Specializing in financial investigations as we do, I am always fascinated when new financial frauds come to light, and I always want to know how the person got caught.
In the case of the recent Yale School of Medicine fraud in which an administrator took more than $40 million in fake computer purchases (desbribed in
The longer you investigate people, the more bad behavior you will be able to talk about. But there is little I have encountered in my work that is more sickening than deed fraud – the subject of a recent case we had.
A form of identity
Get ready for college admissions scandals phase II, and maybe III, IV and V.
The reason I think so? Because of the way it was discovered.
Prosecutors didn’t break up the ring of bribing college coaches and exam proctors by using vast computing power, databases and algorithms, but by interviewing somebody. According to multiple reports,
Another EB-5 visa fraud, more burned investors. For people outside the United States trying to pick a reputable investment that will get them permanent residency in the U.S., sorting through hundreds of projects is often the hardest part of the job.
There is plenty written about what you should do before you invest, one of
We pretty regularly find ourselves blogging about small business owners that draw people into scams. We’ve seen the would-be movie executive, the sweet-talking investment solicitor, the landscaper and the produce company owner. Too often, we find that defrauded consumers and investors could have avoided their losses by doing some basic due diligence.
According to the Sacramento Bee, a would-be movie studio executive, Carissa Carpenter, pleaded not guilty last week to defrauding investors of at least $5 million during her failed 17-year attempt at creating a movie studio in Northern California. Over the 17-year period, she shifted 
the location of her planned studio several times. Her last
“TelexFree is already creating MILLIONAIRES and now is YOUR turn.” So read the now defunct website of TelexFree Inc., which U.S. officials ordered to be taken down earlier this month. Massachusetts company TelexFree Inc. held itself out as a low-cost internet telephone company. In reality, its founders were allegedly running a billion dollar global
One of the best ways to learn how to detect fraud is to look at people who have been caught and then analyze what you could have done to avoid being taken in as others were.
News from Germany here about a man jailed recently for rape and fraud after pretending to be German royalty
Most people have seen the warning message on the ATM machine that recently deposited funds may not be made available for immediate withdrawal. What people may not realize is that a number of scams have been designed to take advantage of the lag time between deposit and collection. A variation of the scam even
A friend’s on-line purchase led him ask us to look into a website. The results make for a nice case study in the detection of possible fraud.
Continue Reading Internet Fraud: How to Spot a Possible Scam on the Web