Business interruption claims

In uncertain times, many businesses are shut down, but will their business interruption policy kick in? Business interruption or BI losses are less tangible than direct physical losses. The insured needs to un understand the wording of the policy and how it affects the loss calculation.  Both the nature of the loss and the specifics […]

Corvid19 frauds top 1 million dollars

The ingenuity of fraudsters never ceases to amaze me.  Since the start of the pandemic, the number of frauds related to the Covid19 virus has escalated, with the first Corvid19 related fraud reported in early February.  Losses top the fraud have already exceeded the million-dollar mark and are escalated as fear spreads through the community. […]

Forensic Restitution

  Forensic Restitution is a boutique white-collar crime investigation company specializing in forensic accounting, computer forensics, eDiscovery, data analytics, fraud risk assessments, loss adjusting & claim formulation, cybercrime, crime prevention, Anton Piller investigations and helping clients with financial and commercial investigations. The Toronto-based firm also assists companies to prepare and testify in criminal and civil […]

Financial Statement Fraud

Financial statement fraud is big business. The pressure to keep up the appearance that a company is doing well is immense. This type of fraud is unique. Usually, a large number of people are involved, with the benefit of the fraud realized by the participants in gains on the stock exchange, bonuses for meeting targets, […]

Fake IDs used in $8-million scam

Fake IDs used in $8-million scam

 Modern technology is great, however it’s an unwilling partner in many a fraudster’s toolkit. False identification can be created quickly for use in various fraudulent schemes. The equipment required is fairly basic: just a little plastic card printer and photo-editing software. It’s scary that these realistic ID cards can pass scrutiny. CTV recently broke a story […]

Protect yourself from get rich quick schemes

Protect yourself from get rich quick schemes

Looking to invest? Don’t get caught up in something that looks too good to be true: something with lucrative – and quick – returns. Do your due diligence before committing financially. Global News reported on a Toronto-based mortgage firm facing two lawsuits after Peel Regional Police launched a criminal investigation. One investor indicated that he’d […]

Protect yourself from investment fraud with these 4 tips

Protect yourself from investment fraud with these 4 tips

Investment fraud is easier to recognize when you know what it looks like. To protect your money and achieve your financial goals, it’s important to stay ahead of scammers. You can minimize the risk of falling victim to investment frauds by spotting common red flags, including: High returns with low risk. In general, higher-risk investments […]

5 scams that fool even the smartest victims – protect yourself

5 scams that fool even the smartest victims – protect yourself

Think you can’t be tricked be the latest frauds and scams? Companies continually work harder to protect your data from attacks, but fraudsters are also working harder to access it, which can leave your personal and financial information at risk. Scams to Watch For: Home improvement scams The costs for renovations can add up quickly, […]

3 quick money lessons to teach your kids

3 quick money lessons to teach your kids

We all want our kids to be safe, happy, healthy and successful. One critical way to help them have a great future is to teach them about finances and how to take care of their money and savings. Here are three lessons experts recommend sharing with your kids. Protect your information Bank accounts and credit […]

Financial statement fraud

Financial statement fraud

Did you know that financial statement fraud accounts for only about 10 per cent of occupational fraud worldwide? However, it comprises the biggest loss, averaging around US$800,000 per incident. That’s according to the Association of Certified Fraud Examiners (ACFE). It’s a scary stat for businesses, since it’s difficult to detect and can be potentially devastating […]

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