As a forensic accountant with decades of experience handling financial fraud investigations, I’ve seen firsthand how employee fraud can quietly infiltrate—and wreak havoc upon—a business.
An employee who embezzles affects a company’s ...
embezzlement fraud
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We often associate financial fraud with shady characters doing deliberately dishonest deals. But as a forensic accountant with long experience conducting financial fraud investigations, it’s clear to me that anyone—no matter how trustworthy ...
A thriving company with 60 employees, a warehouse buzzing with activity, and a future full of potential. Then, at the hands of a trusted employee turned fraudster, the business is reduced to just five workers and is being run out of a ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
Hiring a business valuation expert to provide an opinion on the value of your business can ensure that you and your legal counsel are equipped with the needed intelligence to make informed decisions at every stage of a dispute.
But an ...
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 ...
No one on the verge of a wedding wants to think about the potential end of their marriage. But divorce rates remain high, and facing this reality with a prenuptial agreement can allow a couple to clearly define the financial terms of their ...