Tag: Other

Joint Whitepaper – Supply Chain Management Association and BDO
Chetan Sehgal

“… a comprehensive guide to the most significant issues of fraud and strategies to manage them….”

SCMA-Whitepaper

Presented at the 2019 Annual Review of Insolvency Law – Montreal, QC
by Gregory Azeff, Stephanie De Caria and Matthew McGuire

“…despite the enthusiastic proclamations of tech geeks, anarchists and other cryptocurrency early adopters, cryptocurrencies are not a panacea. There is a dark side to the technology; the anonymity of certain blockchain structures, combined with their borderless nature and the stringent privacy policies adopted by some cryptocurrency providers, make them ideal for exploitation by unscrupulous individuals as a means of hiding assets and transactions…..”

Azeff-De-Caria-McGuire

Jeffrey R. Filliter, Managing Director – Froese Forensic Partners Ltd.

Frauds in general continue to be on the rise at an alarming rate in direct correlation with both the domestic and global downturn in the economy. Those who might otherwise be predisposed to committing crime find themselves reaching states of desperation as a result of their inability to provide, in some cases, even the necessities of life. In addition, organized crime groups capitalize on desperation by preying on those who are most vulnerable financially to join their forces in defrauding the wealthy. The recent “Occupations” that occurred throughout the world’s economic powers were a clear sign of many people’s frustration with the perceived divide between the wealthy and the impoverished. There is evidence to support that organized crime factions infiltrated those groups with a view to heightening the demonstrations and to recruiting potential fraudsters to assist in their attack against “the 1%”, which to many represents the growing wealth gap between America’s wealthy elite compared to the overall citizenry. Continue reading Global Economy and it’s Impact on Current Fraud Trends

Wayne Watson

As investigators, we are called upon to investigate allegations that were brought to our attention by people who expect us to be fair, thorough and impartial throughout our investigations. Organizations invest enormous amounts of time and money to protect their clients as well as their reputations. An overzealous or incompetent investigator can be a real liability to their employers. The cloud that hangs over an organization that conducts and acts on the results of a badly conducted investigation takes a long time to dissipate. Credibility and trust are difficult to earn and extremely easy to lose especially in this media hungry and litigious society we live in. That is why those who attempt to cut corners, or obtain evidence illegally or unethically not only end up doing a disservice to their organization, the complainant, their colleagues and to society as a whole, but most of all to themselves. Throughout my many years in the realm of investigations I have worked with some pretty incredible investigators so I thought that in this column we would look into what makes these investigators a “cut” above the others. Continue reading Autopsy of an Investigator

Nelson Bennett – April 7, 2015, Law & Politics

When Open Connection owner Bruce Lloyd discovered that one of his employees might have fraudulently obtained equipment and commissions from his company – a Telus (TSX:T) retailer – he did what most people would be inclined to do: he went to the police.

Lloyd discovered it would take several days to get a warrant to search the former employee’s home for the evidence he would need to prove the fraud – long enough for that evidence to disappear. He ended up dropping the case and writing off the fraud, which he estimated at between $60,000 and $80,000. Continue reading Investing in Fraud Prevention Can Pay

Milos Barutciski, Matthew Kronby and Steven T. Robertson
Bennett Jones LLP

On May 23, Nazir Karigar, an agent of Cryptometrics Canada Inc. (Cryptometrics), was sentenced to three years in federal prison under Canada’s foreign bribery statute. Mr. Karigar was convicted last August of conspiring to pay approximately $450,000 to India’s Minister of Civil Aviation and officials of Air India, a state-owned enterprise, in an attempt to win a multi-million dollar contract for Cryptometrics to supply security systems to Air India. Mr. Karigar was convicted largely on the evidence of another Cryptometrics executive, who was granted immunity from prosecution in exchange for his cooperation. Karigar had unsuccessfully attempted to negotiate immunity for himself, and instead became the focus of the prosecution. Continue reading Prison Sentence in Air India Bribery Scheme Sends Deterrent Message to Canadian Executives

Brian A. Grosman – Levitt & Grosman LLP

Just as Edward Snowden proved to the political classes that the technological malfeasance of a single bad actor can undermine global security, at this very moment hundreds of kindred scoundrels are mining corporate data unchecked, diminishing or even razing corporations’ very worth in the dark. If they are not already, today’s captains of industry should be very worried. Continue reading Corporate Security on the Brink

Robert C. Taylor and Sunira Chaudhri
Levitt LLP

Just as any savvy consumer would check under the hood to avoid purchasing a lemon, smart employers do background checks on prospective employees. However, they must conduct background checks carefully in order to avoid running afoul of human rights legislation. Continue reading Failure to Vet Candidates is a Costly Mistake

Ms. Nancy Warden and Ms. Karen Vanderzweerde

Professional certification is a process in which a person proves that he or she has the knowledge, experience, and skills to perform specific tasks. This month the ACFI has profiled two women, who had attained their CFI.

We asked them a few questions as to how beneficial the CFI designation has been in their careers. Continue reading Profiling Women In The Profession

Maureen Ward and Nathan Shaheen – Bennett Jones
Fraud Law Update, April 2013