your mind. Unfortunately, you can’t afford to ignore the possibility that your acquisition target is hiding something […]
Financial Statement Fraud: Don’t Believe Everything You Read By: Anthony LaNasa Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the […]
Before You Scan a QR Code, Make Sure It’s Legitimate By: Michael Shoffner Technology has made seemingly everything fast, convenient and easily accessible. This is certainly true of quick response (QR) codes, those ubiquitous symbols you can find on everything from restaurant menus […]
Got Fraud? Call a Forensic Accountant By: Anthony LaNasa Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. […]
How Safe Are Your Business’s Paper Checks? By: Anthony LaNasa Recently, the Financial Crimes Enforcement Network (FinCEN) told U.S. financial institutions to exercise caution when processing paper checks because they might be fake. Paper checks? Didn’t those go the way […]
How to Outsmart Social Media Scammers By: Anthony LaNasa With billions of users worldwide, social media platforms can be a breeding ground for illicit activity — from simple identity theft to sophisticated and wide-ranging fraud schemes. Here’s an overview […]
That Investment Opportunity Could Be a Pyramid Scheme By: Anthony LaNasa The “investment opportunity” someone just pitched could be a legitimate way to get in on the ground floor of a soon-to-be profitable business. However, it could also be a pyramid, […]
Turn that Fraud Dispute Into a Loyalty-Building Opportunity By: Anthony LaNasa If customers report fraud or suspicious charges on their accounts, what might seem like a challenge can actually be an opportunity for your business. Handle these disputes efficiently and you […]
Can You Spot Fraud Perpetrators? Look for Bad Behavior By: Anthony LaNasa Ask any business owner whose company has been defrauded by an employee, and you’ll probably hear a common refrain: “I never would have suspected that person!” In many cases, spotting […]
What Business Owners Can Do About Insurance Fraud By: Anthony LaNasa According to various sources, around 10% of all insurance claims involve fraud. Insurance companies generally pass along the cost of these fraud losses to policyholders in the form of higher […]
Keeping Debtors Honest With a Solvency Opinion By: Anthony LaNasa Are you worried your business won’t receive what a liquidating creditor owes it? In most cases, liquidating companies come by their financially distressed situations honestly. But there’s always a chance […]
January Is the Cruelest Month for Retail Return Fraud By: Anthony LaNasa For many retailers, January isn’t just the first month of the year: It’s “return season,” when customers bring back their unwanted holiday gifts for refunds or exchanges. Return season can […]