St Xavier’s Technical Institute, a well-known technical college in Mahim, India, filed a police complaint against a lecturer, who has been working for the institution for the past 13 years for allegedly submitting a fake mark sheet. According to Mumbai Mirror, the incident started when the lecturer, Manish Khobrage, complained...
In almost every case, law firms would need to locate people who are avoiding cases. However, this is not easy. Plus, it is difficult to get people to cooperate and be willing to be involved in a legal case. Therefore, skip tracing is needed. What is Skip Tracing? Skip tracing is a...
According to a Report to The Nation 2020 survey, a code of ethics plays a major role as an anti-fraud control that can prevent fraud, amounting to 81%. However, there are still many companies that do not realize how important it is in minimizing losses due to fraud. Thus, in...
Cosmetics sales are skyrocketing, with the industry growing by 5% in 2018. The cosmetics industry is expected to be worth $ 863 billion by 2024. Hence, cosmetics are seen as an attractive opportunity for counterfeiters who wish to exploit consumer demand. In 2017, the US seized fake cosmetics at a...
Both large and small organizations, could sometimes face serious problems such as fraud, that require special handling. However, not all companies have the resources to solve these problems quickly with minimal risk. Therefore, companies need external investigators to investigate the problems. In 2013, a federal court in Connecticut rejected the evidence...
Recent research from the tax and audit consulting firm, Crowe UK together with the Center for Counter Fraud Studies (CCFS) of the University of Portsmouth revealed in the 2018 Financial Cost of Fraud report that mining companies contributed 51% of losses to procurement fraud. Meanwhile, procurement fraud in the UK...
The German stock market was rocked by the scandal of the German digital payment platform company, Wirecard, which lost a quarter of the company's assets, US $ 2.1 billion or equivalent to Rp 29.61 trillion to be exact. The search for missing funds have been focused on the Philippines, but...
Conflicts of interest do not only occur in profit companies, but also in non-profit organizations. The conflict of interest that involves the Canadian Prime Minister is one of the most well-known cases. News from occrp.org states that Justin Trudeau was proven to be involved in awarding a charity contract to...
Fraud can occur in any organization, including educational institutions. If you want to find out how bad a fraud scandal might be in an educational institution, then Bad Education can provide the picture nearest to the reality. Bad Education is a film based on a true story of one of...
