Chicago Workplace Fraud Investigators Since 1950
Workplace Fraud or Occupational fraud schemes can be as simple as pilferage of company supplies or as complex as sophisticated financial statement fraud.
ETS Investigate can provide guidance through an advisory role or even more extensive investigations depending on your needs. ETS has helped small, medium and large businesses, government organizations and large nonprofit institutions since 1984.
Workplace Fraud Includes:
Bank Fraud
Billing Fraud
Blackmail
Bribery
Check Tampering
Cellular Phone Fraud
Computer Fraud
Credit Card Fraud
Embezzlement
Extortion
Forgery
Insider Trading
Insurance Fraud
Kickback
Larceny/Theft
Money Laundering
Securities Fraud
Did You Know…?
Workplace fraud schemes tend to be extremely costly.
The median loss caused by the occupational frauds… was $175,000. More than one-quarter of the frauds involved losses of at least $1 million.
Occupational fraud schemes frequently continue for years before they are detected.
The typical fraud … lasted two years from the time it began until the time it was caught by the victim organization.
Small businesses are especially vulnerable to occupational fraud.
The median loss suffered by organizations with fewer than 100 employees was $200,000 … Check tampering and fraudulent billing were the most common small business fraud schemes.
Occupational fraudsters are generally first time offenders.
Only 7% of fraud perpetrators had prior convictions and only 12% had been previously terminated by an employer for fraud-related conduct.
Fraudsters often display behavioral traits indicative of possible illegal behavior.
The most common red flags were perpetrators living beyond their apparent means (39%) or experiencing financial difficulties at the time of the frauds (34%).
Call us today at (312) 476-7671 or contact us for further Workplace Fraud information or to get your questions answered about any of our Services.