Seven Secrets Every Whistleblower Needs to Know

Whistle blowing should be encouraged more and whistle blowers should not be punished for telling on the perpetrators. What we have to understand is that fraud of any kind affects every single one of us directly or indirectly. For example, for every fraudulent situation that banks experience and the losses they incur gets passed on to us via fees. Have you ever noticed that after paying a certain amount for fees for a while, you then receive the letters in the mail stating Oh by the way, your fees will be increased by this amount. 

You then wonder when did this happen. Well, some of those increases come from the fact that the bank has to in some way recover for its losses incurred through the id theft customers report or losses that incurred during a hacking activity or fraud  experienced by the bank. If you have the opportunity to whistle blow, here are seven things you should know. This was written by a whistle blower who experienced a backlash for trying to do the right thing. His point is whistle blow the right way to avoid what he went through.

Let me know your thoughts 

http://blogs.wsj.com/speakeasy/2012/12/04/seven-keys-to-being-a-successful-whistleblower/

Ten warning signs - Is fraud being committed in your company?

Businesses must be able to identify these warning signs. Diligence is key to the prevention of fraud within a company. You have worked too hard to build your business or you have moved up the ranks of the company, you have invested your time and energy in helping this company grow and your retirement is invested in it, why allow a fellow co -worker or employee destroy that for you.
Remember, this co-worker  or employee can shut the company down single handedly.  All your hard work as a business owner/employer or an employee is out the window. That is devastating wouldn't you agree? See link on Ten Warning Sign

Ten warning signs - Is fraud being committed in your company?

Let me know what you think

CPA sentenced to prison in massive fraud scheme - Washington Times

Alright guys, are we not supposed to trust our CPAs and our bosses. The answer is trust with caution. No one is immune to this behavior, we all must understand that. The fraud Triangle makes that clear. (see link below)

Opportunity + Pressure + Rationalization =  FRAUD

Perpetrators with higher levels of authority tend to cause much larger losses. The median loss among frauds committed by owner/executives was $573,000, the median loss caused by managers was $180,000 and the median loss caused by employees was $60,000. (ACFE. com)

 CPA sentenced to prison in massive fraud scheme - Washington Times

FRAUD IS A VIOLENT CRIME- PREVENT IT

CIFAS urges job applicants to be completely honest

It is important for companies to ensure they do thorough background checks on potential employees. If you outsource the process, vet the vendors as well. Get references from other businesses who have used the background check companies. It is extremely important as this is one important internal control that helps prevent fraud. As much as we expect our potential employees to be honest as the article urges them to do, one can never be too careful. As a business, you want honest employees with self respect and morals to work with you. 

http://www.cifas.org.uk/job_appfraud_novtwelve?goback=.gde_83088_member_190003596