Thursday, December 8, 2011

fraud that doesn't make the front page

     When someone steals millions of dollars, it makes headlines all over the country. I think most fraud, if you add it up, is done by hundreds of thousands of people who regularly steal hundreds or thousands of dollars. Take something as simple as employee paychecks, for example. Tens of millions of paychecks, every week of the year, every year. What if some of those paychecks are actually in the name of "dummy" or "ghost" employees? Employees who don't really exist. This could be done using the identity of anyone who doesn't actually work for the corporation involved in the fraud. Perhaps people are being paid every week without ever having been employed by the firm signing the paycheck.

No comments:

Post a Comment