Industries
Filter By:
Results: (9)
A ‘Croc’ of a stock
Companies may engage in a deceptive practice known as channel stuffing when facing pressure to meet short-term sales targets or enhance stock price.
Written By: Laura Harris, CFE
-
- Financial Transactions and Fraud Schemes
- Fraud Risk Management
5 most scandalous fraud cases of 2024
Fraudsters work year-round to perpetrate their schemes. Fraud Magazine also works year-round tracking the news for those schemes we believe will live in infamy and serve as cases for anti-fraud professionals to study for years to come. Here are the most scandalous frauds of 2024.
Written By: Jennifer Liebman, CFE, Crystal Zuzek, Anna Brahce
-
- Cyberfraud
- Financial Institution Fraud
- Fraud Schemes
Corporate teamwork’s impact on collective fraud participation
In any organization, tone at the top matters. Leaders who emphasize teamwork without building a strong ethical foundation risk creating an environment prone to collusive fraud. The author offers advice for mitigating collective rationalization and reducing the risk of collusive fraud within a corporation.
Written By: Frank S Perri, J.D., CFE, CPA
-
- Corporate Governance
- Fraud Prevention and Deterrence
- Fraud Risk Management
The not-so-friendly fight against ‘friendly fraud’
Whether you call it “friendly fraud” or a chargeback, refund fraud and abuse is on the rise and costing retailers billions. The author discusses what this fraud entails, what’s behind its growth and why this decidedly unfriendly scheme is so frustrating to fight.
Written By: Samuel May, CFE
-
- Consumer Fraud and Scams
What’s that smell?
Commercial fragrances and perfumes are big business, and the multibillion-dollar industry attracts its fair share of dodgy practices and outright fraudulent activity. Here we look at the difference between knockoffs and counterfeit products, and why the big perfume houses have such difficulty protecting their brands.
Written By: Donn LeVie, Jr., CFE
-
- Fraud Prevention and Deterrence
- Fraud Schemes
Fraud affairs of the heart and more
Elderly victims in Australia lose half a million dollars in alleged romance scam; China and Myanmar join forces to crack down on cybercriminals targeting Chinese nationals; and risk management study reveals retailers are losing money in instances of friendly fraud.
Written By: Anna Brahce
-
- Consumer Fraud and Scams
- Cyberfraud
- Financial Transactions and Fraud Schemes
Erik Anderson, CFE
Fighting fraud for Erik Anderson, CFE, is so much more than conducting an examination. “I fight fraud by making sure what we’re doing is right,” says Anderson. “Whether I’m on the front lines of an investigation or using the principles of a fraud examination to better understand the risk to the organization, being a good fraud examiner is about challenging yourself to stand up for what’s right and seeking that out with passion.”
Written By: Emily Primeaux, CFE
-
- Career and Professional Development
- Fraud Prevention and Deterrence
Jewelry magnate on the run after fraud exposed
Nirav Modi supposedly was one of the richest men in India. He came from a respected family and had close connections to the government. Could he really have pulled off a huge banking fraud to finance his business ventures?
Written By: Steve C. Morang, CFE
-
- Fraud Schemes
‘Machine learning’ fights fraud behind cash registers
A global “quick-service” (i.e., minimal table service) restaurant business with thousands of locations accelerated its employee theft-and-error detection rate at the cash register by approximately threefold. Enhancements included the risk analysis of geographic regions, stores, employees and point-of sale (POS) transactions plus integrating “machine learning” for improved fraud detection.
Written By: Vincent M. Walden, CFE, CPA
-
- Computers and Technology
- Data Analytics
- Fraud Investigation and Examination
- Fraud Prevention and Deterrence
Begin Your Free 30-Day Trial
Unlock full access to Fraud Magazine and explore in-depth articles on the latest trends in fraud prevention and detection.