Some reporting on the "Jamaican Fraud"

Interesting report by retired newscaster Dan Rather on fraud originating from Jamaica.

http://news.yahoo.com/just-hang-up-191057908.html

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

                                             

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

Fraud in Religious Organizations II

   There are several reasons why religious organizations can be prone to fraud and white-collar theft. 

1.  Religious organizations tend to be small organizations.  Yes, there are exceptions like the "mega churches" or the Catholic Church.  However, many religious organizations are much, much smaller.

2.  Religious organizations, by their very nature, engender trust among members.  This tends to lead to the false belief that trust is an adequate control.  Remember, fraudsters and white-collar criminals feed off the trust of other people to perpetuate their crimes.

3.  Unfortunately, in many instances, when fraud does occur in a religious organization, there is a cover up so members do not feel threatened. 

4.  Religious organizations are usually nonprofit organizations under US law and therefore are often not tightly regulated.

Credit for the above goes to Robert Cornell and Carol B. Johnson and the Jan/Feb 2012 issue of Fraud Magazine.

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

                                             

Have a great and fraud-free day.

 

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

Trusting Assistants with Access to Money V

We have seen how an assistant who uses the "salami technique" has the advantage of taking a small amounts of money from various sources.  By taking small amounts from various sources, it provides a good cover for such theft.  Very few people will notice a "little here" and a "little there" missing.

      However, this approach also paradoxically provides an opportunity for this person to slip up - sometimes it is hard to keep track of what is what and, as a result, errors can occur which draw the attention of fraud investigators.

   Next, we will discuss how to prevent, or at least take steps, to prevent such fraud from occurring.

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

Have a great and fraud-free day.

http://www.tauskvega.com

----------à>>>>>>>>>>>>>>>gene tausk

Tragic story of Elder Fraud

We will be covering this topic in later days.  Here is an example of how this is a tragedy.

http://news.yahoo.com/elder-fraud-one-couples-losses-hard-lessons-151156523.html

NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE.  IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.

Have a great and fraud-free day.

http://www.tauskvega.com

----------à>>>>>>>>>>>>>>>gene tausk