Category: Fraud

Profiling the Fraudster

Profiling the Fraudster

By Simon Padgett This article was first published in the April 2015 international edition of Accounting and Business magazine. The ACFE in 2020 estimated that a typical organization loses 5 per cent of its annual revenue to fraud. Applied to the estimated recent gross world product, this figure translates to a potential total fraud loss […]

COVID-19 and the Fraud Triangle

COVID-19 and the Fraud Triangle

By Sachin Maharaj CFE The COVID-19 pandemic has forced lock-downs and restrictions bringing world economies to a standstill. It is widely expected that many businesses will not recover, resulting in many job losses. Unfortunately, these challenges generate the perfect conditions for occupational fraud. Pressure The number of unemployed is increasing drastically. Companies that are  trying to […]

Does your firm need a team of top-notch investigators?

Does your firm need a team of top-notch investigators?

When employees go bad, and start adversely affecting your company, you need a team of top notch investigators to help you navigate through the issues, and to help with maximum recovery of assets for your firm

Fraud Risk Assessments

Fraud Risk Assessments

By Sachin Maharaj CFE The purpose of a fraud risk assessment is to help an organization identify what makes it most vulnerable to fraud risks. Through a fraud risk assessment, the organization determines where fraud is most likely to occur, enabling proactive measures to be implemented, to reduce the chances of it happening. A fraud […]

Three Shifts in how we think about Corporate Crime

Three Shifts in how we think about Corporate Crime

Almost 100 years on, and we still have not implemented the basic split of organized crime.  If we are to fight this scourge, we need to identify the businessmen, lawyers, accountants and other accomplices who help enable white-collar crime. From serious criminal activity to a focus on ‘who’ is doing the harmful activity—i.e. separation of […]

COVID-19 and the Fraud Triangle

COVID-19 and the Fraud Triangle

By Sachin Maharaj The COVID-19 pandemic has only worsened an already bad economic climate for many countries around the globe. The forced lockdown and restrictions have brought many world economies to a standstill. It is widely expected that many businesses will not recover from the impact of forced closures. Many jobs will also be lost […]

Straw Buying- There is a lot more to it than meets the eye!

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 […]

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