(Caution: Graphic content) (By Daven Morrison, MD) Recently, an alert about a local fraud threat landed in my inbox. Tied to the pandemic and contact tracing, it triggered a memory of another ignoble health- related fraud. The fraud in my inbox was straightforward. Under the guise of tracking COVID-19 cases, residents were being asked for […]
(By Vic Hartman, J.D., CPA, CFE) Law enforcement and regulators are reporting a record number of frauds relating to COVID-19. In fact, the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3) reported an increase in complaints from hundreds a day to more than a thousand a day. Victims are experiencing tremendous fear and anxiety, […]
(Editor’s Note: This is the second part of a two-part blog posting by Drs. Sridhar Ramamoorti and Daven Morrison. The first part is in a blog posting preceding this one, written by Dr. Ramamoorti. This posting is by Dr. Morrison) (By) Daven Morrison, MD The rawness of emotion means the ripening of the field for fraud. […]
(Editor’s Note: This is the first of a two-posting blog by Drs. Ramamoorti and Morrison. The second part will be in a posting immediately following this one.) (By Dr. Sridhar Ramamoorti) My Behavioral Forensics GroupTM, LLC partner, Daven Morrison, MD, recently leveraged his usual role as a concerned doctor, psychiatrist, and public intellectual who’s keenly […]
(READY-FIRE-AIM, PERHAPS?) (By Dr. Joseph W. Koletar) Pitch Drop, located at the University of Queensland, Australia, is perhaps the world’s longest-running, continuous scientific experiment. Started close to a century ago, it seeks to document whether tar pitch is liquid or solid. A lump of it was placed in a container at room temperature to see if […]
(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, […]