TITLE

If you discover fraud, recovery measures are at your disposal - but stealth and speed are key

AUTHOR(S)
Jamieson, Neil
PUB. DATE
June 2005
SOURCE
Lawyer;6/6/2005, Vol. 19 Issue 22, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the author's view that if one discovers fraud, recovery measures are at one's disposal--but stealth and speed are key. It is every client's nightmare. What should have been another Monday morning has become anything but: £850,000 is missing, apparently by the fraud of a previously trusted group of employees. Shocking, yes; uncommon, no. It can happen in the best-run organizations. Just ask John Prescott, whose Office of the Deputy Prime Minister recently discovered that sum had been potentially siphoned off by three employees. This was a very public reminder that an organization's most valuable asset can also be its biggest risk--employees are often best placed to exploit weaknesses in management and accounting systems.
ACCESSION #
17334995

 

Related Articles

  • Fighting fraud.  // Accountancy;Nov2004, Vol. 134 Issue 1335, p113 

    Highlights the claim of a Fraud Advisory Panel's review that some British organizations can beat the actions taken by New York in the 1990s in its attempt to resolve lawbreaking. Availability of the complete review.

  • How to avoid swindlers.  // Travel Trade Gazette UK & Ireland;10/29/2004, Issue 2638, p41 

    Presents tips in avoiding swindlers. Solution in dealing with tricky taxicab drivers; Advice against unscrupulous individuals who will pull alongside hire cars; Importance of resisting to temptations to sell the insurance policy numbers to swindlers.

  • Nigerian scam artists going high-tech in search of victims. Sledge, Ann // Fairfield County Business Journal;07/26/99, Vol. 38 Issue 30, p3 

    Reports on the proliferation of Nigerian scam operators in the United States. Outline of the business hoax employing electronic mail and fax messages; Amount of money defrauded by the scam operators; Other schemes operated by the operators; Efforts of the Nigerian government to curb corruption....

  • Scammers pose as schools to buy supplies on credit. watson, bob // Clarendon Enterprise (TX);6/5/2014, Vol. 25 Issue 23, p4 

    The author warns against two types of fraud, namely one including scammers posing as school representatives to defraud supply stores and another involving fraudulent sellers on the website Craigslist.org taking advantage of bargain hunters.

  • THINK YOU'VE PLED A FRAUD CLAIM? THINK AGAIN. MILENKOVSKI, KATERINA EFTIMOFF // Litigation News;Summer2014, Vol. 39 Issue 4, p10 

    The article discusses the standard for negligent misrepresentation fraud or in negligence involving the circuit split on the federal courts. An overview on the several U.S. court cases that are using the notice pleading standard of Rule 8 of the Federal Rules of Civil Procedure, is provided....

  • Other Lessons From the Six Million Dollar Man... Hayes Jr., Arthur A. // Journal of Government Financial Management;Spring2014, Vol. 63 Issue 1, p62 

    The article presents lessons from a bank manager in the Nashville, Tennessee area in the late-1970s who embezzled millions from his company. An overview on the element of committing a fraud and its risk factors for the perpetrator, is provided. Also emphasized are the methods on how to deal with...

  • Scrutiny takes bounce out of rubber checks. Foubister, Vida // Crain's Chicago Business;10/09/2000, Vol. 23 Issue 42, pSB16 

    Suggests that familiarity with customers helps prevent financial fraud. Impact of technology in the proliferation of forgers and other swindlers; Assistance available for business owners in spotting and avoiding forged and counterfeit checks; Check acceptance policies adopted by small businesses.

  • Why Scams Work.  // Soldiers;Nov2003, Vol. 58 Issue 11, p7 

    Looks into the reasons behind the mass appeal of fraud. Mechanism with which people involved in fraud attract victims; Inability of consumers to realize that they are being swindled unless they take the time to research before they commit; Pressure tactics used by swindlers involved in fraud.

  • A Scammer's Life. Wolfe, Daniel // American Banker;8/12/2009, Vol. 174 Issue 154, p5 

    The author reports on the impact that the recession is having on scam artists in Nigeria. Decreases that have occurred in the amount of money that scam artists can make by duping Americans is mentioned. Descriptions of some of the scams that have been carried out are provided, including mailing...

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics