(By Dr. Joseph W. Koletar, CFE, Founding Partner, Behavioral Forensics Group, LLC) The use of metrics in anti-fraud activities is as old as the profession itself, yet fraud persists in forms great and small. It is an endeavor which will never achieve a 100 percent success rate any more than law enforcement will prevent most […]
(Can You Really Trust “Nice” People?) (By Dr. Joseph W. Koletar and Daven Morrison, MD) Since the beginning of time, “shrink” has been a problem for the retail industry. The term refers to goods lost to shoplifting and internal theft. It is generally estimated at about 4 % of potential sales, and presents a significant […]
(Note: On June 20, two of our bloggers will be presenting to the 2018 National Consultants’ Conference of the National Association of Certified Valuators and Analysts (NACVA) in Las Vegas. Drs. Daven Morrison and Sridhar Ramamoorti’s presentation is titled, Beliefs, Behaviors, and Fraud in Valuations. It is based on the thoughts presented below.) (By Sri […]
(By Dr. Joseph W. Koletar, CFE, Founding Partner of Behavioral Forensics GroupTMLLC MONEY Magazine of March 2018 carries the following article on page 22: The Insane Amount Millionaires Say They Need To Be Happy. (Research shows the more you have, the more you think you need) The article recounts that researchers from the Harvard Business […]
(By Dr. Joseph W. Koletar, CFE, Founding Principal – Behavioral Forensics GroupTM, LLC) The September, 2017 edition of Corporate Counsel magazine reported the results of a survey done by Deloitte Consulting of corporate General Counsel executives: “Survey: GCS Fear Workers Will Let Lapses Slide” (p.10) The survey was released by Deloitte Consulting’s Don Fancher, […]
Dr. Sridhar Ramamoorti, ACA, CPA/CITP/CFF/CGMA, CIA, CFE, CFSA, CGAP, CGFM, CRMA, CRP, MAFF, Founding and Managing Principal of Behavioral Forensics GroupTMLLC, has been invited to speak in June at the annual Consultants Conference of the National Association of Certified Valuators and Analysts (NACVA), in Las Vegas, Nevada. Dr. Ramamoorti’s presentation is titled, “Beliefs, Behaviors, and […]
(It is in rewards and compensation systems) (By Dr. Joseph W. Koletar, CFE, Founding Principal of Behavioral Forensics GroupTMLLC) (NOTE: Our previous posting briefly suggests that rewards structures within companies sometimes encourage fraud, especially when business is going bad. This posting by Dr. Koletar picks up where that posting ended by more deeply defining the […]
Inaugural Education Program for the Behavioral Forensics Group (Daven Morrison with Jack Bigelow, Vic Hartman and Joe Koletar) Last month we spent a weekend with the National Association of Certified Valuators and Analysts (NACVA) in San Diego. In our inaugural Behavioral Forensics Group seminar our team had the delightful opportunity to share our concepts and […]
(By Jack Bigelow) With the passing of the holiday season, the nation’s brick-and-mortar retail companies are deep in the winter of their discontent. The discontent stems from a business model that appears to be in peril from on-line competitors that are blitzing the retail market, riding the crest of a sea change in consumer buying […]
(Blog Curator’s Note: With this posting, we end a lengthy hiatus in postings on this blog, for reasons cited in the previous posting. It is appropriate to return to some basic thinking about fraud as we resume. Dr. Sridhar Ramamoorti is founder of this blog, and the posting below is based on his definition of […]