Don’t Hire A Fraud Investigator Until You Know What I Know!

fozia shan siddiqi remax investigations have been on the rise over the last decade, and it isn’t because business owners are getting paranoid. If anything, business owners have only recently gotten wise to the massive kind of threat that financial fraud poses to their livelihood.

Bank and Mortgage Fraud Two of the main areas of work for a financial fraud investigator are in bank and mortgage fraud. Makes sense – banks and real estate are where the money is. And bank fraud isn’t just an American problem. International money fund suspects that banking fraud cost the industry around $6 billion a year worldwide.

It’s a job that always keeps you busy. There are times when absolutely no suspicious activity is found – but it’s more than worth the work when you get a hit.

Of course, if you’re going to work on banking and mortgage fraud, some skill with numbers doesn’t hurt. When you’re ready to hire someone to track down signs of fraud, look for some study in accounting and financing, as well as a criminal investigation degree or some other kind of criminal experience. With financial fraud on the rise, the demand for people with the skills to nab these crooks is only going up.

The requirements should extend beyond a few diplomas. A fraud investigator should have integrity, honesty, and the ability to handle sensitive, confidential material with the utmost care.

There are times when even the best people in the justice system don’t have the time and resources needed to give your case the attention you feel like it deserves. A private investigator can be an amazing supplement to police or attorneys, as long as they approach it with the right process.

First, each investigation should get a complete, top down review. They should talk to everyone connected with the case – police, doctors, relevant witnesses. They should find them, talk to them in detail, and get recorded and written statements. We also analyze and review documents and photographs. Digital evidence, physical evidence, public records – it all needs to be tracked down and then complied in a way that stands up in court.

Trust can difficult when there’s a lot of money or power at play. Training to detect anomalies in corporate accounting is practically a field of its own. Investigators need to evaluate financial statements, accounting practices and accounting compliance to root out potential trouble before it happens.

One of the hurdles in dealing with corporate fraud is that the criminals are savvier than the average criminal, and most people in the corporate chain of command don’t have time to give thought to these kinds of problems – according to a study by PriceWaterhouseCooper, most fraud cases are stumbled upon completely by accident. But once a problem is discovered, a savvy investigator can track down the problem. When you’re ready to hire, get someone who will:

Leave a Comment