Mitigate the Risk of Expense Fraud

5 simple steps to prevent expense fraud


Consider the following expense fraud scenarios: airfare for a cancelled flight, a $50 travel meal of Ketel One and sodas, and pay-per-view movies lumped into the nightly hotel room rate. While it’s easy to believe a few dollars here and there won’t hurt, expense fraud adds up over time and is difficult to detect. 

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Facebook Seeks Retribution

Facebook sues lawyers for pursuing dubious Ceglia lawsuit


Facebook Inc and Chief Executive Mark Zuckerberg have sued several lawyers who represented Paul Ceglia, claiming they helped the upstate New York entrepreneur pursue a fraudulent lawsuit to extort a 50 percent stake in the social networking company.

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Behind the Headlines

Surprise: Retirees aren’t that vulnerable to fraud


True or false: The elderly are at greater risk than younger people of getting scammed. If you said “true” you’re not alone: Media articles, academic papers, and consumer surveys often indicate the elderly are prime targets for scam artists.

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Citigroup Disbands Fraudulent Mexican Unit

Citigroup Mexican unit said to have committed decade-long fraud 


Citigroup Inc. (C) said it discovered that the private-security unit in its Mexican bank engaged in illegal and unauthorized activities that included working for people outside of the bank and using intercepted phone calls. 

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The Double-Up Bug

Finding a video poker bug made these guys rich — then Vegas made them pay


John Kane was on a hell of a winning streak. On July 3, 2009, he walked alone into the high-limit room at the Silverton Casino in Las Vegas and sat down at a video poker machine called the Game King. Six minutes later the purple light on the top of the machine flashed, signaling a $4,300 jackpot. Kane waited while the slot attendant verified the win and presented the IRS paperwork—a procedure required for any win of $1,200 or greater—then, 11 minutes later, ding ding ding!, a $2,800 win. A $4,150 jackpot rolled in a few minutes after that.

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