Fraud and White Collar Crime Investigation

“Lying, cheating, and stealing. That’s white-collar crime in a nutshell.” (FBI)

Today’s sophisticated business environment calls for more urbane and well organized fraud schemes, than ever before. Threats to business reputations, externally or internally are inevitable. While there are several strong components of white collar crimes like Stings and swindles, Chiseling, Securities fraud, Individual Exploitation of Institutional Position, Influence Peddling and Bribery, Embezzlement and Employee Fraud, Client fraud, Corporate crime , a single fraud or a white collar crime can cost organizations and investors billions of dollars. CRR team is dedicated to use their expertise to trace down the culprits and stop scams before they start. CRR brings a decade of sector specific Deep and Wide experience in dealing with a wide array of corporate investigations of fraudulent activities. The goal of our crime investigation strategy is the optimum mitigation of impact to our client’s business in an efficient and cost effective way before they become widespread and irreversible. Our customized preventive measures provide the client with the best possible blend of proactive and reactive services identifying flaws in internal control systems and reducing the liabilities associated with corporate fraud.

Fraud can happen to anyone at anytime (Comer’s Rule)

CRR team’s fraud and white collar investigations and risk detection and management services cater the needs of financial institutions, corporations, partnerships and individuals around the world. Organizations today are nudged by varied illegal acts characterized by deceit, concealment or violation of trust. Whether it is corruption, conflicts of interest, theft of assets false reporting or technological abuse CRR’s multitalented team of Certified Fraud Examiners (CFE’s) are trained in dealing with a vast array of frauds like:

  • Internal frauds committed by employees (Stock theft, Misappropriation of cash /assets, lapping, Check forgery, Expense account, Petty cash, Kickbacks loans / investment, payroll frauds, accounting frauds),
  • Management (Lapping , Expense accounts, False financial statements, Misappropriation of cash /assets, Unnecessary purchase, Check forgery, Kickbacks , Ghost vendors, Diversion of sales, intellectual property crimes)
  • Or frauds through some external factor (False insurance claims, Credit card fraud, False invoices, Product substitution, Bribes / secret commission, Bid rigging / price fixing, False representation of funds, online cyber crimes)

Fraud can be prevented by good people asking the right questions at the right time.

Our team of Certified Fraud Examiners works with organizations proactively or reactively to analyze and access the risks and the possibility of frauds. Frauds can be prevented by improving the tone of management at the top, implementing robust codes of conduct, holistic internal controls and risk assessment and management, performing background checks of new employees, regular fraud audits & established policies, Ethical training of employees and effective workplace surveillance systems. Our team of CFE’s works with clients to analyze and assess fraud prevention measures, devise and implement risk management programs, provide training for executives, board, management and staff, establish effective communications strategies for reporting suspicious behavior, and implement investigation and corrective action policies that meet regulatory and compliance requirements.

Techniques used by CRR

  • Public document review and background investigation (non – financial documents)
    • Personal property records
    • Corporate partnership records
    • Civil and criminal records
    • Stock trading activities
  •  Interview knowledgeable persons
  • Confidential sources
  • Laboratory analysis of physical and electronic evidence
    • Analyzing fingerprints
    • Forged signatures
    • Fictitious or altered documents
    • Mirror imaging
  • Physical and electronic surveillance
  • Undercover operations
  • Analysis of financial transactions
  • Review of organization’s written code of conduct
  • Reviewing existing fraud risk management programs
  • Employee ethical trainings
  • Developing reporting channels (external / internal)
  • Process supervision
  • Comprehensive reporting