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As a forensic accountant, I've seen firsthand how technology can be both a blessing and a curse for businesses. Many companies are using third-party platforms to perform finance functions, including accounts payable (AP) and accounts receivable (AR). These digital...
In a striking case that underscores the vulnerabilities many businesses face, a former legal secretary at a Roanoke, Va., law firm was recently sentenced to 30 years in prison for embezzlement, credit card fraud, and forgery. The conviction followed a financial...
Leading a business isn't just about making decisions—it's about setting the tone, inspiring trust, and fostering a culture of integrity. Yet the pressures of achieving financial targets amid complex market dynamics can sometimes overshadow...
As a business owner, forging relationships with vendors is essential for supporting your operations and fueling growth. What happens, however, when the trust you’ve placed in your external partners is betrayed? Unfortunately, this is a question too often faced...
If you’re running a business, few things can be as devastating as employee fraud. The financial impact can be severe, your company’s reputation might be damaged, and the betrayal of trust may poison the workplace culture. Given the potential damage fraud can inflict,...
More often than not, trustees, executors, and attorneys-in-fact act in good faith and with the best interests of the trust or estate they are managing in mind. Even so, beneficiaries should remain vigilant. Fraud cases involving those entrusted to manage a...
Your vigilance against employee financial fraud may be the essential thread holding together the intricate fabric of integrity and trustworthiness in your successful organization. From the pilfering of office supplies to more insidious acts of financial...
Consider this scenario: Maria is a volunteer at a nonprofit organization providing educational support to underprivileged children in her community. She has been helping out for years and is a trusted member of the volunteer team—so trusted, in fact, that she is...
Business owners who suspect fraud is being committed by someone in their organization might be forgiven for believing their story has just become a tragedy. Trust is, after all, the backbone of any successful business, and discovering fraud can shake an owner’s faith...
The threat posed by rogue employees is real—and expensive. Every year, five cents of every dollar a business earns is stolen by internal fraudsters, according to data from the Association of Certified Fraud Examiners, with the average loss from a fraud case now...
Recently, our team completed a significant financial fraud investigation for a small business that fell victim to the three-headed monster of employee fraud, waste, and abuse. Investigating this employee embezzlement case reminded us once again that—though the...
The Ponzi scheme just won’t go away. In fact, fraudsters have been particularly adept at updating their schemes with new technology and new pitches to potential victims—a fact that further complicates the ability of legal professionals to investigate and...