Posts Tagged ‘fraud scheme’
The Little Black Book of Scams (Your Guide To Protection Against Fraud)
The Competition Bureau of Canada just released The Little Black Book of Scams Your Guide To Protection Against FraudRead More
Now You See Me, Now You Don’t: Why Do People Commit “Pseudocide”?
Pseudocide, “the act of faking one’s own death,” has existed and been committed for centuries. There are many scenarios that might come to mind about why and how someone would concoct and attempt to carry out this type of fraud. Some reasons that, to some people, are obvious and others that are beyond fathomable.Read More
Is it the End For the Monolithic Tax Haven?
Tax havens have been catering to the super wealthy, dictators, terrorist groups, organized crime and legitimate corporations for centuries.
It is perfectly legal to open a company and/or bank account in an offshore tax haven as long as your country of origin is aware of it and you pay your taxes.
Legal issues arise when…
Think you’re too educated to become a fraud victim?
The lack of correlation between a person’s education and their propensity to fall victim to a fraudster is all too familiar. Fraudsters are entrepreneurs. The types of fraud they perpetrate and the marketplaces in which they find success vary depending on their talents, skills and operating comfort zones.
Also, fraud is a relational crime. Potential victims — prospective marks — will be more susceptible…Read More
The term Ponzi Scheme was brought to the forefront in 2009 when Bernie Madoff admitted to committing the largest fraud in U.S. history and sentence to 150 years in prison for stealing $65 billion from thousands of investors. The Ponzi Scheme is named after a con artist who lived in the early 20th century. Although the Ponzi scheme carries his name…Read More
Protect the Potential Victims of Fraud
According to Jean-François Fortin, the executive director of enforcement at the Autorité des marchés financiers (AMF), there are two ways that regulators can prevent and deter fraudsters. “First the certainty of being caught. And second, the certainty of punishment.”Read More
How Criminals Disappear
Newspaper headlines and television news media have been inundated with stories of investment advisors who have fleeced their clients out of millions of dollars and vanished into thin air. How do people just vanish?Read More
The Rise of Identity Theft (Part II)
After identity theft happens there’s not much that can be done. Prevention goes a long way so make changes now to prevent issues later.Read More
The Rise of Identity Theft (Part I)
Identity theft has become one of the fastest growing crimes leaving victims with hundreds of hours and thousands of dollars trying to clear their names…Read More
The ACFE 2016 Canadian Fraud Conference
The 2016 Report to the Nations on Occupational Fraud and Abuse uncovers a disturbing rise in incidents of occupational fraud in Canada and around the world.Read More