P2P Lending business in China began to rise a decade ago and has become a giant financial business ever since. However, the business is now experiencing a major collapse due to few factors, one [...]
Introduced by Charles Ponzi, the Ponzi scheme is a classic investment fraud mode which was a boom in 1920. However, it seems that many of us have not learned the lesson so that many cases of [...]
Fraud is a growing problem for financial services, including the domain of financial technology (fin-tech). Through P2P lending services, fintech provides benefits that can never be provided by [...]
One of many advantages offered by peer-to-peer (P2P) lending is its lending process, which is relatively faster compared to conventional banks. Many people might wonder why the process can be [...]
Japan has always been held up as a role model of integrity, assured quality and reliable products. However, giant companies in Japan are in fact not immune from ethical problems, which may [...]
The aftermath of a fraud incident can be very sloppy for a company to handle. Both small and large companies do suffer from losses. According to a report released by ACFE in 2018, while the [...]
Have your companies put internal controls in place? Internal control is closely related to the occurrence of fraud in a company as mentioned in a report released by ACFE in 2014: as many as [...]
Fraud does not discriminate. Organizations of all types, sizes, and location have always faced fraud. According to a report published by ACFE 2018, private companies in Asia-Pacific suffered the [...]
The culture of sharing drives internet to become the treasure trove of publicly available information. From how to patch footwear, finding food recipes, how to create knick-knacks, ordering [...]
There is always a lesson learned behind every fraud case, including a case which was handled by Prabhat Kumar, an investigator and forensic accountant with 18 years of experience. Written in a [...]
