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All business owners should be aware of the potential risks and the appropriate procedures to have in place to minimise the risk of inventory fraud. Inventory fraud can transpire across all facets of small and large businesses. This type of fraud us...

A cheque kiting scheme generates non-existent revenue and produces questionable account balances by taking advantage of the clearing period for a cheque, known as the ‘float period’. According to the Association of Certified Fraud Examiners (ACFE), c...

In the first of a ten-part series on fraud, Mathew Clingerman, of fraud investigator and asset recovery specialist KRyS Global, looks at identity theft. A 2014 report carried out by Javelin Strategy & Research found that identity fraud occurred a...

Gibraltar media reported last week that hundreds of small investors who lost money as a result of fraud committed by Benjamin, Isaac and Solomon Marrache, brothers who had run one of Gibralter’s largest law firms, are unlikely to recover their assets...

April 18, 2014 Dear Sir, In the fall of 2013, the OBA Government quietly enacted the Proceeds of Crime and Related Measures Amendment Act 2013. This omnibus legislation, which became effective on 8 November 2013, not only greatly increases the pena...

A key figure behind one of the biggest corporate frauds in history will speak in Bermuda later this year. Former Enron chief financial officer Andrew Fastow, who was jailed for six years for his part in the former energy trading company’s phoney acco...

A surge in Financial Assistance clients, prompting Government to launch a fraud hotline to catch cheaters, was seized by the Opposition as a sign that the One Bermuda Alliance lacks a plan for jobs. Michael Weeks, Shadow Community Minister, said yest...