City of New York Seeks $20 Million for Airbnb Fraud Scheme

City of New York Seeks $20 Million for Airbnb Fraud Scheme

Airbnb currently has around 50,000 listings within New York City, making the tourism capital its largest market in the U.S. As Airbnb has experienced a steady climb in short-term rentals within NYC, the municipal and state governments have grown more keen on curbing Airbnb’s permissions for local rentals to keep more living spaces available for New York City residents, who already face a tight rental market. According to the New York State Multiple Dwelling Law, buildings with three or more units cannot offer rentals for fewer than 30 days at a time unless the owner or tenant of the unit is present while the guest is renting.

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5 Infamous Fraud Cases Throughout the Centuries

5 Infamous Fraud Cases Throughout the Centuries

While the internet serves as a large platform for a considerable number of scams, fraudsters have always been able to find creative outlets for their schemes, long before the advent of modern technology. The names Charles Ponzi and Victor Lustig may be well known among audiences tuned in to the history of con men, but here are stories of lesser known swindlers, going as far back as the fourth century B.C.

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How to Manage Reputational Risk

How to Manage Reputational Risk

As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it.” Reputation equals integrity and integrity equals social responsibility. By sustaining the “social license to operate” through social responsibility, organizations ensure that business practices, operating procedures and corporate behaviors are acceptable to employees, stakeholders and the public.

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The Dark Side of Romance

The Dark Side of Romance

Valentine’s Day offers couples in the U.S. the chance to unabashedly revel in their romantic happiness. You might spot posts from friends and family online, wherein they wax poetic about the incredible, amazing person they love. Or you might notice several individuals walking out of the grocery story with balloons and roses and chocolates, their head held high because—oh!—they are in love. You might find it hard to get a table at a restaurant because they’re all occupied by couples muttering sweet nothings to each other. It’s a great day to be alive and in love.

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Roadblocks in Exercising Professional Skepticism

Roadblocks in Exercising Professional Skepticism

As an anti-fraud professional, may consider yourself a natural born skeptic. Your job requires questioning all that is presented to you. While others may prefer to take things at face value, you are trained to dig deeper and ferret out important information. But if that doubting nature should be common sense in the course of an investigation, why is professional skepticism included as a requirement in auditing standards?

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