Category: fraud

Investigating Employee Theft in the Workplace

Employee theft is a growing concern for businesses of all sizes. Whether it’s stealing cash, inventory, time, or sensitive information, theft by trusted staff can have a significant impact on your bottom line, company morale, and overall operations. When suspicions arise, having a clear and effective investigation process is critical.

At ASG Investigations, we specialize in helping business owners uncover and address employee theft quickly, discreetly, and legally. Our experienced investigators provide the facts you need to take the appropriate action.

Types of Employee Theft

Employee theft isn’t always obvious, and it comes in many forms, including:

  • Cash theft or skimming from the register
  • Inventory shrinkage or product “disappearances”
  • Falsifying hours or “buddy punching”
  • Misuse of company credit cards or expense accounts
  • Stealing confidential client lists or trade secrets

Regardless of the type, theft can result in financial losses and damage your company’s reputation and internal trust.

The ASG Investigation Process

When you contact ASG Investigations, we begin by gathering key details from your internal team, such as suspicious patterns, documentation, or surveillance footage. From there, our investigation process may include:

  • Undercover surveillance of suspected employees
  • Interviews and background checks
  • Forensic accounting to detect financial discrepancies
  • Digital investigations of email, internet usage, and company devices
  • Monitoring inventory or supply chains for signs of loss or manipulation

We conduct each investigation with discretion and sensitivity to avoid disrupting operations or alerting suspects. Our findings are compiled into a clear, professional report that can be used internally or in legal proceedings.

Why Choose ASG Investigations?

We understand the serious nature of employee theft and the impact it can have on your business. With years of experience and access to advanced tools, our team delivers results quickly, thoroughly, and legally. Our goal is to give you the evidence you need to protect your business and take appropriate next steps.

Don’t Let Theft Go Unchecked

If you suspect employee theft, don’t wait until it escalates. The sooner you act, the better your chances of stopping the loss and preventing future incidents.

Contact ASG Investigations today for a confidential consultation and let our expert team guide you through the investigation process with precision and professionalism.

6 Tips to Avoiding Identity Theft

Protecting yourself against identity theft is crucial in today’s digital age. Here are six expert tips to safeguard your identity:

  1. Secure Personal Information: Safeguard sensitive information like Social Security numbers, financial records, and passwords. Store physical documents in a secure location and use encryption and strong passwords for digital files.
  2. Monitor Financial Statements: Regularly review bank statements, credit card bills, and credit reports. Report any unauthorized transactions or discrepancies immediately to prevent further fraudulent activities.
  3. Be Cautious Online: Exercise caution when sharing personal information online. Avoid sharing sensitive details on public platforms or responding to unsolicited emails requesting personal data.
  4. Use Secure Networks: Protect your devices with reputable antivirus software and firewalls. Avoid accessing sensitive accounts using public Wi-Fi networks, opting for secure connections when handling personal information.
  5. Shred Documents: Dispose of documents containing personal details, financial statements, or pre-approved credit offers by shredding them. This prevents dumpster diving for sensitive information.
  6. Be Vigilant Against Phishing: Beware of phishing attempts via email, phone, or text. Verify the legitimacy of requests for personal information by contacting the organization directly using official contact information.

Additionally, consider enlisting the services of identity theft protection programs or services offered by reputable companies. These services often provide proactive monitoring, alerts for suspicious activities, and assistance in case of identity theft.

As a private investigator firm, we’ve seen the devastating consequences of identity theft. Prevention is key, and these proactive measures can significantly reduce the risk of falling victim to identity theft. Maintaining awareness and staying vigilant against potential threats are crucial steps in safeguarding your identity and financial well-being.

In case you suspect or confirm identity theft, act promptly. Contact financial institutions, credit bureaus, and relevant authorities to report the incident and take necessary steps to mitigate further damage.

By implementing these strategies and staying informed about evolving tactics used by identity thieves, individuals can fortify their defenses against identity theft, ensuring greater peace of mind in an increasingly interconnected world.

6 Common Insurance Scams

insurance scams, hire a corporate investigator

According to the Coalition Against Insurance Fraud (CAIF), insurance scams cost Americans over $300 billion annually. These scams can take various forms and can be perpetrated by both individuals and organized groups. Here are six common insurance scams to be aware of, personally and professionally. 

Staged Accidents

Staged accidents are pretty self-explanatory and pretty common nowadays. In this type of scam, individuals deliberately cause accidents or stage fake accidents to make fraudulent insurance claims. The planned accidents may involve multiple vehicles or innocent victims who are unaware of the fraudulent intent, so multiple injuries may occur in the process. The fraudsters then submit claims for property damage, injuries, or medical expenses.

Fake or Exaggerated Injuries

Fake claims are serious business considering experienced fraudsters often know how to make them seem real on record or in court. Therefore, some individuals may fabricate or exaggerate injuries following a genuine accident or even fake injuries altogether. They may seek unnecessary medical treatment or provide false medical documentation to support their claims, aiming to receive higher compensation from insurance companies.

Insurance Premium Fraud

This type of scam targets insurance providers directly. Fraudsters may create fictitious insurance companies or agents, offering policies at extremely low rates or promising exaggerated coverage. They collect premiums from unsuspecting customers but provide no coverage which, in turn, results in no insurance protection for their victims. There’s also an extension of this type of fraud called premium diversion. According to the FBI, this is the most common type of insurance fraud since it involves internal embezzling within the insurance companies. In this type of insurance fraud, the insurance agent pockets the premium money they’re paid rather than sending it to the underwriter. 

Arson and Property Damage

Arson and property damage scam involve intentionally setting fire to property or causing deliberate damage to collect insurance money. Perpetrators may target their own personal property and business, but they may also collaborate with others to carry out larger-scale frauds. This type of scam is illegal, but it can also be incredibly dangerous.

Identity Theft and Fraudulent Policies

Identity theft is a common concern, but it can extend to insurance fraud. In this case, criminals may steal another person’s identity and use it to purchase insurance policies. They can then file fraudulent claims for accidents or damages that never occurred. This scam can result in a financial loss not only for the victim whose identity was stolen but also for the insurance company.

Health Insurance Fraud

Health insurance scams involve various schemes to defraud health insurance providers. These can include billing for services not rendered, overbilling, or providing unnecessary medical treatments. Fraudsters may also engage in prescription fraud, where they obtain and sell prescription medications illegally.

The above are just a few examples of insurance scams, and new options emerge over time. But regardless of the scam, it almost always costs companies and their clients extra money in the long run. Insurance companies have measures in place to detect and investigate potential fraud, but it’s often not enough to catch some of the more dedicated criminals. Be sure to contact us when you’re ready to hire a corporate investigator who can do a lot more than wait or prepare for the next attack on your business.