Research suggests that family businesses may be more vulnerable to fraud. Prevention efforts can be hampered by loyalty and affection. For example, it can be awkward to exercise authority over one’s family members, which is essential to carrying out most internal controls. Also, even when legal action is an option, families rarely want to pursue
Fraud Archives - Page 5 of 9 - Crawford Ellenbogen
Jul 15, 2020
Jun 30, 2020
Is there a fraud perpetrator behind those behavioral issues?
- By Victor Dozzi
- Fraud
- 0 Comments
The most common behavioral red flag exhibited by occupational fraud perpetrators is living beyond their means. This may be tough to spot if you don’t work closely with a fraud suspect. But as the Association of Certified Fraud Examiners has found, more obvious non-fraud offenses may correlate with criminal actions. For example, many perpetrators had
Jun 2, 2020
Don’t get shortchanged by a liquidating business
- By Joan Ellenbogen
- Fraud
- 0 Comments
If your business is a creditor of a liquidating company, you may have trouble getting back what you’re owed. It can help to get a solvency opinion, which determines whether the company could meet its long-term interest and repayment obligations when it made (or didn’t make) creditor payments. Experts apply three tests to the subject:
May 27, 2020
Recent efforts to corral COVID-19 fraudsters
- By Joan Ellenbogen
- Fraud
- 0 Comments
The novel coronavirus (COVID-19) pandemic has opened the floodgates to scam artists attempting to profit from sick, anxious and financially vulnerable Americans. On the frontlines fighting fraud are the Federal Trade Commission (FTC), U.S. Justice Department (DOJ) and other government agencies. Here are some of the fraud schemes they’re actively investigating — and the perpetrators
May 14, 2020
5 ways to protect remote workers — and your business — from cyberattacks
- By Joan Ellenbogen
- Fraud
- 0 Comments
Many businesses were unprepared when the novel coronavirus (COVID-19) pandemic required them to close their physical offices and shift to remote operations. Your company, for example, may have had to scramble to set up a virtual private network (VPN) or move files to the cloud. And while adapting to working from home, employees may have
Apr 22, 2020
Apr 14, 2020
Mar 30, 2020
How COVID-19 poses new fraud threats to vulnerable businesses
- By Ellenbogen
- Business, Fraud
- 0 Comments
Mar 23, 2020
Mar 10, 2020
