The Red Flags of Charity Fraud

The Red Flags of Charity Fraud

Whether donating to a natural disaster fund, a Go Fund Me page or even giving to an organization you know well, there is always a risk for fraud. During this year’s Charity Fraud Awareness Week, happening October 22-26, we would like to offer some of the best tips we have come across over the past few years in regards to charity fraud.

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Fraud at the Top: The Costly Effect of Fraud Committed by Owners and Executives

Fraud at the Top: The Costly Effect of Fraud Committed by Owners and Executives

Olympus scandal: $1.7 billion. Bernie Madoff’s Ponzi scheme: $65 billion. Enron’s estimated total losses: $74 billion. Occupational frauds committed by owners and executives tend to be extremely costly, but why are they more costly and how do they differ from other types of fraud?

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Key Findings From the 2018 Report to the Nations: Canada Edition

Key Findings From the 2018 Report to the Nations: Canada Edition

In a new sub-report, we now focus more closely on how occupational fraud impacts Canada. This study is based on the 82 cases of occupational fraud from Canada that were reported in our 2017 Global Fraud Survey. Collectively, these cases, which accounted for 4% of all cases in our global study, caused a median loss of USD 200,000 and lasted a median 12 months before they were detected. 

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ACFE Members: Join the New Fraud Risk Management Group

ACFE Members: Join the New Fraud Risk Management Group

Dave Cotton, CFE, CPA, chairman at Cotton & Company, LLP, recently collaborated with several members of the ACFE to start a new group* in the ACFE Community dedicated to fraud risk management. In this group, members can discuss how to perform fraud risk assessments, implement best practices and raise fraud risk management awareness in organizations of all sizes and industries.

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Fallout From the Danske Bank Money Laundering Scandal Begins

Fallout From the Danske Bank Money Laundering Scandal Begins

A money laundering scandal involving an Estonian branch of Danske Bank, the Danish financial institution, led to the resignation of CEO Thomas Borgen on September 19, but the fallout from what could end up being the largest money laundering scandal in European history is far from over.

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