Fraud Investigation Articles

Fraud is an ever-present threat for construction businesses, both in the office and on jobsites. That’s why contractors must leave no stone unturned when trying to prevent it.

Conditions are ripe during the COVID-19 crisis for dishonest employees to steal assets, engage in corruption schemes and/or misstate financial results. Here’s a look at the fraud triangle and how the motive, rationalization, and opportunity to commit fraud has grown during the pandemic.

Employee benefit plans are often vulnerable to fraud, but there are ways for business owners and managers to minimize risks.

Dishonest employees can make big money using phony expense reports, stolen cash, and billing fraud, which cost companies more than $7 billion according to an annual worldwide survey conducted by the ACFE.

Social Security fraud is on the rise, and cybercriminals are specifically targeting people of retirement age. It’s more critical than ever to remain vigilant about protecting yourself from identity theft and to take steps to secure your personal data.

Fraud can have a major impact on a company’s value. In their 2016 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners (ACFE) estimates that companies lose approximately 5 percent of revenues to internal theft and financial misstatement each year.