4 most common financial crimes to protect against
TRANSCRIPT
VERITI CONSULTING LLC
4 Most Common Financial Crimes To Protect Against
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
What You Should Know About the Four Most Common Financial Crimes?
In recent years, technology has risen to
the forefront as a tool for committing
financial crimes. It’s relatively simple to
master, convenient and easily accessible
for anyone with fraudulent intentions.
Even worse for the victim is that
criminal activity may go undetected for
some time and it’s difficult to pinpoint
the perpetrator.
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
ITEM #1Identity Theft:
A person who unlawfully uses your personal data to facilitate financial gains in your name is committing the crime of identity theft. Typically,
someone would utilize your Social Security or tax ID number, credit history or account PIN details to take money or open a line of credit.
The best way to protect against identity theft is to safeguard your financial information and check your credit report periodically
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
ITEM #2Debit/Credit Card Fraud:
This scam is similar to identity theft in that it involves the use of the victim’s personal data to charge purchases to a credit card or remove
money from the account.
To avoid these financial crimes, you should check your credit and debit card activity often for unauthorized purchases. Again, running your
credit report on a regular basis is recommended.
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
ITEM #3Embezzlement:
A person who takes money entrusted to them by another, and then keeps the funds for his or her own use is guilty of embezzlement. The
difference between embezzling money and some of the other financial crimes is that the perpetrator actually received the funds properly. The unlawful activity occurs when it’s spent for purposes
other than those for which it was designated.
Always entrust your personal data and financial matters with someone you trust.
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
ITEM #4Wire Fraud:
A crime that takes place over interstate wires is known as wire fraud and it usually takes the form of telemarketing scams,
phishing or email plots. It’s similar to other forms of fraud, but is distinguished because the transaction involves phone lines
or some electronic communication.
Avoid giving out any personal information over the phone or via email unless you’ve initiated the contact.
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
THANK YOUFOR REVIEWING THIS PRESENTATION
PRESENTATION BY: VERITI CONSULTING LLC8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251
TEL: (877) 520-1280 • EMAIL: [email protected] WWW.TRUTHBEHINDNUMBERS.COM
EXPERT TEAM
TRUTHBEHINDNUMBERS.COMCertified Financial Experts
Liz Monty, CPA/ABV, CFF, CFE, CVA, DABFA
Managing Director
John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA
Managing Director
CONTACT VERITI CONSULTING LLC
CONNECT WITH EXPERIENCED FRAUD, FORENSIC & ECONOMIC DAMAGES EXPERTS
CALL: 877-520-1280EMAIL: [email protected]
PRESENTATION BY: VERITI CONSULTING LLC 8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251
TEL: (877) 520-1280 • EMAIL: [email protected] WWW.TRUTHBEHINDNUMBERS.COM