Tag: fraud
A ‘Very Credible’ Candidate: This Recruiting Scam Is Underway Now
“Victoria Jones,” head of leadership consulting at Exec Search Pros Inc., emailed yours truly on Oct. 29 about a client that had “retained us to…
An Open, Dirty And Badly Kept Secret: ‘Use The IBM Code’
Last week, a federal court sentenced a Baltimore-area former owner of a travel booking company to a year and a day in prison for operationalizing…
Ticket Asset Management Represents Billions In Risk And Value
The pandemic forced BCD Travel to manage nearly half a billion dollars worth of unused, nonrefundable tickets during the year ending last month. During the…
Agro Exec In Washington State Accused Of Stealing Half A Million By Using Non-Preferred Travel Management Company
[UPDATE, July 8, 2021: Claypool on Wednesday was sentenced to three years in federal prison. He agreed to forfeit $7.8 million in “criminally derived proceeds”…
How To Break The Bond Between Corporate Travel Management And International Criminal Activity
It was a record year for U.S. federal prosecution of corruption and fraud. The Justice Department Criminal Division in 2019 charged more individuals, and secured…
St. Louis Sales Exec Indicted For Fake Expense Claims
Authorities on Friday arrested a senior sales director for St. Louis-based cheese wholesaler Swiss American Inc. on three counts of wire fraud related to use…
Why Use AI For Audits? ‘The Mind Gets Trained To Have A Positive Bias’
The number of fraud examiners using artificial intelligence and machine learning to detect and deter fraud is expected to triple in the next two years….
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