Company Death by Fraud
Companies that have died due to internal fraud Bernie Madoff, Enron Corp, and Theranos. These are just a few of the most highly publicized cases of companies that have fell victim to fraudsters. The lack of oversight and controls in these companies allowed these schemes to continue for years, in many cases there were speculation of “something not smelling right.” But due to the lack of a whilst-blowers hotline and a poor ethical culture in the company it was a prime playground for the fraud that ended up killing the company. Don’t let your companies be the next to be confronted with a reputational disaster, reach out to our compliance consultants for your free consulation on how we can help you protect one of your most valuable assets, your companies reputation.
Fraud Graveyard check out the YouTube video from the ACFE.