Log In

This article, the ninth of ten in our Fraud Awareness Series considers cybersecurity, more specifically hacking. There are a number of different tools in the hacker’s toolbox, but this article will consider some of the most common and try to suggest...

Window dressing refers to a practice used by some companies to improve the appearance of financial information before the close of an accounting period and reporting to investors or creditors. There are many forms of window dressing, ranging from s...

Hedge funds are flexible investment vehicles, built on the premise that their investors are financially “sophisticated” and aware of the inherent risks in these investments. But even these sophisticated investors can fall victim to fraud. Some of t...

The man at the centre of the biggest fraud probe in US corporate history yesterday spoke at a meeting of compliance specialists in Bermuda. Andrew Fastow, the former chief financial officer at energy firm Enron, which collapsed in 2001, told Bermuda’...

This is part five of a 10 part series. People often hear about pyramid schemes via friends and family, which makes the ‘opportunity’ seem even more appealing as it has been tried and tested by people they know. People involved at a low level may not ...

These schemes originate from the 1920s when Charles Ponzi, an infamous ‘investor’, promoted a number of scam investments which later became known as Ponzi schemes. The largest and probably most well-known Ponzi scheme, which brought in over $65 billi...

Pump and dump schemes are an example of a fraudulent and manipulative scheme which creates a false or misleading market, which benefits the fraudster. A key to their success is their ability to reach, and in turn manipulate, as many people as possibl...

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...