An Ill-Fated Scheme and a Voodoo Spell

October 2020 Fraud lurks in dark corners and hidden spaces.  It’s often found where one would least expect it, whether a Ponzi scheme perpetuated through a religious organization or other strong affiliate network, a caretaker pilfering from a family member’s asset accounts via financial elder abuse, or when a trusted employee realizes he can exploit [...]

Fraud in the Time of Coronavirus

April 2020 The unfortunate counterpart to system and personal vulnerabilities are those looking to exploit them for gain.  The current circumstances surrounding the current coronavirus (COVID-19) are no different. The US Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have issued numerous warnings regarding fraudulent activities related to COVID-19.  U.S. Attorneys’ offices [...]

When Employee Dissatisfaction Becomes Employee Theft

Many organizations suffer from varying levels of employee discontent.  Certain employees may feel, rightly or wrongly, that they are not being properly compensated for their contributions or otherwise treated incorrectly.  Some of these employees, feeling their own financial pressures and given the opportunity, will take matters into their own hands. This combination of financial pressure, [...]

Survey Reports Substantial Pressure to Misrepresent Financial Results

February 2019 A recent survey of 306 accounting and finance professionals, including more than 200 controllers from the U.S., Canada, Europe, Asia, Africa and Latin America, describes that almost two-thirds have experienced pressure to “cook the books”. The survey was conducted by Dimensional Research and sponsored by FloQast, an entity which provides management software for [...]

The Deepening Crisis of Financial Elder Abuse

October 2018 America’s aging population, who hold trillions of dollars in assets, are a common target for financial abuse.  Every year, millions of American seniors are scammed by fraudsters who exploit their financial vulnerability, or in some cases diminished cognitive capacity, through a variety of financial