fraud hotline

Top 5 most interesting facts from ACFE 2018 Report to the Nation

Every two years the Association of Certified Fraud Examiner releases a study on fraud in their Report to the Nation. The 2018 report was recently released and I found the following facts to be very interesting. Over $7 billion in total losses. This number continues to increase.   A majority of the victims recovered nothing. [...]

Association of Certified Fraud Examiners Release 2014 Fraud Report

Working with companies who have been victims of fraud on a regular basis, the report provided by the Association of Certified Fraud Examiners for 2014, hits the nail on the head. Here is a summary of their findings: Typical organization loses 5% of revenue each year to fraud. Median loss in their study was $145K. [...]

Former Detroit Mayor Back in the News

Former Detroit Mayor Back in the News In June of 2011 I wrote about former Detroit Mayor Kwame Kilpatrick, who has been back in the news, for a conviction on a plethora of charges, including racketeering, fraud, and extortion. He was found guilty of 24 of the 30 charges brought against him. Kilpatrick was joined [...]

By |2013-04-23T17:08:00-07:00April 23rd, 2013|city fraud, city mismanagement, financial fraud, forensic accountant, Forensic Accounting, fraud hotline, fraud prevention, government fraud, Kwame Kilpatrick, whistle blower|Comments Off on Former Detroit Mayor Back in the News

Municipal Fraud Prevention-West Linn, Part 3 of 3

Municipal Fraud Prevention Part 3 of 3 -          Have checks and balances, and routinely ask yourself if loopholes exist -          Cheap comes out expensive, hire external auditors, forensic accountants, and certified fraud examiners -          Turnover in your finance department isn’t always a bad thing- in some cases, an extensive level of familiarity breeds corruption -          [...]

By |2013-03-27T21:21:00-07:00March 27th, 2013|audit, city cfo, city fraud, city mismanagement, crappy accounting, forensic accountant, Forensic Accounting, fraud hotline, fraud prevention, government fraud, internal control systems, municipal fraud|Comments Off on Municipal Fraud Prevention-West Linn, Part 3 of 3

School District Fraud – Santa Clara

As moneys become tight and budgets continue to be squeezed, financial vigilance must be increased.  Anti-fraud controls must be developed.  Systems must continue to be reviewed and analyzed to reduce the chance of fraud. This problem at the Santa Clara Unified School District may have been averted with proper internal oversight.  The link will also [...]

New Work for State Auditors!

A new senate bill will give California State Auditors the right to dig into the books and expenditures of cities. This in in response to the Bell scandal. Apparently 50 groups have been ratted on by whistleblowers!

By |2011-02-26T00:24:00-08:00February 26th, 2011|audit, auditors, City of Bell, financial fraud, Forensic Accounting, fraud, fraud hotline, internal control systems, non-profit, non-profit fraud, whistle blower|Comments Off on New Work for State Auditors!

Find the salami … Sniff Sniff !

CFO magazine cites a 2009 study by Benjamin Luippold, an assistant professor at George State University on how to con the auditors.Distract and divert the auditors attention from the place you want them to look. You will succeed with your con.Now it's been "scientifically" tested. All you auditors and forensic accountants out there ... Use [...]

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