Moss Adams Business Consultants: Fraud and Embezzlement

Fraud Investigation and Forensic Accounting – The material appearing in this presentation is for informational purposes only and is not legal or accounting advice. Communication of this information is not intended to                create, and receipt does not constitute, a legal relationship, including, but not limited to, an accountant‐client relationship. Although these materials may have been prepared by professionals, they should not be used as a substitute for professional services. If legal, accounting, or other professional advice is required, the services of a professional should be sought

AGENDA

I. Fraud Impact

II. Fraud Definitions

III. 2014 ACFE Report

IV. Fraud Prevention Techniques

WHY ARE WE TALKING ABOUT THIS?

Because fraud happens more than you know!

SOME NOT SO NOTORIOUS…

Women sentenced in Mattawa day care case YAKIMA, Wash. -- A federal judge today sentenced five Mattawa women involved in what began as a day care fraud case to three years of probation...

Bank fraud plea sends woman to prison A Yakima woman will serve more than three years in prison after pleading guilty in a bank fraud-case that involved more than $500,000 taken from a Yakima Valley fruit company. Christi Lee Erickson was sentenced Tuesday in U.S. District Court in Yakima to...

Dead man found off I-82 was wanted for fraud SELAH, Wash. -- The man who died when his vehicle plunged over a cliff north of Selah was set to be sentenced Thursday in Hawaii for a large fraud scheme, authorities confirmed…

Yakima man gets five years for embezzling $2 million A Yakima man accused of embezzling more than $2 million from local orchard companies faces sentencing next week for three counts of federal bank fraud. David Lenihan, 55, was already sentenced Friday on related state charges. He pleaded guilty in Yakima...

Embezzler ordered to pay restitution A federal judge in Yakima has ordered an embezzler to pay $412,000 in restitution to a local orchard company he defrauded. U.S. District Judge Fred Van Sickle on Thursday also ordered David Lenihan to serve 21 months in prison…

Sunnyside police clerk sought on theft warrant SUNNYSIDE, Wash. -- Police here have accused one of their own clerks of embezzling more than $11,000. Virginia Perez, 21, has been charged with five counts of felony theft in Yakima County Superior Court and a warrant has …

WHAT IS THE COST OF FRAUD?  (Continue here..)