In the evenings each week I volunteer for a UAA project that investigates alleged fraud cases while training students in how to perform the work. I was talking with my fellow investigator-mentors last week and the topic came up about how much of the fraud we’ve come across was not even hidden.
Endless transfers out to external bank accounts, checks written to the fraudster, inflated timesheets . . . common fraud schemes that are super easy to spot – if only someone is looking.
If you’re a small business owner then repeat after me, “Trust is not a control.” Take the time to look.