How Could This Fraud Have Been Prevented?
Joe Doe, a beloved associate program director, worked at a nonprofit social service agency for 15 years. When the executive director retired and he was passed over, Joe stayed on with […]
Don’t Cry “Wolf!” But Take Action What To Do if an Employee is Suspected of Fraud
It can happen to any organization: Someone calls your whistleblower hotline and says she has information incriminating a member of your staff in a fraudulent act. Or, one of your […]
Washington Post Study Targets Fraud Disclosures
More than 1,000 nonprofits checked the box on Form 990 for reporting a “significant diversion” of assets, according to a WashingtonPost.com article on the “hidden world of thefts, scams and […]
Preventing Embezzlement At Your Organization
When an employee is caught embezzling funds at a giant multinational corporation, news outlets are eager to broadcast the story from coast to coast. Yet small organizations are victimized by […]
Residential Program Advisor Linked To Bank Fraud Scheme
An advisor in a Philadelphia residential mental health support program was recently indicted in connection with a bank fraud scheme. A United States Attorney for the District of Maryland, along […]
Embezzlement Scam Linked to Maintenance Contracts
A former mechanic, with authority to approve some maintenance contracts, recently pled guilty to stealing $1.1 million from the Woodruff Arts Center, the Atlanta area’s largest cultural center. He faces […]
How to Reduce Inventory Risk in Your Business
Study the balance sheet of most retail or manufacturing businesses, and you’ll find inventory near the top of the asset list. Accountants define inventory as raw materials, supplies, work in […]
Identity Theft & Your Credit Score
Many individuals, even relatively wealthy ones, support their lifestyles through debt. Doing so isn’t necessarily a bad thing as long as the debt is managed reasonably and risk is minimized. […]