Companies work to combat fraud

Incidents increase as financial pressures grow during economic crisis. Desperate times, they say, often call for desperate measures. Unfortunately for many employers, fraud and embezzlement are the measures some employees resort to during tough economic t

“The message to corporate America is simple: Desperate people do desperate things,” ACFE President James D. Ratley said. “In a good economy, most people would never think of committing fraud against their employer. But organizations must be especially vigilant now by ensuring that proper fraud prevention procedures are in place.”

John Barrickman, the president of New Horizons Financial Group, a consulting firm based in Atlanta, said fraud is best illustrated by a concept known as the fraud triangle more.