Company Fraud Investigations in NYC: 5 Fraudulent Schemes to Keep an Eye Out For
Owning and operating a business comes with unparalleled responsibility--the last thing that you should have to worry about is company fraud! Unfortunately, fraudulence still happens, and on average companies lose up to 5% of revenue annually to fraudulent behavior.
Company fraud investigations in New York City
If you suspect company fraud, then it's time to hire an expert to conduct a company fraud investigation. If you’re not sure if a fraudulent scheme is afoot, then check out these 5 common forms of company fraud that can be a threat to your business.
1) Payroll Fraud- This form of company fraud can come in many forms. From lying about sales to fibbing on company hours, and more, payroll fraud is a serious issue.
2) Asset Misappropriation- This is one of the most common forms of company fraud. This may include missing inventory, forged checks, skimming, etc. Luckily this form of fraud is easy to spot.
3) Tax Fraud- Tax fraud, also known as tax evasion, refers to misreporting expenses to IRS, resulting in lower tax brackets and special exemptions.
4) Bribery/Corruption- This form of fraud includes a vast range of unethical practices that may include using money to influence, kickbacks, manipulation of contracts, and more.
5) Insurance Fraud- Any business can fall victim to insurance fraud. Whether it’s filing false claims or employees lying about injuries to collect workman's compensation, insurance fraud is bad for business.
At John Cutter Investigations we offer company fraud investigation services to NYC, Bergen County, Brooklyn, Manhattan, New York City, and the surrounding areas. With a passion for justice and law enforcement experience dating back nearly 30 years, our founder John Cutter is licensed and ready to help you get to the bottom of your company fraud investigation.
Whether investigating fraud on a personal or corporate level, John Cutter leaves no stone unturned and uncovers the truth with finesse and efficiency. Contact us today at (877)-528-8837 to request a consultation.