The Covid-19 pandemic has unfortunately opened greater opportunities for counterfeiters to generate fast cash. INTERPOL reported that they have seized more than 34,000 counterfeit and substandard masks, as well as “corona sprays”, “coronavirus packages” or “coronavirus medicines” under [...]

Procurement fraud or fraud from the procurement of goods and services is a problem for companies both small and large throughout the world. A prime example of a fraud case that was related to the procurement of goods and services is with the fast food giant KFC.The fried chicken giant [...]

“Fraud Casebook: Lessons from the Bad Side of Business” compiles real cases of occupational frauds — offenses that occur in the workplace—which are prevalent in organizations around the world. Each case is authored by real fraud investigators who are the members of ACFE (Association of [...]

Conflict of interest is intrinsic to human life and is often the root cause when it comes to fraud cases that involve corruption and bribery. According to Transparency International, a conflict of interest is a complex and sometimes ungraspable concept. Merriam-Webster defines the terminology [...]

The Court check can be tedious and come with high risk of human error. In Indonesia, one district court has one Case Information System or called SIPP that records data of both civil and criminal cases. Currently, there are over 250 SIPP in nation wide. Despite the digitization and public [...]

Occupational fraud or abuse of position can occur in large and small companies. And the software giant Microsoft is no exception. A former Microsoft software developer was found guilty of stealing a $ 10 billion digital currency from the company. The US Office stated through a press release [...]

With the Coronavirus death count reaching over 3,000 victims worldwide, the whole world now is increasing its vigilance against the worldwide health crisis. Meanwhile, fraudsters are fishing in troubled water. By using email scams, they are attempting to profit from people’s fear over the [...]

Internal controls play an important role in preventing fraud in any company. According to ACFE’s 2014 Global Fraud Study, a lack of internal controls is a major contributing factor to nearly one-third of fraud cases. As the saying goes, ‘No rose without a thorn,’ even though [...]

Hiring senior-level employees or also called as ‘C suite recruiting,’ is critical for the success of your business. However, recruiting senior-level employees are different from recruiting entry-level staff. According to Business 2 Community, a study conducted by a leadership development firm [...]

Hiring senior-level employees is a different level of challenge as compared to hiring other employees, as the position plays a strategic role in a company. Bad hiring decisions at the senior level can have a ripple effect not only from a monetary aspect but also on morale and reputation. An [...]