Archive
Former NASCAR Driver Receives Ticket for $15 Million Scheme
A former NASCAR driver is at the center of a $15 million fraud investigation, according to WSOCTV Brian Rose is accused of creating a fake coal mining company to get money from investors. Federal agents launched a massive investigation into Brian Rose after
Read MoreFinancial Fraud Caught More by Coworkers than Audits
Employee fraud hotlines are on the rise, according to a recent study by the Association on Certified Fraud Examiners (ACFE), companies should focus their attention monitoring employee fraud. One example in finance departments, reported from The American Genius, most misappropriation of funds occurs in the
Read MoreMonster Energy Drink Advertisement Scam
Victims of the Monster Energy Drink scam report they received an email that informed them how to make a few hundred dollars per week. The scam was simple and sounded pretty cool if you’re a customer of Monster Energy Drink.
Read MoreFraud Sentence Delayed for Former NBA Player
The sentence of former NBA player Tate George, who is being convicted of ripping off investors in a Ponzi scheme. According to ABC News, attorneys for each side squabbled over how much money his victims lost, pushing the court date back
Read MoreFraud Alert: Woman ‘Invents’ 6 Children for Tax Benefits
A woman from the UK, who has been in jail for a year now, is facing time for inventing six children so she could claim extra state benefits on her taxes. Angela Callaghan, 42, admits to the offences and fraudulently claiming
Read MoreThousands of Fraud Cases Are Wrongly Recorded
There are one-thousand reasons why cases of alleged fraud and financial crime have been wrongly recorded in the last 18 months, according to the Yorkshire Post. Errors include the high profile case of the Kings Science Academy free school in Bradford
Read MoreMiami Beach’s ‘Rock Doc’ Charged for Medicare Fraud
A Miami Beach physician, best-known as ‘Rock Doc’, was in denial during his sentence hearing for stealing millions from Medicare in fraudulent billing schemes. According to reports from the Miami Herald, a federal judge said he tried to give Christopher Gregory Wayne
Read More5 Steps to Fight Off Fraud
Detecting fraud within an organization is the responsibility of several groups including: financial executives, boards of directors, audit committees, internal auditors and external auditors. Yahoo! Finance reports several ways to avoid complacency, and according to Crowe Horwath LLP, one of the largest
Read MoreScam Alert: Never Give Money to Get Money
Scam Alert: So what’s a person to do when they receive a letter claiming they have won unclaimed lottery monies with a check enclosed and payable to the recipient? Big Country goes on to explain… This is the question one unlucky
Read MoreIRS Scam Continues Calling, Even After Tax-Filing Season
The tax scams continue to strike the IRS, successfully calling victims via telephone, showing no signs to stop striking. These con artists are going strong, targeting victims long after tax-filing season is over. The Today Show reports the IRS doesn’t see these
Read More