Mini-IPO = Big Risk

Posted Tuesday, October 9th, 2018 by Angela Fabek

Author: Chelsey Franks We’ve blogged recently about mega-funding – let’s shrink it down and discuss another area of risk for the investor: the mini-IPO. Several articles have been written over the course of the past year or so, discussing the potential and pitfalls of the mini-IPO. One such article, published by Bloomberg, defined mini-IPOs as...

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Fraud In The News – September 2018 Edition

Posted Sunday, September 16th, 2018 by Angela Fabek

It’s been a busy month in cryptocurrency, crowdfunding and cattle fraud (yes, you read that right) – and we’re only halfway through September! The FTC is investigating a crowdfunding campaign that disappeared with more than $700K – The agency is investigating at least one crowdfunding campaign gone bad – the iBackPack – which raised more...

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Corruption Eruption – Spotting Fraudsters Before It’s Too Late

Posted Monday, September 10th, 2018 by Angela Fabek

Author: Chelsey Franks Depending on where you look, corruption can be defined a couple of different ways: dishonest or illegal behavior especially by powerful people; and the abuse of entrusted power for private gain. The core issue remains the same – someone you should be able to trust proves otherwise. In its comprehensive annual study...

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Buy or Shell

Posted Thursday, August 30th, 2018 by Angela Fabek

Author: Chelsey Franks There’s a new (old) area of risk for investors – the shell company. Although the tools for detection are more readily available than ever, lack of awareness has allowed this vehicle for fraud to grow over time. The New York Times, the BBC and other notable publications have reported on the inherent...

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Mega-Funding Warrants Mega Due Diligence

Posted Monday, August 27th, 2018 by Angela Fabek

Author: Chelsey Franks The New York Times recently reported on a shift in startup investing, particularly in the tech space, whereby what has been known as the “mega-round” (defined as start-ups raising $100 million or more from investors) is rapidly becoming a typical round of investing. According to the article, “investors participated in a record...

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Fraud in the News – August Edition

Posted Thursday, August 23rd, 2018 by Angela Fabek

Don’t let your firm be the next headline! In this monthly release, Bishops covers the latest who’s and how’s of fraud in the news. Zurich bank settles tax evasion probe with US – The Zürcher Kantonalbank has agreed to pay the United States Department of Justice $98.5 million (CHF97.7 million) to resolve a long-running investigation...

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Best Practices for Making Your Background Investigation Program GDPR-Compliant

Posted Thursday, May 3rd, 2018 by Angela Fabek

In just a few weeks, on May 25, 2018, the General Data Protection Regulation (GDPR), goes into effect changing the rules around protection of Europeans’ personal data. The GDPR was introduced to harmonize existing data protection laws across Europe, to strengthen data protection rules in the digital age and ensure consistency for individuals and businesses....

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How Will the GDPR Impact Your Background Investigations?

Posted Thursday, April 26th, 2018 by Angela Fabek

The European Union (EU) will soon have a new data privacy regime in place. On May 25, 2018, the General Data Protection Regulation (GDPR) goes into effect, changing the rules around protection of Europeans’ personal data. The GDPR was introduced to harmonize existing data protection laws across Europe, strengthen data protection rules in the digital...

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Fraud in the News – April Edition

Posted Thursday, April 12th, 2018 by Angela Fabek

Author: Chelsey Franks, Vice President – Investigations The next time you take a mental break to browse the headlines, here are some fraud-related suggestions: Vanity Fair published the riveting story of an elaborate scheme in which a world-renowned doctor seduced an NBC producer, and how it all came crashing down. The Intercept published an in-depth...

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Protect Your Pot of Gold

Posted Wednesday, March 7th, 2018 by Angela Fabek

Author: Chelsey Franks, Vice President – Investigations There’s a reason leprechauns hide their pot of gold at the ends of rainbows – they don’t want just anyone getting their hands on it! Below we recommend three quick tips for protecting your company’s pot of gold: Define your risk threshold. Know what will make you walk...

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