Occupational Fraud

If you suspect your company is being defrauded, you need to conduct a thorough, documented investigation to establish evidence of fraud. Your investigation may also suggest the measures you should take to stop the fraud.

If you have discovered a fraud scheme in your company, you need to take measures to collapse the scheme and to stop the bleed. You may need to change your tender process, to switch vendors, to segregate duties, or to transfer employees.

Once the scheme has been stopped, and you’re left to pick up the pieces, you will need to make some decisions. You may want to go straight to the police and report the fraud, but remember:

• Police fraud units lack resources to investigate all but the most serious fraud complaints.
• Front-line police officers lack the experience and the opportunity to investigate all but the most basic fraud complaints.
• The criminal court process is long and focused on the offender’s guilt, not recovering assets or compensating the victim.

You may decide that civil litigation is the best way to recover your losses. The civil court process:

• Is much quicker than the criminal courts,
• Uses a lower burden of proof,
• Provides legal mechanisms to recover lost assets, and
• Is focused on financial remedies for victims.

Fair enough. Sometimes cutting your losses and firing a guilty employee is the best course of action. But before you do so, consider the pain if you are later forced to rehire the fraudster because that employee has won an unlawful dismissal case against you. Worse yet, you might have to compensate the thief for lost wages!

Clarium Fraud & Compliance Solutions has more than 20 years of front-line experience investigating and stopping occupational fraud.

Investigating Fraud:

• If your company does not have the required skills to investigate and stop fraud, Clarium Fraud & Compliance Solutions can help you determine if your company is being defrauded and, if needed, recommend the measures you should take to stop the fraud.

Calling the Police

• If you ultimately decide to go the police, Clarium Fraud & Compliance Solutions can help you prepare your complaint. We know from first-hand experience what the police investigation will require, the burden of proof, and how to structure the investigation. Clarium will conduct a thorough investigation. We will then present you with a complete report that will both reduce the police resources required to investigate your complaint and increase the likelihood of quick police action.

Using a Civil Lawyer

• Clarium Fraud & Compliance Solutions can assist you and your civil lawyer by conducting a complete investigation, gathering and analyzing critical evidence, interviewing important witnesses, and presenting you and your lawyer with the strongest argument for successful litigation. Remember, Clarium Fraud and Compliance Solutions also offers litigation support services to law firms engaged in litigating civil fraud disputes. If your law firm is representing you in a fraud case, consider leveraging our skills and experience to help you recover your lost assets.

Firing the Fraudster

• The best way to show cause and avoid wrongful dismissal charges is to complete a proper and thorough investigation. Protect yourself and your company. Trust Clarium to conduct that investigation.

Contact Clarium Fraud & Compliance Solutions today to discuss your occupational fraud concerns.