Tag Archives: fraud

Oh No You Didn’t! 3 Tips for Employee Fraud Prevention | Business.com

As a small business owner, you might be well-versed in fraud prevention. However, many employers fail to realize that fraud can happen anywhere, by anyone – including your own workers.

No matter how close your team might be, or how careful you are when recruiting, you should always be prepared for fraud by employees. Here are three employee fraud prevention tips for employers.

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New York Fed Chief Levels Explosive Charge Against Big Banks | Huffington Post

“There is evidence of deep-seated cultural and ethical failures at many large financial institutions,” he continued. “Whether this is due to size and complexity, bad incentives, or some other issues is difficult to judge, but it is another critical problem that needs to be addressed.”

via New York Fed Chief Levels Explosive Charge Against Big Banks.

Wal-Mart Mexico Bribe Inquiry Silenced | NYTimes.com

Wal-Mart dispatched investigators to Mexico City, and within days they unearthed evidence of widespread bribery. They found a paper trail of hundreds of suspect payments totaling more than $24 million. They also found documents showing that Wal-Mart de Mexico’s top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart’s headquarters in Bentonville, Ark. In a confidential report to his superiors, Wal-Mart’s lead investigator, a former F.B.I. special agent, summed up their initial findings this way: “There is reasonable suspicion to believe that Mexican and USA laws have been violated.”

The lead investigator recommended that Wal-Mart expand the investigation.

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Bright idea cuts ATM fraud | NZ Herald News

When Michael Turner started at the BNZ in his mid-20s, he was stuffing credit cards into envelopes in the mailroom.

Now, aged 46, he has invented a system to prevent one the most common causes of credit card fraud.

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