March 9, 2010 by Jared BilskiHere’s a sobering stat: The average case of employee fraud goes on for two years before the victimized employer catches wind of it. Read the rest of this entry »
Tags: ACFE, Anti-fraud trade group, Certified Fraud Examiners, Employee fraud, Fraudster, Personal finances, Red flags
March 5, 2010 by Jennifer Azara March 3, 2010 by Jared BilskiThe existence of ghosts, or other paranormal entities, is up for debate. But the existence of — and damage caused by — ghost employees has been well documented. Read the rest of this entry »
Tags: Accounting staffer, Bank statements, Ghost employees, Nonexistent employees, Payroll clerk, Payroll fraud, Processing payroll
February 25, 2010 by Jared BilskiWhile companies rely on peer-to-peer (P2P) file-sharing networks to help employees do their jobs more efficiently, hackers prey on these networks as a means of lifting confidential info. Read the rest of this entry »
Tags: (P2P), File-sharing exposures, File-sharing hackers, Peer-to-peer, Pfizer, Social Security numbers, Wagner Resource Corp.
December 31, 2009 by Jared BilskiMost finance chiefs would bristle at the notion of all-out T&E fraud by trusted employees. But these same CFOs have likely seen their fair share of padded expense reports. Read the rest of this entry »
Tags: Business trip, Complimentary food, Expense reports, Per diems, Rental car upgrades, T&E red flags
December 24, 2009 by Jared BilskiWhen it comes staffers using social networking sites in the workplace, many employers feel like their hands are tied. Read the rest of this entry »
Tags: Company's reputation, Confidential info, Facebook, HR, Social networking abuse, Twitter, Web use policy
December 8, 2009 by Jared BilskiEven though the majority of employees know not to lie about their T&E expenses, tools like this may make it too tempting for some. Read the rest of this entry »
Tags: Expense report audits, Fake receipts, Fourth Wall Restaurants, Maloney & Porcelli, Michael Stillman, New York Post, T&E fraud
November 17, 2009 by Shane BorerWhen this company couldn’t help but scale back on raises and reduce headcount, there was only one place it needed to look: this employee’s closet. Read the rest of this entry »
Tags: Auditor, Designer purses, Embezzling, Reduce headcount
November 4, 2009 by Shane BorerJust because your co-worker steals your credit card doesn’t mean he’s going to rack up as much in charges as possible. Read the rest of this entry »
Tags: Credit card theft, Discount club, Illegal goods
October 28, 2009 by Shane BorerAny member of your Finance team would be able to spot this scam from a mile away — so why couldn’t this bank? Read the rest of this entry »
Tags: Citibank, Fees, Nigeria, Scam, Wire Fraud
