Fraud

Every year, businesses across the country lose billions of shillings to fraudsters. In a worrying trend, criminals are adapting to the changing times, and it’s safe to say that even the most technologically advanced security measures your business may have taken to...

When you enter into a contract and uphold your end of a bargain, you expect to get what you’re due in return. However, some people are masters at stretching the truth beyond all recognition. A misrepresentation is any kind of false statement of fact that one party...

When businesses file for bankruptcy, there are certain requirements they’re supposed to meet. One of these is that they need accurately report their assets to the court. This is the only way that a decision about the petition can be made. And, the information is used...

Wire fraud can be detrimental to your business, and the financial ramifications might carry on for years. No doubt due to the sensitive nature of the issue and the way that it could affect consumer trust in a company, a report released in 2020 revealed that only about...

If you are new to the world of business, nefarious individuals or groups may see you as an easy target upon which to perpetrate wire fraud. On the other hand, even companies that have thrived for years in the Houston region are not safe from various kinds of fraud....

Online fraud has risen during the past year. With more businesses than ever forced online, fraudsters have taken full advantage. Juniper Research estimates online fraud reached $17.5 billion last year, and they forecast it will rise to $21 billion this year. Trading...

Wire transfers provide businesses with a fast, efficient and cost-effective way to receive or send funds. Although most companies are happy to use wire transfers, fraud is a widespread hazard that can threaten your business’s bottom line. What is wire fraud? It is a...

As a business owner, you worry about fraud. You know the impact that it can have on your financial position. You have to work with other companies to make your own business work, but you also understand that that puts you in a vulnerable position. One type of fraud...

When you’re investing in real estate, you know that money needs to change hands. Naturally, you don’t want to carry that kind of cash around with you, so most people wire the money directly from one bank to another -- and that’s what today’s thieves are counting on....

Both businesses and individuals can wind up falling victim to wire fraud schemes. Wire fraud schemes often involve one or more individuals hoping to benefit financially by tricking or manipulating the victim into completing a transfer of funds. Wire transfers are...