Every year, corporations lose billions of dollars to embezzlement and fraud, with most of it going undetected until it accrues a significant amount of damage to a corporation’s reputation and bottom line. During the past several years, greed and scandal has quickly risen within the corporate world.
According to 2012 Employee Theft Statistics from the Association of Certified Fraud Examiners:
Workplace crime runs rampant throughout organizations, from non-management laborers to the CEO. Most employees are honest, hardworking people, but the unfortunate truth is that within any corporation exists the potential for dishonest employees. This problem is compounded by inadequate or non-existent corporate fraud investigation.
Other industry estimates imply that corporate fraud totals upwards of a trillion dollars annually. A confidential survey on corporation fraud performed by a top accounting firm showed that 81 percent of corporations reported fraud that accumulated to more than $25,000 and approximately 25 percent of those respondents claimed a loss that exceeded $1 million.
In order to properly protect corporations from extraordinary losses, corporate fraud investigation services provide the necessary expertise and resources to uncover corporate fraud, intellectual property theft, financial irregularities, kickbacks, embezzlement, and other fraudulent crimes.
As an outside entity, corporate fraud investigation services incorporate discreet legal investigation methods and provide services that are objective and unbiased. Businesses who suspect corporate fraud should review the following possible warning signs:
With corporate fraud impacting businesses across the nation, corporate fraud investigation is crucial to bringing even the most complex cases to a successful closure. To minimize the chances of fraud occurring within a corporation, businesses should implement a variety of internal controls to detect and prevent foul play.
Simple, inexpensive, measures such as audits and employee background screening go a long to preventing employee theft.
Individuals searching for a corporate fraud investigator should seek a special investigations unit that excels in conducting undercover investigations, recording interviews and statements, and locating witnesses as well as investigating subrogation, larceny, theft, and embezzlement.
Corporate fraud investigation service providers work hand-in-hand with the proper authorities to obtain the true facts and build a case for termination and prosecution of the dishonest employee(s).
PRMG agents have years of experience providing corporate fraud investigation services. We have experience conducting investigations for corporations in retail, insurance, shipping/receiving, and many others.
While each case is unique, our investigators have a set of investigative tools/services that we apply to situations as needed.
Some of the tools we regularly use in corporate fraud investigation are:
If you think that you may have a theft or fraud problem, don’t wait!
We are always happy to provide a free phone or email consultation. Click on the Contact Us form below or call 1-800-839-7574 and find out how we can help.