News

Credit cards containing microchips that have been deterring crime in Europe for years will finally make a widespread appearance in the United States beginning this fall. By the end of 2015, nearly 600 million microchip credit cards should be...

In the largest national crackdown on Medicare fraud ever, 243 people from coast to coast – including 46 doctors and nurses – were arrested in mid-June for $712 million in false billings. Charges included conspiracy to commit...

The U.S. Government is focusing on specific cities in its attempt to crack down on money laundering by drug cartels. Last year, Los Angeles was targeted by the Financial Crimes Enforcement Network (FinCEN). In late April, Miami became the target...

Business owners don’t want to believe that a trusted employee would steal from the company. But the truth is that every organization is at some risk of internal fraud. That doesn’t mean you can’t rein in a lot of that risk. Your...

Even though you think you’re keeping your personal information safe, there is still a chance that your identity could be stolen. Last year, more than 13 million Americans are believed to have experienced identity theft. Of those, 332,000...

Now that it’s springtime and many people have begun home improvement projects, beware of disreputable contractors and scam artists who prey on unsuspecting homeowners. Being the victim of a home improvement scam can be extremely costly to...

Nowadays, it seems everyone lives in fear of their identity being stolen – and most of us know someone who has been a victim. The Federal Trade Commission details the four primary areas that you should oversee to ensure your personal...

Most people had never heard of Ponzi schemes prior to the recession. But Ponzi schemes have now caused billions of dollars of losses for investors – individuals, not-for-profit organizations and company pension funds. Italian immigrant...

Law enforcement is continuing to crack down on Medicare fraud – and the number of cases seems endless. A huge arrest in May 2014 – when 90 people were arrested from coast to coast in Medicare schemes that totaled over $260 million...

A Tennessee man who bilked Nissan North America out of over half a million dollars has been sentenced to five years in prison for mail fraud and money laundering. U.S. District Judge William J. Hynes, Jr., handed down Carter’s sentence Feb....

More than $35 million in merchandise is stolen every day in the United States by shoplifters. And shoplifters get away with it 48 times for every one time they’re caught. Who are these shoplifters – and why do they steal? It might...

Shoplifting is the major cause of retail shrinkage in most countries in the world. But in the United States, employee theft outranks shoplifting as the No. 1 way retailers see their inventory shrink, according to the latest Global Retail Theft...

What industries are most targeted by dishonest employees? Banking and financial services have nearly double the number of cases of any other field, according to the Association of Certified Fraud Examiners 2014 Report to the Nation on...

Tips from employees, customers and vendors are by far and away the most common way employee fraud is detected. Yet, in a recent study, only slightly more than half of all organizations that were victims of fraud had a tips hotline – and...

One of the easiest ways dishonest employees steal from the company is by submitting inflated expense reports. The Association of Certified Fraud Examiners determined in its 2014 Report to the Nation on Occupational Fraud and Abuse that...

The first federal jury conviction under the Economic Espionage Act of 1996 came down earlier this year in a case that centered on stealing trade secrets from E.I. DuPont Co. and selling them to state-owned companies in China. A San Francisco...

When it comes to employee fraud, cash is by far the prime target. But inventory stolen from warehouses or showrooms accounts for about one in five thefts, according to the 2014 Report to the Nations on Occupational Fraud and Abuse by the...

A scammer who bilked hundreds of desperate homeowners in “foreclosure rescue” schemes has been sentenced to 35 years in prison. Charles Head, 40, stole titles to more than 300 homes and obtained more than $90 million in fraudulent...

A Virginia man who stole $186,000 from an employee pension fund and failed to pay more than $2.2 million in employee payroll taxes has been sentenced to 18 months in prison and ordered to repay $1.6 million to the IRS. Innovative provided...

Depending on the justice system to restore embezzled funds is often a forlorn hope. Only 14 percent of businesses make full recovery from guilty parties. Standard business liability insurance doesn’t cover losses by theft. Fortunately there...