The VM Blog
In our blog, you’ll read about everything from workplace misconduct, report writing, and investigating stale complaints to interviewing non-employee witnesses. We hope these articles help you better understand the investigative law process, where common misunderstandings and hold-ups happen, and best practices we can all employ.
The Need for Outside Investigators in Occupational Fraud: A Case Study on Misuse of the Corporate Uber Account
Recent statistics from the Association of Certified Fraud Examiners’ (ACFE) 2024 Report to the Nations highlight that organizations lose an estimated 5% of revenue annually to fraud. While internal controls and monitoring are essential first steps, engaging independent investigators can be crucial when potential fraud is detected. A recent investigation conducted by our firm helps illustrate why.
The Art of Investigating Occupational Fraud
Occupational fraud remains among the most damaging threats to organizational assets and reputation. According to the Association of Certified Fraud Examiners (ACFE)'s latest Report to the Nations, organizations lose an estimated 5 percent of their annual revenue to fraud, with the median loss exceeding $8.3 million in cases involving senior employees. Investigating these frauds is particularly challenging because the perpetrators are trusted insiders who understand control systems and can influence evidence and witnesses.