Much Thanks and Appreciation from the Bishops Team

Posted Sunday, November 18th, 2018 by Angela Fabek

With the Thanksgiving season upon us, I have been reflecting on the things I am most grateful for throughout the year. On a personal note, I am grateful for the many blessings in my life to include my amazing and supportive wife, Michiko, and our daughters, Kylie and Kenzie, who are growing quicker than I...

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5 Fraud Tips Every Business Leader Should Act On

Posted Wednesday, November 14th, 2018 by Angela Fabek

Operational fraud can happen to any business, big or small, and is often an unfortunate side effect of running a business. Fortunately, there are many things that can be done to mitigate risk and lessen the impact. The following list provides some great actions to take and processes to put in place in your organization...

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Infographic: Fraud in Small Business

Posted Tuesday, November 13th, 2018 by Angela Fabek

Occupational fraud is an unfortunate risk that comes with any business but it can have an especially detrimental impact on small businesses. Due to less resources and fewer anti-fraud controls, small businesses tend to be more vulnerable, especially when it comes to corruption and noncash fraud.   Download the Infographic > This infographic was created...

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Infographic: The Red Flags of Fraud

Posted Monday, November 12th, 2018 by Angela Fabek

Do you think you could spot a fraudster within your organization? Do you know what behaviors and traits are commonly associated with people who commit fraud? This infographic was created by the ACFE and is the result of analyzing fraud cases from present day back through 2008. Read through this insightful piece to learn more and...

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Fraud in the News – October Edition

Posted Monday, October 22nd, 2018 by Angela Fabek

Leaves aren’t the only thing falling in autumn – fraudsters are too! Check out the latest in fraud headlines: The SEC Charges Former Insurance Wunderkind With Fraud – The SEC alleges that Alexander Chatfield Burns and associate Andrew B. Scherr diverted $300 million from insurers they controlled and caused the companies to become insolvent. MoviePass...

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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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