Tag: Fraud
4 Common Investment Scams + Best Practices To Get Your Money Back
Over £1.2 billion was stolen through fraud in 2022 according to UK Finance. Authorised Push Payment (APP) fraud is a common technique for fraudsters to use to illicitly gain access to funds. APP fraud happens when someone is tricked into sending money to a fraudster posing to be a genuine payee, according to Payment Systems […]
4 Tools That Help Prevent Fraud From Hurting Your New Business
Globally, fraud causes businesses $3.5 trillion in losses each year. It is a major impediment to a healthy bottom line, and companies that fail to prevent or mitigate fraud do not last long in the marketplace. There are proven ways to prevent fraud at the commercial level. Although eliminating all fraud may be impossible, severely […]
Embezzlement: Is Your Money Going Where You Think It’s Going?
It is reasonable to assume that your contribution will be utilized properly when you make a donation to a nonprofit organization. Unfortunately, there have been several reports, including a recent investigation by the Washington Post, that prove that the world of nonprofits is filled with cases of embezzlement and fraud. To make matters worse, many […]
How to Avoid Online Scams
These days, protecting your personal information and avoiding online scams is an important part of financial prudence. While most internet users are savvy enough to realize that an email coming from a supposed Nigerian prince is probably too good to be true, today’s online scams are getting increasingly more devious — and even experienced users […]
Pyramid Schemes – 100% True Investment Fraud
With the economy finally on its way up, investors have been concerned with where to put their money. New investors since 2008 have been hesitant about investment fraud after the surge of get-rich-quick schemes that popped up, and they should be. There are dozens of investment schemes out there, and all investors should be aware […]
Arbitration Versus Litigation in Financial Fraud Cases
Stock broker firms have a legal as well as moral obligation towards the investors listed under their banner, whereby the firm consents to provide the investors with profitable and lucrative recommendations in keeping with the financial objectives, net worth as well as preference of the investors. To perform this duty the broker firms should employ […]
What are the Effects of Tax Frauds on Economy?
Taxes are enforced financial charge levied on persons or property usually affected through a legislation or existing law. Taxes are assessed and collected because they are used to support various governmental projects and programs. It is through taxes that the government obtains funds to carry on its operations and purchase facilities intended to promote the […]
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