Monthly Archives: September 2010

Due to the fact that Internet related business is relatively new, there has been lack of policing for fraud or litigation. Therefore, fraud related laws have been difficult to enforce. For Internet merchant companies, there are 3 key elements that … Continue reading →

Asset Misappropriation Asset misappropriation is the most common of occupational fraud. The 3 main categories are: Cash receipts schemes. Fraudulent disbursements. Theft of inventory and non-assets. These types of fraud may be on or off of the victim organization’s book.  … Continue reading →

Today, California State Controller John Chiang released the first audit of the City of Bell’s corruption investigation. What was significant is that there were virtually no controls in place to prevent this from going on. Chief Administrative Officer, Robert Rizzo had … Continue reading →

Typical organizations averaged a loss of 5% of their annual revenues to fraud! This information is from the recent 2010 Report to the Nations on Occupational Fraud. Fraud is something that can occur in any company or organization. According to … Continue reading →

Welcome to my new Blog http://www.fraudradar.wordpress.com. Stay tuned for more posts!