Fraud & Theft

Fraud & Theft investigations can take many forms, from simple property loss cases to international conspiracy and espionage cases. All forms of fraud and theft are the most common criminal activity and are subject to more investigations than any other criminal law charge. Private Investigators can be actively involved in many aspects of a these types of cases, including finding the perpetrators, finding stolen property, and finding the names of people who have been wrongfully and falsely charged with fraud and theft. They are very necessary to those who need a second, outside opinion with no strings attached.

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Business Fraud

Business fraud consists of dishonest and unlawful conduct committed by an individual or company to achieve profitable financial results for the individual or company. Also known as corporate fraud, these schemes often appear under the guise of legitimate business practices. Many crimes fall into the category of business fraud, including:

  • Charitable Scam: Using deception to obtain money from legitimate charities, especially those who believe they are making donations to charities representing victims of natural disasters immediately following an accident.

  • Online Auction Scams: Fraudulent transactions or exchanges that occur on online auction sites.

  • Non-receipt of goods, etc.: Fraud that occurs when the goods or services ordered are not received after payment.

  • Non-Payment of Funds: Fraud that occurs when goods and services are delivered or provided but payment is not received.

  • Overpayment Method: Instructs individuals to receive payments far in excess of what they owe, deposit money into their own bank accounts, and transfer the surplus funds back to the sender's or company's bank. The sender's bank is usually located abroad, such as in Eastern Europe, and the initial payment after bank transfer is often found to be fraudulent.

  • Reshipment scheme: You hire someone to receive the goods at your residence and then repackage them, usually for shipment abroad. Unbeknownst to them, they made purchases using fake credit cards that were made under their name.

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Financial Fraud

Financial fraud occurs when someone deprives you of money, capital, or harms your financial health through deception, manipulation, or other illegal activities. This can be done through a variety of methods, including identity theft and investment fraud. For any type of financial fraud, it is important to report the crime to the appropriate authorities and law enforcement agencies as soon as possible. Fraudulent payments must also be challenged or canceled as soon as they are discovered. Victims are also required to collect all documents related to the crime (bank statements, credit reports, and tax forms for this and previous years) and continue to provide important information throughout the reporting process.

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Insurance Fraud

Insurance fraud is the deliberate deception of an insurance company or agent, in order to obtain financial gain. Fraud can be committed at various stages of a transaction by an applicant, policyholder, third party applicant, or a professional providing services to the applicant. Insurance agents and company employees can also commit insurance fraud. Common types of fraud include "filling in" or exaggerating requirements, misrepresentation of facts in insurance claims; filing a claim for non-existent injury or damage, and a staged accident.

Perpetrators of insurance fraud include:

  • Organized criminals who steal large amounts of money through fraudulent commercial transactions.

  • Professionals and technicians who inflate the cost of services or charge for services not provided.

  • People who want to cover up a franchise or file a lawsuit and see it as an opportunity to make money.

 

Some types of insurance are more susceptible to fraud than others. Health care, workers' compensation and auto insurance are generally considered the sectors most affected.

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