Objective Experts, Inc.

This image is from the Association of of Certified Fraud Examiners.
Where are the risks in your company? How do you figure out what they are and how to address them?
Do you know?
Does anyone?
You can bet the fraudster will figure it out.
Shouldn't you?

Let us know if you want help with that!
We can also tell you how to fix it!

By its nature, corrruption is greatest in markets with the most regulated controls.

I have always found it odd, and hypocritical, that under the FCPA (“Foreign Corrupt Practices Act”) it is perfectly acceptable to make payments to a government official, when seeking their approval to do business, so long as it is just a ‘facilitating payment’.

A facilitating payment is one that encourages the official to do their job more quickly, but is not for the purpose of convincing them to act in your favor. Pretty big loophole.

Here, in this story, in the US, a facilitating payment is still a bribe.

Interestingly enough, the government gets a pass on bribery. They can, by self-claimed authority, demand you pay them for permission to do just about anything. They simply call it licensing.

If people were really concerned with corruption, they would reduce the authority government officials have to demand favors and payments from businesses/people. Without the power to take from some and give to others, there would be no need to seek favors and preferential treatment from government.

are better, and more fair, and less corrupt, than .

https://liveboston617.org/2022/06/25/somerville-attorney-arrested-for-bribing-to-expedite-marijuana-dispensary-approval/?fbclid=IwAR1sHWpKZsOlPKcF2sObVp2Z2yIwXWObYayvIT4aSZZ8IAF-Kc2oVttQbzg

Somerville Attorney Arrested for Bribing to Expedite Ma*****na Dispensary Approval On June 24, 2022, the FBI arrested Sean O’Donovan of Somerville MA on account of wire fraud and bribery upon discovery of bribing a local police chief to sweeten the deal of approving a new recreat…

Fraud is not limited to certain social circles, educational levels, nor wealth brackets. It can happen by anyone, to anyone, and in many different way for many different reasons.

There are steps that can be take to prevent it, in any given set of circumstances. You just need to have help identifying where your risks are and put controls in place to reduce or eliminate them.

https://www.salemnews.com/news/donovan-sentenced-to-prison-in-forgery-scheme/article_878c286a-d536-11ec-9cc0-bf9765c2fb91.html?fbclid=IwAR3tiBFPj5fHedOcRMMrK1Qqw_F_b5cAujY62DIiV2IRJZN2HiAdHPS4CEs

Donovan sentenced to prison in forgery scheme SALEM — He was once an MIT professor, and, his lawyer said, an adviser to presidents.