Fraud Lurks

Fraud Lurks: Case Study #2: I Love eBay!

This is the second in a series of case studies of frauds/defalcations which I personally investigated.  This month’s case study is entitled “I Love eBay!”  Similar to the first article, the plan is simple – as most successful frauds are. Remember our three items related to defalcations: A well-designed, well-executed fraud is a thing of […]

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Fraud Lurks: Case Study #1: American Express Gone Wild

Despite my attempts to keep these articles readable, I admit the last two were a bit technical.  I promised to lighten things up by providing case studies of frauds/defalcations, which I personally investigated.  This month’s Fraud Lurks case study is entitled “American Express Gone Wild” and involves a simple but ingenious plot whereby the administrator […]

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Fraud Lurks: Business Risk Assessment – For YOUR Business

This is the fifth installment of our “Fraud Lurks” series.  Like any good mini-series, each article can stand on its own but is most valuable when read in context with the earlier articles.  This month we will build on the premise that all businesses should conduct a Business Risk Assessment and make certain internal controls […]

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Fraud Lurks: So you need internal controls – MUST READ

This is the fourth installment of our “Fraud Lurks” series. In the initial article, I pointed out an all too common fraud technique using information found on any corporate check. The second and third installments concentrated on occupational fraud which is generally internal fraud, using statistics in the 2020 Global Report to the Nations published […]

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Fraud Lurks: In Your Employees Part 2

Last month’s Fraud Lurks article featured employee fraud/embezzlement – part one.  The article referenced the Association of Certified Fraud Examiners (ACFE) report on the costs and effects of occupational fraud.  www.acfe.com>reporttothenations. That report suggests occupational fraud is rampant and every organization needs to be cognizant of it and its potential effect.  As discussed in Fraud […]

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