Warning Signs of Fraud
Fraud is not easily recognized, and common misinterpretation of warning signs can lead to trouble.
Kermit A. Tyler was on temporary duty at the radar information center at Fort Shafter on the Hawaiian Island of Oahu on the morning of December 7, 1941. A radar operator in the northern part of the island reported an unusually large blip on the screen, indicating a large number or aircraft about one hundred thirty miles away and approaching fast. When Tyler reported this information up the chain of command he was told, "Don't worry about it," for the blip was believed to be a group of U.S. B17 Bombers coming from the mainland. But it wasn't, and you know the rest of the story. The "don't worry about it" blip was in fact the first wave of a surprise Japanese attack on the U.S. Naval base at Pearl Harbor that plunged the U.S. into World War Two.
Fraud is something like that blip. It usually does not appear as a fraud, and is often explained away as something more ordinary and benign. In the story above, the radar equipment was working effectively, but the information on the screen was not interpreted properly. If the attack had been launched... Read More
|How To Build an Effective Fraud Defense |
With the incidence of fraud activity increasing, legal professionals need to understand how to develop and implement an aggressive fraud defense strategy to better defend their clients accused of fraud.
Due in part to a significant economic downturn, more and more frauds are being uncovered, and a wide variety of crimes are classified as fraud or other types of economic offenses.
Fraud cases include:
In addition, fraud offenses are being taken more seriously and punishment is more severe. All frauds have one thing in common. They all involve an allegation that the operator knowingly either misrepresented or concealed one or more of the facts in order to induce another to give up something of value.
More than any other offense, a person who is accused of fraud needs ... Read More