Corporate fraud

Businesses in the modern world have large scope beyond local geographical boundaries where the decision-makers can be the mid-level administrators. Some businesses indulge in many types of general frauds like accounting fraud, where the employee and director of the firm manipulate the books and financial outcomes to conceal losses. 

Other corporate scams are associated with domain name registration, insurance, investments schemes, intellectual property, mortgage, personal management, procurement, pyramid schemes, share sales, travel, etc. 

False invoicing refers to overinflated accounts or bogus bills related to production - goods or services. It can be linked to an imaginary supply chain and a ghost supplier where an external supplier is hired. 

It can be difficult to prove criminal liability where the prosecutor needs to prove the person or employee was responsible for the dishonest act, was in the right mental state and had the” directing mind and will”, the time of committing the crime.   

The firm practising any such illegal method is under no obligation to report it to the police before or after the internal investigation. Some write off losses to hide them, and some may try to recover losses from the employees.

However, if you suspect any such fraud, report it to the government regulatory bodies to avoid losses.