Fraud

Recently, seven separate company chief financial officers in a city in Indiana received an email similar to the following from their chief executive officers:

We are in secret merger discussions. Tell no one. We have hired a consultant to assist with the
due diligence review. Please send a retention payment by wire to:

Ms....

The auto parts industry has historically experienced one of the highest frequency rates of employee theft. Why? It’s easy. Auto parts are easily stolen and sold for cash. eBay and PayPal have made it simple to obtain a larger distribution market for the employee to sell the stolen auto parts. Recently, in 2014 and 2015,...

Business owners are becoming increasingly aware of numerous schemes they and their employees need to avoid. Cyber fraud lurks in many different forms, including, but not limited to:

• Auction Fraud
• Investment Fraud
• Counterfeit Cashier’s Check
• Lotteries
• Credit Card Fraud
• Nigerian Letter or “419”
• Debt Elimination
• Phishing/Spoofing
• Parcel Courier Email Scheme
• Ponzi/Pyramid
• Employment/Business Opportunities
• Reshipping
...

Running a business can be complicated and overwhelming. Owners face daily decisions. Human resources and staffing. Technology and marketing. Financial and legal. When grappling with such issues, many owners of small or middle sized companies opt to outsource their payroll processing and accounting. They turn to payroll and management companies and CPAs. Such companies offer...