You read it here first

Source: Jaqian

“I can almost guarantee that within the next 60 to 90 days, I will read about a similar case involving a bookkeeper, fraudulent wires, and a stolen credit card. “ – Paul McCormack (You can find the original post here)

And here it is! Well almost…

The credit card was not stolen, and the fraud involved an office manager, not a bookkeeper. But close enough!

USDOJ press release:

“Baker admitted that between June 2003 and June 2009, she embezzled from her former employer, referred to in court documents as the “Law Firm,” by wrongfully writing checks from the law firm’s accounts and diverting them to accounts she controlled and to pay off personal credit cards. Among other things, she opened a bank account in the name of a fictitious company called “Corporate Solutions” in order to conceal the flow of money. Baker’s actions caused wire transfers of large sums of money between and among various banks in the Federal Reserve System.”

The “points to ponder” from my previous post still stand.

Call me Carnac the Magnificent or Paul the Experienced Fraud Investigator (I respond to both), but I can see into the future. I predict that in the next 60 to 90 days, there will be another fraud involving wires, credit cards, and a bookkeeper or office manager.

Who wants to bet against me?

Need a writer that understands fraud? When you hire me to write an article, blog post, newsletter, or white paper, you get an accomplished writer that is also an expert in fraud.


About Paul McCormack
I have over 20 years of experience in corporate fraud and intellectual theft prevention, detection and investigation. Unlike many fraud experts, I have both industry and professional services experience. To date, I have conducted over 800 interrogations of fraud suspects including numerous senior corporate executives. As a freelance writer, I have written over 1,000 articles on a broad range of topics. My areas of expertise include: • Asset Misappropriation • Big Data • Bribery, Corruption, and Collusion • Check, Wire, ACH, and Credit Card Fraud • Consumer Fraud • Corporate Security • Cybersecurity • Data privacy (Europe, Brazil, Russia, India, and China) • Drug Trafficking • Embezzlement • Employee Fraud • Executive Protection • Fintech • Financial Statement Fraud • FCPA • Healthcare fraud • Identity Theft • Intellectual Property Theft • Internal Audit • Interrogation Tactics • Loss Prevention • Mobile Fraud • Money Laundering • Operational Excellence • Organized Crime • Payments Fraud • PCI Compliance • Retail Fraud • Risk Management • Terrorism and Counterterrorism • UK Bribery Act • Workplace Violence

3 Responses to You read it here first

  1. Pingback: Don’t let the door hit you on the… « Fraud Happens

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