When a fraud is discovered or even suspected it is important to act quickly. However, rushing in with all guns blazing is likely to panic the culprit, allow evidence to be destroyed and even result in claims for constructive dismissal! A measured response ensures evidence is protected, losses are minimized and there is more chance the perpetrator can be dealt with appropriately.
Mark Jenner & Co Limited is regularly asked to assist with managing a fraud response as well as investigating and tracing the losses themselves. Often the key outcome to any fraud investigation is a clear report that allows fair dismissal of a director or employee who has been stealing from the business. Other times it can be the tracing and quantifying the losses, in order that recovery of assets is possible.
When I was developing my specialist fraud service within the large accountancy firms, I was excited about the possibility of rolling out a dedicated fraud prevention product for large businesses… Read More »The Fraud Threat In Perspective
The need for a fraud investigation arises in a number of different ways. One of the most common is when a whistle blower informs the managers of a company that… Read More »How To Investigate Fraud
WHY PROTECT AGAINST EMPLOYEE FRAUD? According to the Association of Certified Fraud Examiners, businesses lose on average 7% of their revenue from fraud. In a recent survey of over 2000… Read More »Employee Fraud
The incidence of mortgage fraud appears to be increasing. Much of it has been coming to light as a result of the down turn in the property market that accompanied… Read More »Mortgage Fraud – Don’t Always Blame The Conveyance Process
The “credit crunch” was named after the irresponsible lending practices by the banks and other financial institutions that were out of control when they reached their peak in around 2007.… Read More »How Does The US Mortgage Fraud Problem Compare to That of the UK?
In recent years before the “Credit Crunch” the relaxation of lending criteria for those persons wishing to become property landlords meant that the number of people buying houses purely to… Read More »Mortgage Fraud in the Buy to Let Market
The Ponzi fraud is a classic example of an investment fraud. It dates back to early last century when Charles Ponzi came up with the idea of conning investors by using… Read More »Investment Fraud – Do We Ever Learn?
Fraud prevention measures are intended to reduce the risk of fraud. By anticipating what a fraudster might be able to do, and installing a number of cost effective controls, it… Read More »Fraud Prevention in Companies
If an employee steals from the organisation he or she is working for there are a number of ways in which this can be dealt with. The decision will no… Read More »Employee Fraud – the need for firmer action?
Prevention is better than cure – would seem to make sense in the case of fraud as it is in the case of your health. Fraud can cause a company… Read More »How to prevent fraud
