Is Your Company Vulnerable to Fraud? Part 1

Evaluate your business’ vulnerability with this simple checklist The opportunity for fraud in your business may be greater than you think.  It may be quite easy to pull off and it may come from one of your most trusted staff.  How does your company measure up in controlling the potential for fraud and what can …

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Choosing A Forensic CPA

The American Institute of Certified Public Accountants defines forensic accounting as “(T)he ability to identify, collect, analyze, and interpret financial and accounting data and information; apply the relevant data and information to a legal dispute or issue; and render an opinion.” (1) CPAs are often hired by clients and attorneys to conduct forensic accounting procedures …

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Ponzi is Not the Dude on Happy Days – Fraud in the Marketplace

A few years ago I was asked to be an expert witness on a federal court case involving several management members of an investment firm, which I will call Big Scheme (“BS” for short). BS was selling interests in foreign mortgage products. At least that’s what BS was marketing to unsuspecting investors in the U.S. …

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Fraud in the Workplace – A Novel Use of Bank Statements

Cora was a very bright accountant. She was also very creative at her job – especially when it came to stealing money from her company. Cora was the Controller for a commercial property management company, known as Promanco (well, actually, that’s not the company’s real name, but we’ll use it to protect the privacy of …

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