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. [...]

Fraudsters Targeting YOU! Affinity Fraud Part 3 of 3

How to Avoid Affinity Fraud Part 3 of 3 Things to keep in mind: -         If it sounds too good to be true, it is. -         Never allow someone’s rhetoric to overpower your common sense. -         Take a few days to think about and examine any investment decision. -          A “best practice” procedure is to [...]

By |2021-07-16T00:02:45-07:00May 23rd, 2013|ponzi, ponzi scheme, church fraud, affinity fraud, fraudsters, scams, victims of fraud, charity fraud, audit partner|Comments Off on Fraudsters Targeting YOU! Affinity Fraud Part 3 of 3

Fraudsters Targeting YOU! Affinity Fraud Part 1 of 3

What is Affinity Fraud? I recently stumbled upon a 3-part video on Affinity Fraud, aptly titled Affinity Fraud: Preying on Those Who Pray. Every year, billions of dollars (in the U.S. alone) are stolen from unsuspecting victims of this kind of fraud. http://www.youtube.com/watch?v=vUv4dDavC6U&list=PLDF985F76B59B68E7&index=1 Simply put, although there’s nothing simple about it, affinity fraud occurs when [...]

By |2021-07-16T00:05:17-07:00April 30th, 2013|Forensic Accounting, fraud, madoff, ponzi, ponzi scheme, affinity fraud, fraudsters, scams, victims of fraud|Comments Off on Fraudsters Targeting YOU! Affinity Fraud Part 1 of 3
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