Credit card fraud by former employee30-November-2010 Fraud and Insolvency By admin
Some corporate fraud by employees is not premeditated. it is opportunistic. Sometimes temptation overrides common sense. It is important that businesses have in place mechanisms to prevent fraud.
In this video it explains a simple scenario. A laid off employee didn’t have his corporate credit card canceled. So he took advantage of it and went shopping and paid for a family holiday. Clearly it is illegal but the recovery of the money can be a distraction and expense your business could do without.
This video has some simple tips for companies to help reduce employee fraud. Streeterlaw’s Mark Streeter has extensive experience in fraud cases.
Corporate Fraud does happen in Australia? Get Streeterlaw’s free eBook: Workplace Fraud Investigation. How to uncover it, prevent it, stop it