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Archive for the ‘Blog Post’ Category

Announcement for February 3

Posted on: February 10th, 2021 by Sarah Nasir No Comments

This week, in part 2, of An Embezzler and a Forensic Accountant, Sarah shares what 23 years of forensic accounting experience has taught her about people like Barry, the commonalties of complex financial schemes, tips on how to spot the warning signs of fraud and some simple techniques to minimize fraud risks. But perhaps most importantly, she explains what to do if you suspect fraud in your company.

Listen https://anchor.fm/investigationinsiders/episodes/An-Embezzler-and-a-Forensic-Accountant—Part-2-eo4jg2 , subscribe, leave a comment, and share your ideas for future episodes of Investigation Insiders.

 

Assistant Manager at Pennsylvania Hotel Charged In $85,000 Theft Scheme

Posted on: February 4th, 2021 by Sarah Nasir No Comments

Andrew Charles Gemberling, a former assistant manager at Country Cupboard Inn Best Western, was charged with making $56,000 worth of fraudulent transactions using a company credit card to buy goods, then return the items for cash. He also admitted to helping himself to approximately $30,000 from the cash register. The scheme went on from August 2016 to December 2020, when the credit card company tipped off his employer to the suspicious transactions.

What is unique about the County Cupboard case? Turns out, not much. According to the Association of Certified Fraud Examiners, on average, fraud schemes last fourteen months and, like Mr. Gemberling, it was uncovered by a tip which is the way it goes 43% of the time.

In the aftermath of a fraud event, many businesses scramble to bolster internal controls and segregate duties to avoid repeat events. That’s a good thing. However, what’s really needed is a long-term commitment to being vigilant about protecting assets.

Security cameras trained on the cash register are only a good deterrent if somebody is reviewing the receipts to assess whether something untoward is occurring. Otherwise, it is unlikely anyone has the time or desire to review hours and hours of the camera footage and a crooked employee probably knows that.

Staying vigilant with effective internal controls that grow and evolve as the business does is one of the best ways to reduce fraud risk. Remember, every company is different and protecting it isn’t a one-size-fits-all proposition.

 

Contact us to find out how Integrity 1 Solutions can help protect what’s important to you.

info@i1sglobal.com

212.229.0907

Announcement for January 27

Posted on: January 27th, 2021 by Sarah Nasir

This week, Sarah Nasir, CEO and managing partner of the forensic accounting firm, Integrity One Solutions, joins the Investigation Insiders podcast as they bring you the first of a two-part series that takes the listener on a journey inside the world of embezzlement. Hear first-hand how Barry Webne, a two-time convicted felon, stole over $2 million from his employers. Barry shares the embezzler mindset, the techniques he used to avoid scrutiny, how he was eventually caught, and the steep price he paid for his crimes.

Presented from two unique, but intertwined perspectives, this two-part series, is as informative and engrossing as it is cautionary about the horrors businesses face when simply relying on the honesty and good nature of their employees.

Listen https://anchor.fm/investigationinsiders/episodes/An-Embezzler-and-a-Forensic-Accountant—Part-1-ent69o, subscribe, leave a comment, and share your ideas for future episodes of Investigation Insiders.

Fraud in Houses of Worship

Posted on: March 23rd, 2020 by Sarah Nasir
i1s Fraud Chronicles 2

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