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January 27, 2020 is a big day. It’s National Chocolate Cake Day, Bubble Wrap Appreciation Day, and the ever popular Tax Identity Theft Awareness Day. The...

A company files a claim contending a warehouse manager stole $450,000.00 in inventory. The manager, a long-time employee, was trusted with keys and alarm codes. He...

When a business files an inventory loss claim, we often jump to the conclusion fraud is the cause of the loss. But fraud it isn’t always the reason...

“There is a void in the English language which we undertake to fill,” wrote a journalist from a Massachusetts newspaper in 1901. “Everyone has been put in an embarrassing position by ignorance of the status of some woman. To call a maiden Mrs. is only a shade worse than to insult a matron...

In 1986, U.S. Congress enacted the Computer Fraud and Abuse Act (CFAA), The CFAA was enacted to combat various types of “computer crime.” The Act criminalized, among other things, the act of intentionally accessing a computer without authorization.  In 1986, this meant “hacking or trespassing into computer systems or data.” The CFAA has...

Employee theft and employee dishonesty cases can follow similar patterns. Employees often steal merchandise, cash, or make personal purchases using company credit cards. But some cases stand out either because of the amount of loss or the method of misappropriation. Here are five over-the-top examples of in-house theft and employee fraud:

High-end jewelry and precious gems top the list of targets for organized and opportunistic criminals. Grab-and-run losses are all too common in the jewelry industry.  Jewel thieves typically use overt and covert surveillance to gather intelligence before committing their crime. They rely on speed, distraction, store layout, and lax security procedures. While it may be...

On March 8, 2017, the Wall Street Journal published an article about KPMG being under fire for scandals in the U.S., South Africa, and the U.K. Although KPMG does face trouble on three fronts, the scandals involve three legally separate firms:

• KPMG, LLP, a New York-based U.S. partnership, is dealing with the indictment of...

The case Medidata Solutions, Inc. v. Federal Ins. Co. involved a fraudulent impersonation scheme and an alleged entry into the insured’s computer system. The case involved a series of events seen all too often. The court’s ruling presents a peek into the intricacies of analyzing coverage in traditional computer fraud claims. It is important to...

Since May 2000, the FBI’s Internet Crime Complaint Center (IC3) has received more than 4 million complaints. Incidences of internet crime are steadily increasing. In 2013, IC3 received 262,813 complaints, with a reported loss amount of $781.8 million. In 2017, IC3 received 301,580 complaints, with a reported losses of $1.4 billion.

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