A weekly chat about fraud and fraud related matters
Category: Blog
Advance fee frauds
It never ceases to amaze me how callous fraudsters are. The following are a set of genuine emails sent between a fraudster and a mark (the marks name and email address has been changed) in an advance fee fraud. The scam started with Julia being advised that she had been awarded a lump sum as […]
All is not always fair in Love and War: When all seems unfair, you may want to have a forensic accountant in your divorce army
Using a forensic accountant as part of your divorce team may help you in uncovering assets that your spouse has hidden away!
Straw Buying- There is a lot more to it than meets the eye!
By Sachin Maharaj CFE It started off as a routine investigation. A non-payment on a vehicle finance loan, with a customer proving to be very evasive. It soon became evident that vehicles were being purchased on behalf of 3rd parties. However, of greater concern were those transactions that were aimed purely at defrauding the finance […]
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
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
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
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
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 […]
Employee fraud: think before you fire
Fraud can happen in any company. Once it’s discovered the one thing not to do right away is to fire the suspected employee. Even though the first instinct would be to terminate the worker right away (whether with or without cause) or to pay them to leave can actually be counter-intuitive and you’d be better […]