For business fraud cases, companies have four years to bring a claim, according to the Texas Civil Practice and Remedies Code 16.004(a)(4). This may seem like a long time, but preparing a case can take several months to years. Those who commit fraud likely have done everything they can to cover their tracks and make […]
Most people do things to protect themselves and their property. Homeowners lock their doors at night and insure their valuables. Unfortunately, very few people protect themselves from fraud, and with the rise of the Internet and digital software, fraud is getting easier to commit.
According to a 2020 survey from PriceWaterhouseCoopers, 47% of respondents had experienced fraud in the prior 24 months. Business fraud is a growing problem as criminals become smarter and more daring. While no business is ever 100% fraud-proof, you can build your defenses. Here are six steps your business can take to better protect itself […]
Employees are expected to only use company property and assets appropriately and within the scope of their employment. Unfortunately, this is not always the case as many employees have been caught misusing company assets for their own personal benefit. While many smaller infractions like using company stamps to send personal mail or taking home a […]
Property transactions happen nearly every day. With many different properties going up for sale in the Houston area seemingly overnight, it’s no secret that the real estate market isn’t slowing down anytime soon. While the ongoing influx of real estate transactions brings new businesses and residents to Houston, Texas, it also comes with concerns of wire fraud.
When fraud occurs, it can cost unsuspecting victims more than they expect. One of the latest types of fraud attacks compromises corporate emails and uses them to manipulate others. Often known as CEO fraud, business email compromise tactics were recently used to scam a Swiss company out of roughly one million dollars by a multinational fraud ring.
Fraud is, unfortunately, something that affects many businesses and individuals on a fairly regular basis. One type of fraud that has become more prevalent over the years is the Ponzi scheme. The most well-known example in recent memory is the 2008 arrest of Bernie Madoff for operating one of the largest private Ponzi schemes in history, estimated at $64.8 billion.
Today, we are fortunate to have access to many different testing options that screen for various diseases and infections we otherwise may not know about. Genetic testing in particular is utilized to identify changes within the DNA sequence or chromosome structure and measures the results of these changes. For several unsuspecting seniors, however, recommended genetic testing was found unnecessary after a massive fraud scam against the U.S. Medicare program was revealed.
While unfortunate, fraud can occur in nearly any business. Funds designated for specific business use can be misappropriated and unnoticed for months or even years given the circumstances. Not even the higher-ups in Silicon Valley are immune to fraudulent activity, as recent Securities and Exchange Commission (SEC) findings in a case against a former venture […]
