Tag Archives: Embezzlement

ACFE Global Fraud Conference Features Session by Background Check Expert on Reducing Insider Threats

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Written By ESR News Blog Editor Thomas Ahearn

Attorney Lester Rosen, founder and CEO of Employment Screening Resources® (ESR), will present the session “Background Checks and Reducing the Insider Threat: Strategies Before and After Hiring” at the 27th Annual Association of Certified Fraud Examiners (ACFE) Global Fraud Conference held from June 12-17, 2016 at the ARIA Resort & Casino in Las Vegas, NV. To register for the ACFE conference, click here. Continue reading

Holiday Season Hiring Brings Increased Fraud Risk

Identity Theft & Fraud Blogs

Written By ESR News Blog Editor Thomas Ahearn

Thanksgiving week signals the official start of the holiday season. Along with turkey, football, presents, and good cheer, the holiday season brings an increase in seasonal hiring. However, fraud experts interviewed for an article posted on InsuranceJournal.com warn that businesses skipping their usual due diligence background checks when hiring to quickly add workers for the holiday season face an increased risk of fraud. The article is available at http://www.insurancejournal.com/news/southcentral/2014/11/18/347427.htm. Continue reading

Report Helps Build Fraud Resistant Organizations

Identity Theft & Fraud Blogs

Written By ESR News Blog Editor Thomas Ahearn

Just in time for International Fraud Awareness Week, which runs from November 16 to 22, a report from The Anti-Fraud Collaboration – ‘The Fraud-Resistant Organization: Tools, Traits, and Techniques to Deter and Detect Financial Reporting Fraud’ – provides information on how financial organizations can become less susceptible to fraud. The 56-page report is available at http://www.thecaq.org/docs/anti-fraud-collaboration-report/the-fraud-resistant-organization.pdf. Continue reading

International Fraud Awareness Week November 16 to 22

Identity Theft & Fraud Blogs

Written By ESR News Blog Editor Thomas Ahearn

Sponsored by the Association of Certified Fraud Examiners (ACFE), International Fraud Awareness Week, which runs from November 16 to 22, 2014, is dedicated to fraud awareness, detection, and prevention and is a global effort to minimize the impact of fraud by promoting anti-fraud awareness and education. For more information about International Fraud Awareness Week – including Fraud Week resources, presentations, anti-fraud tools, and steps to combat fraud – please visit http://www.fraudweek.com/. Continue reading

Former UC Berkeley Administrator Allegedly Stole From School

Written By Thomas Ahearn

EducationA former research administrator at UC Berkeley who had a prior conviction for embezzlement allegedly stole “tens of thousands of dollars” from the university, according to a San Francisco Chronicle report. The full story is available at http://www.sfchronicle.com/crime/article/UC-Berkeley-administrator-stole-thousands-5517119.php. Continue reading

ACFE 2012 Report to the Nations Finds Fraud Costs Organizations Five Percent of Revenues Each Year

The 2012 Report to the Nations on Occupational Fraud and Abuse from the Association of Certified Fraud Examiners (ACFE) estimates that the typical organization loses five percent of its revenues to occupational fraud each year and that this figure translates to a potential projected global fraud loss of more than $3.5 trillion applied to the estimated 2011 Gross World Product. The study also found that the median loss caused by the occupational fraud cases was $140,000, and more than one-fifth of these cases caused losses of at least $1 million. The ACFE 2012 Report to the Nations is available at: http://www.acfe.com/RTTN/. Continue reading

Staffing firm supplies embezzler with felony fraud conviction but not liable to Employer

In a recent state court case that concerned a fact pattern familiar to background screening specialist, a local office of a national staffing firm supplied an employer with a bookkeeper that turned out to have criminal record for felony fraud and who misrepresented her educational background.  The worker embezzled $138,350.  However, since the employer did not specify that the staffing firm should do a background check, and the staffing firm never claimed that they would do one, the employer’s claims were dismissed.  Continue reading