When news happens, text LT and your photos and videos to 80360. Or contact us by email or phone.
Insider fraud turning into big business in East Lancashire
2:03pm Tuesday 14th August 2012 in Business
LANCASHIRE businesses have been warned to be vigilant after an increase in cases of employee fraud.
Fraud levels increased 52 per cent during the first half of 2012 with 289 cases reported between January and June compared to 190 in the first part of 2011.
Jeremy Rowe, director at Pierce Forensic, part of the Blackburn-based Pierce Group, has advised on a number of recent cases involving theft of takings, cash or stock by employees.
He said: “It is no surprise that employee fraud is on the rise at a time when many employees are struggling financially or in difficult personal situations.
“Fraud is often committed by ordinary, unassuming employees, and it is often frighteningly simple with little effort to cover up the stolen or diverted funds.
“It often succeeds because there are a lack of simple fraud prevention measures.
“Business owners need to be alert to the possible dangers and keep an eye on the day-to-day operations of the business, periodically reviewing financial records for anything unusual.”
Comments are closed on this article.