Home Posts tagged "internal fraud"
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Apple Store Employee Bypassed Security Checks to Accept Known Bad Checks

Published on June 5, 2012, by in Case Studies.

Roberto Sanchez, a former Apple Store employee in New Hampshire, reached a plea bargain to serve three months in jail after intentionally bypassing security procedures to accept bad checks from a friend allowing the theft of nearly $150,000. Read More

 
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Call Center Agent Copied Customer Card Details, Made Purchases Online

Published on June 3, 2012, by in Case Studies.

A call center employee working in the UK was arrested after copying credit card information provided to him by customers over the phone which he later used to attempt fraudulent purchases. Read More

 
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Retail Sales Clerk Boosts Commission Buying Goods with Fraudulent Credit Cards

Published on June 2, 2012, by in Case Studies.

A former employee at Saks Fifth Avenue faces felony credit card abuse charges after using fraudulent credit cards opened in the names of stolen identities to make purchases from his register as a way to earn extra commission. Read More

 
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CIFAS Releases Report on Internal Fraud Trends in the UK

CIFAS, a fraud prevention membership association in the UK, reported that internal fraud in the United Kingdom increased 14.5 percent in 2011. The CIFAS Staff Fraudscape report also identifies trends on employees more likely to commit fraud and the most effective ways to discover internal fraud. Read More

 
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ACFE Reports on Detecting, Preventing Workplace Fraud

A recent survey and report from the Association of Certified Fraud Examiners focused on fraud occurring at the workplace. The study provided recommendations on detecting workplace fraud and found that employee misconduct costs companies an estimated 5 percent of revenue annually. Read More

 
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DMV Employee Created and Sold Fraudulent State Licenses

Published on May 30, 2012, by in Case Studies.

Former New Hampshire Department of Motor Vehicle employee Donna Rockholt was sentenced to eight to twenty-eight years in prison on bribery and theft charges after creating fraudulent driver’s licenses for cash bribes. Read More

 
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Retail Clerk Opened Store Credit Cards with Stolen Identities

Published on May 30, 2012, by in Case Studies.

Two Louisiana residents were arrested and charged with multiple accounts of fraud and identity theft after a retail clerk used stolen identity information to open store credit cards at work while her accomplice used these new accounts to purchase Visa prepaid cards. Read More

 
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Woman Steals Nearly $1M Repeating Rudimentary Fraud for 7 Years

A woman working for the New York State Housing Trust Fund stole $944,000 from 2004 to 2011 by altering money orders written to her employer and depositing them in her own bank accounts. Read More

 
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Fraud Ring Busted After Persistently Repeating Scams

A fraud ring with members working in banks and charitable organizations continued to repeat their operation despite questioning and investigations by the U.S. Secret Service. Read More

 
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Will Economic Downturn Lead to Increased Fraud?

There have been a number of recent articles outlining how the economic downturn will result in increased fraud, which I believe have inaccurately portrayed the real fraud risks in an economic recession. While many make the case the fraud will increase during times of economic uncertainty, we are also seeing companies paying closer attention the

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