FRAUD INVESTIGATIONS FOR COMPANIES covers the following aspects:
– False payments or fraudulent financial operations
Fraudulent schemes of payments may include false statements or registering values of unreal spending, clandestine use of financial instruments that a company has (bank accounts, cards attached to accounts, etc), conducting financial operations without agreement of the holder accounts / cards, settlements of expenses for the work hidden (not provided), falsification of documents regarding the payments made / collected revenues (invoices, receipts, records of employment, tax records, use of a company’s payment system for conducting fraudulent payments, etc.);
– Extortion / economic blackmail
When an individual from a company require money or other considerations in order to “help” a decision, it can affect overall activity in the company and may endanger the desired results. Cases of extortion are often discovered when whistleblowers provide information on the persons concerned.
Bribery is a sum of money or any other object promised or given to a person in order to induce it to an violate service obligations or to perform illegal actions according to the wishes of an individual. This type of fraud is difficult to detect in normal conditions and in the absence of an investigation can affect a company’s image.
– Long-term fraud
A fraudulent company focuses on developing good business relationships and a positive trading background in order to earn the trust of business partners (suppliers). Some fraudulent company then places small orders and pays them regularly on time, then place an order extraordinarily high, benefiting from the trust created, and disappears with goods. This type of fraud is seen mainly among ghost companies.
– Forged or altered bills
Invoices are usually forged or altered in order to seem fair, but actually constitute a financial gain for those who commit fraud.