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In 1992, only one in five Americans owned a computer, even fewer were on the internet, and a “twitter” was something a sparrow did, not humans. Forensic Strategic Solutions (FSS) was founded in October 1992, and like the internet, the concept of forensic accounting...
From board games to drive-in movies, a whole raft of retro activities have made a comeback amid the COVID-19 pandemic. Unfortunately, fraudsters also have been busy reviving a blast from the past—the Ponzi scheme. During the last two years, financial fraud...
A do-it-yourself approach may work well for repairs around the house, but for CPAs conducting a financial statement audit, engaging specialized forensic accounting services to help design an audit to detect fraud can help avoid a career-damaging DIY disaster....
Recently, the former comptroller of a Maryland dance academy pleaded guilty to fraud after she gambled away nearly $1.5 million of school funds at a local casino. One embezzlement fraud conviction is bad enough. But the woman in question had been convicted just eight...
The U.S. Department of Justice recently announced that it had collected $2.2 billion in settlements and judgments from civil cases involving fraud and false claims against the government during the last fiscal year — with the bulk of the money recovered via False...
Written in collaboration with Janine Driver, author of You Can’t Lie to Me A few weeks ago, Bernie Madoff, architect of one of the largest and most infamous Ponzi schemes in history, died in prison. He was serving a 150-year term for swindling thousands of people to...
Discovering that a trusted employee has engaged in embezzlement fraud can lead to a series of sometimes contradictory responses by an organization’s leaders—actions that can harm an investigation and expose the enterprise to additional legal and financial risk....
Imagine working at a company for a period of time, checking your bank account and realizing that no paycheck had been deposited in exchange for your work. This scenario would undoubtedly raise red flags. Similarly, cash flow analysis performed by lenders and auditors...
Written in collaboration with Janine Driver, author of You Can’t Lie to Me OPEN is a key word to remember when detecting deception. Open body language – and an open mind – are your best friends when looking for the truth. An open mind is going to help keep you in the...
Written in collaboration with Janine Driver, author of You Can’t Lie to Me Now that we’ve peeked behind the curtain of speech and facial expressions, it’s time to move on to body language. But before we focus on our subject’s nonverbal cues, let’s shine the light on...
Written in collaboration with Janine Driver, author of You Can’t Lie to Me THE FACIAL FAUX PAS Now that you have gathered your intel – you have your subject’s baseline squared away and you’ve peeked behind their words – it’s time to focus on the facial faux pas. There...
Written in collaboration with Janine Driver, author of You Can’t Lie to Me Once we’ve established the baseline, it’s time to drill down to expose the meaning behind the words. While body language has long been the focus of detecting deception, research has shown that...