by Amy Pennock CFE
Every company seems to have one of these employees. They show up early every day, appear to be working hard, don’t take breaks or lunch and leave after everyone is already gone. Work isn’t getting done, no problem, they will work on the weekends. They don’t call in sick and don’t take vacations. They take care of everything, and don’t hesitate to take on other tasks or functions. This might be any business owners dream employee, but beware. … Continue Reading
Fred Schraeder, 61, A longtime Tulsa criminal defense attorney pleaded guilty in Tulsa County, Oklahoma District Court for his role in helping embezzle more than $1 million from clients. Schraeder entered a guilty plea to one count of conspiracy to commit workers’compensation fraud. He received a 5-year deferred sentence and will pay more than $36,000 in restitution, $500 in fines and a $100 victim’s compensation assessment. The Oklahoma Bar Association’s Clients’ Security Fund is also assisting in reimbursing victims. Schraeder must surrender his law license and isn’t eligible to re-apply while on probation. … Continue Reading
by J_Pratt
In recognition of ACFE’s International Fraud Awareness Week (November 6-12, 2011), we offer the blog article below focusing on small business internal (occupational) fraud, which according to the ACFE’s 2010 examiners report ranks highest in frequency of all businesses at 31%.
Mavis Farquar is a bookkeeper for a small business. She’s been an employee for 25 years. She has attended every baby shower, wedding, graduation and bar (and bas) mitzvah and a few funerals of the owners’ and other employees’ families. … Continue Reading
When getting on a flight that’s three to five hours (or more), many business professionals wrestle in their heads whether to spend the $12.95 on airplane WiFi, take a nap or watch the movie—or, if their company is paying for it, they might do all three. But here’s the thing: If you are connecting to WiFi on a plane and have all these company secrets on your device and all this client data, do you really think it’s a good idea to connect? … Continue Reading
The BBB is dedicated to fostering honest and responsive relationships between businesses and consumers in the U.S. and Canada, instilling consumer confidence and contributing to a trustworthy marketplace for all. … Continue Reading
Last weekend, the daily deals service LivingSocial announced that its database had been hacked, granting the cyber intruder access to the e-mail addresses, encrypted passwords and birth dates of more than 50 million users worldwide.
This is only the latest of many recent hacks. With customer data breaches becoming increasingly common, what should you do to protect yourself? … Continue Reading
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by Robin Slade
The May 7th Federal Trade Commission (FTC) Senior Identity Theft: A Problem in This Day and Age panelists related that seniors are often preferred targets, especially for medical identity theft. Fraudsters, who may include unscrupulous relatives and/or caregivers, … Continue Reading
