The Fraud

The Fraud

The Fraud

The Fraud

The Fraud

Insurance is an industry based on the distribution of risk. You insure a piece of property, say your car, for a premium payment of $600 a year. If you suffer a loss of the use of that property due to an accident, your insurance company will make you whole, minus any deductible, of course. Due to the nature of the business, the opportunities for fraud are legion.

The Fraud

The Fraud

The Fraud

ID theft is rarely a stand-alone crime. It's almost always a component of one or more crimes, such as bank fraud, credit card fraud, access device fraud, or the use of counterfeit financial instruments.

The Fraud

The Fraud

The Fraud

The Fraud

The superior man, when resting in safety, does not forget that danger may come. When in a state of security he does not forget the possibility of ruin. When all is orderly, he does not forget that disorder may come. Confucius (551 BC - 479 BC)

The Fraud

The Fraud

The Fraud

Although cash is the preferred target for employee theft, supplies, inventory and all sorts of equipment are tempting as well. These frauds range from a box of paper clips to the unauthorized use (or outright theft) of expensive furniture and/or equipment.

The Fraud

The Fraud

False billing frauds currently represent the largest dollar losses in small businesses. Unlike larceny, these are not spur of the minute, minor amount crimes. These are premeditated and substantial.

The Fraud

The Fraud

Expense account padding is an age-old sport of sales forces and executives who travel on business. A firm policy, firmly enforced can go a long way toward controlling the temptation to fudge expense reports.