Fraud

How to keep fraud out of your law firm

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 to fraud. Your firm needs to know what to look for and how to protect itself from potential schemes perpetrated by partners, associates, and support […]

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Small Business, Big Fraud Risks

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 to the Association of Certified Fraud Examiners. That’s because they don’t always have the staffing or financial resources to implement fraud-prevention programs. Small businesses are […]

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Be careful when claiming “Made in USA”

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 and social media accounts that its goods were “Made in USA,” even though most of them were imported. This is a violation of the FTC […]

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Fraud Lurks: In Your Employees

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 corporate fraud is occupational fraud – committed and concealed (for a while at least) by company employees. Since 1996 The Association of Certified Fraud Examiners […]

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The interview before the fraud interview

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 be accurate, but there was also a chance that it wasn’t. She called her company’s attorney, who recommended a forensic accountant to investigate. He also […]

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