Tag Archives: fraud

Reminder About Red Flags Rule

Do you collect funds from the public for any reason? This might include park space rental, any kind of service or training, utility bills, or medical billing. If so, then your district is a creditor and must comply with these regulations.

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Are You Your Own Worst Enemy?

If you pay attention to the issue of cyber security and data breaches, you’ll surely hear about a slew of malicious attacks from sophisticated hacking organizations and complex high-tech espionage. Recently, the chair of the U.S. Securities and Exchange Commission, Mary Jo White, even went so far as to say that cyber attacks are the “biggest risk we face” as a nation.

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Embezzlement Costs Special Districts Millions

The U. S. Department of Commerce has released figures indicating that employee theft costs U.S. businesses over $40 billion per year, playing a significant role in 95 percent of business failures and nearly a third of all business bankruptcies. Special districts, like most other governmental and business entities, are always vulnerable to internal threats that can come from employees, including managers and even board members. Yet, many organizations still believe it couldn’t possibly happen to them.

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Trust, But Verify: Protecting Your District from Embezzlement

Recently, two well-publicized cases of employee embezzlement and dishonesty of public workers in Colorado have put the spotlight on special districts. In one instance, an employee was implicated in the embezzlement of over a million dollars, and in another, a former fire chief was charged with the theft of over half a million dollars in Read More

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Tips for Protecting Yourself from Identity Theft

Recently, a friend of mine got a phone call from his bank to alert him that they were freezing his account. The representative described to him a series of suspicious transactions which were indeed purchases he had not authorized. It turned out to be a scam, and if he had fallen for the ruse, he would have given up personal details allowing unscrupulous people to raid his account.

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Number of ‘Phishing’ Attacks Increasing

In November of 2007, the Federal Trade Commission (FTC) reported that approximately 8.3 million U.S. adults were victims of identity theft in 2005. In 10 percent of these cases, thieves got at least $6,000 in goods and services, and in 5 percent of cases at least $13,000.

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Red Flags to Watch for in Workers’ Compensation Claims

There are many warning signs that Workers’ Compensation claims could potentially be fraudulent. We’ve compiled a list of things to look out for to help distinguish between legitimate claims and potentially fraudulent cases.

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