It is just a few dollars here and there, right? An employee may take a carefree stance on the use, or in this case misuse of employee funds from time to time, but expense fraud is a crime. And it is more than a few dollars on simply an accounting or human error. The median… Read More »
Month: July 2013
Fraud Training in the Healthcare Industry
The healthcare industry, in its unique regulations, systems, procedures and records, is plagued by an estimated $80 billion a year in fraud (according to the FBI). Healthcare fraud training will ensure your staff knows the warning signs and what action to take if fraud is suspected. It would be ideal to have all managers and… Read More »
Why the Healthcare Industry Can not Afford Vendor Fraud
Between 1990 until a few years ago in 2011, the Justice Department reclaimed nearly $3 billion from prosecuting fraudulent activity in healthcare. Millions more was never recovered. Don’t think your practice could be a victim? Even with internal measures in place vendor fraud can still happen. Vendor fraud can take on many forms. Fictitious vendor… Read More »
Pre-Employment Assessments: Helping Companies to Screen Applicants
According to an article by Lisa Quast, a contributing writer for Forbes, pre-employment assessments can provide benefits beyond hiring qualified candidates. “I have found pre-employment tests to be beneficial in helping to screen and select the best candidates for jobs, but there are legal issues that can arise if the tests are not valid, reliable,… Read More »
Kickback Schemes are Devastating to a Non-Profit
Non-profits must follow strict measures to stay in compliance with non-profit status. Fraudulent schemes can hurt those efforts to maintain an ethical, well-respected non-profit. A kickback occurs when an organization overpays for goods and services, and a vendor gives part or all of that overpayment to the perpetrator. Unfortunately, it is often not difficult for… Read More »
How to Stop a “Non-Accomplice Vendor Scheme”
How easy is it to steal from your company? Savvy and dishonest employees may easily exploit internal weaknesses by running a “non-accomplice vendor scheme.” The vendor is not a part of the scheme, but the unscrupulous employee will mastermind a vendor scheme either as a pay-and-return scheme or by intentionally overbilling the vendor. In the… Read More »
How Much are You Paying the Ghost Employee on Your Payroll?
Ghost employees can siphon mandatory resources from otherwise productive businesses. Unfortunately, trusted employees using sophisticated payroll systems are the culprits of the most costly frauds. The ghost employee is an individual on the company payroll who does not work for the company. This “ghost” may be real (and may even work for another company) or… Read More »