Friday, May 27, 2011
Barbara Liston, Reuters
Submitted by: Kevin J. Ziruolo
Barbara Liston, Reuters
Submitted by: Kevin J. Ziruolo
Back Office Fraud Surging After Recession
(Reuters) - "Back office" fraud is draining corporate treasuries of billions of dollars a year, and the risk is growing as companies and employees struggle in the wake of the recession, finance managers and experts say.
Fraud schemes in company finance departments include the creation of fake vendors, billings for nonexistent goods, checks written to dummy companies and kickbacks from vendors.
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Posted by Editor on 05/27/11 at 06:44 AM •
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