Is Your Business Ripe for Fraud?
(Black Enterprise) — Deliberate fraud costs companies an estimated 5% – 6% of revenues each year. And small businesses are often victims of such unethical behavior—particularly during lean times where employees serve in multiple roles and a smaller staff means less oversight. According to Joseph W. Koletar, a former FBI agent who now serves as a private sector fraud investigator, there are simple steps a small business owner can take to reduce his or her likelihood of falling victim to an employee looking to defraud the company.
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