It took more than three years of investigation to secure charges against Montgomery. According to police, more than $200,000 had been transferred into accounts she controlled. Read the full article on CBC Source: Former bookkeeper at Surrey garden supply company charged in $200K fraud
A 52-year-old Ontario woman is facing fraud charges after allegedly funnelling over $600,000 of her employer’s money into bank accounts for charities of which she was a board member. Read the full article on The National Post Source: Ontario woman allegedly funnels over $600,000 from her employer to charities
A new study by Hiscox, a global specialist insurer, found that U.S. businesses affected by employee theft lost an average of $1.13 million in 2016. Small and midsize businesses were hit disproportionately, representing 68 percent of the cases. Their median loss last year was $289,864. Read the full article on CNBC Source: This crime in … Continue reading This crime in the workplace is costing US businesses $50 billion a year | CNBC
University of Waterloo victimized by payroll fraud. Judge correctly notes that students, taxpayers and people who donate to the university all lose from this. Catch the issue before it becomes a problem. Engage GLAnalytics.
Very interesting commentary from BNN on fraud risk.
$1.6 million payroll fraud! These issues happen more often than most people realize, to companies who feel it will never happen to them. It’s increasingly important to implement proactive controls. GLAnalytics offers a market leading solution!
Unfortunate to see the Region of Halton has been subjected to long term fraud. Hopefully they will adopt a more proactive approach in the future.
$5.5 million in employee fraud that could have been caught early with proactive monitoring.
Unfortunate example in Vancouver where an employee defrauded the company for a period of 9 years before being found out. The GLAnalytics solution is designed to report fraud proactively!