Chief Fraud Officer
A Chief Financial Officer (CFO) is responsible for multiple things, including controllership duties. This requires the presentation and reporting of accurate and timely historical company financial information. The CFO of a San Francisco Area-based home health care and hospice business failed to carry out...
Fraud Minion
When you think about minions, usually a cute yellow blob that loves bananas and wears blue jean overalls comes to mind. Even though the popular animated figures assist a former professional criminal portrayed in a popular children's movie, the fictional characters are generally seen...
Underreporting Income Produces Fraud
According to the Internal Revenue Service (IRS), the favorite form of tax evasion in the United States happens to be underreporting income. This happens when a taxpayer either claims less money than they actually made or they claim more deductions, exemptions and credits than...
Benefit Buffet
Fraudsters tend to see government benefit programs as a smorgasbord serving up an abundance of free money. A business owner, who operated six substance abuse counseling centers in Oklahoma, received more than $1.5 million in Medicaid reimbursements she did not deserve.
It is reported that...
Growing A Crop of Fraud
The American Farm Bureau Federation states that farmers and ranchers only receive 16 cents out of each dollar spent on food. The remainder goes to ''wages and materials for production, processing, marketing, transportation and distribution.'' (Sometimes, when there's a bad year and crop production...
What a Pile of Scrap
Fraudsters are always coming up with new and innovative ways to carry out their crimes, however, today's "Fraud of the Day" shines the spotlight on a North Carolina businessman who used a simple and oft used technique to hide his fraudulent acts. He thought...
Fraud Chaser
The term "ambulance chaser" refers to lawyers who help clients to obtain damages related to a personal injury. The man at the center of today 's "Fraud of the Day" could be called a "fraud chaser" because he used his ambulance company to chase...
Where You Wish No One Knew Your Name
Cheers, the popular 1980's television sitcom about a bar in Boston, Massachusetts paints a picture of a cozy and friendly establishment where everyone knows your name. The former owner and operator of a sports bar and grill in neighboring New Hampshire fleeced more than...
Serving Up Fraud for Dinner
Restaurant customers love to peruse menus for tasty meals that will satisfy their hankerings. (Whether a blue plate special or a gourmet dish, they expect to have a tasty experience no matter how much they pay.) Customers understand that there are additional costs associated...
Faux “the Name. Fraud” the Game.
It 's ironic (or maybe it 's not) that today 's fraudster 's last name is "Faux." (As in fake.) True to her name, the woman faked her way through fraudulent Medicare claims, falsified patient records at her physical therapy practice and managed to...