Paul Catchick, CFE
Conflict of interest
The author outlines why conflict of interest can lead to corruption and how this information can help CFEs detect and prevent this type of fraud for their clients or organizations.
Written By: Paul Catchick, CFE
Fraud in umbrella contracts
Top management at Quoteron Inc. thought it was increasing efficiency when, at the urging of its procurement officer, Ken, it gave its hardware supplier, Donlane Supplies, an “umbrella contract.” However, Ken secretly owned Donlane and reaped the profits of an illegal exclusive deal. Here’s how to detect and deter fraud in the procurement process.
Written By: Paul Catchick, CFE
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