Sonika wrote a new post, Drive Away The Moving Stress With Professional Movers And Packers, on the site Business blogs 1 month, 1 week ago
Deciding whether to relocate or not is not just vital, but the most stressful decision as well. Sometimes it is also very challenging if you are having a family or relocating your business. It is time consuming, […]
Janny wrote a new post, Ireland rise to a modern economy, on the site Janny the economics student 1 month, 1 week ago
Now it’s time for Ireland:
Ireland is a modest, modern (nowadays), trade-dependent market.
GDP growth averaged 6% in 1995-2007, but economical action has dropped dramatically since 2008 with GDP falling by […]
constantitempurchasingpoweraccounting wrote a new post, Is Bitcoin fatally flawed?, on the site Capital Maintenance in Units of Constant Purchasing Power™ 1 month, 1 week ago
Is Bitcoin fatally flawed?
The fact that bitcoin has a fixed supply limit – 21 million – may mean it may be fatally flawed in its attempt to be money (a monetary item possessing the three attributes of money) […]
Terrence Stoker wrote a new post, Fund my start-up! , on the site Money Think 1 month, 1 week ago
You have the big idea but you don’t have enough money to finance it. What do you do now? For many budding entrepreneurs, the preferred option is to turn to family and friends. These are the people who know you and […]
constantitempurchasingpoweraccounting wrote a new post, Is bitcoin closing in on usurping the sovereign power of creating money?, on the site Capital Maintenance in Units of Constant Purchasing Power™ 1 month, 1 week ago
Is bitcoin closing in on usurping the sovereign power of creating money?
Bitcoin is a very exciting and innovative technology.
Bitcoin has for the first time ever made all of us realize that anyone – not […]
Janny wrote a new post, 3 Winning Strategies to Use for Canada, on the site Janny the economics student 1 month, 2 weeks ago
Lets keep looking at economy of various contries! Now Canada:
Canada’s market created merely 200 net new jobs in July, extensively missing economists’ predictions amid other hints Canada’s economic growth rate […]
Jenny wrote a new post, 10 Reasons to Get You a Credit Report Cleanup, on the site Finance tips 1 month, 2 weeks ago
Does your current personal financial situation make you want to sink into your mattress, pull the covers high above your head and never come out? Well, sometimes it’s hard to know how well you’re doing […]
Jonny Pean wrote a new post, The Double Edged Sword of Forex Leverage, on the site News on various finance topics 1 month, 2 weeks ago
One of the most appealing, but also most dangerous, parts of investing in forex is the option to use margins and leverage. Brokers offer margin based-leverage with ratios of 50:1 and up, with some allowing […]
mary yohanan wrote a new post, Making Money And Attaining Economic Freedom After Reading 24option Reviews, on the site financenews 1 month, 2 weeks ago
Many among us are already well aware of online trading and the benefits we could enjoy by undertaking the same. Any type of online trading does come with its share of advantages as well as disadvantages. Some even […]
constantitempurchasingpoweraccounting wrote a new post, Money can be a monetary or a non-monetary item, on the site Capital Maintenance in Units of Constant Purchasing Power™ 1 month, 2 weeks ago
Money can be a monetary or a non-monetary item
Fiat money can be either a nominal monetary item or a variable real value non-monetary item depending on where it is being used: inside the economy where it was […]
Janny wrote a new post, What’s happening in Europe?, on the site Janny the economics student 1 month, 2 weeks ago
As in a complex movie script, at least two storylines have been in play for the euro zone this year. One is gaily lit, featuring the revival of company assurance and consumer, the yield of investors to the […]
richardo fuse wrote a new post, How to Keep Your Business Recognized?, on the site Richardo's financial view 1 month, 2 weeks ago
If you are an owner of a business that needs to stay recognized, accept our sincere congratulations. This means that your company has become an established member of the business community and now you are […]
joys joy wrote a new post, Jeff Yarbrough Helps Obtaining Maximum Benefits From Real Estate Investment, on the site News 1 month, 2 weeks ago
Many people invest their money in various financial projects in order to get fair returns in future. With such returns, they plan to fulfill their future dreams like child education, purchasing a home or solving […]
Staff Training wrote a new post, How to Beat Procrastination , on the site Staff Training 1 month, 2 weeks ago
The key to beating procrastination, surprise surprise, lies with you.
It’s no big secret that to get over procrastination you need to get up off your butt and get down to work, but what makes it so […]
joys joy wrote a new post, Who are Elder Law Attorneys and What Services do They Offer?, on the site News 1 month, 2 weeks ago
Elder law Attorneys work in the field of laws related to senior citizens and they have an expertise in the appropriate area of law. They have adequate knowledge of the senior population as well as their unique […]
joys joy wrote a new post, Why Is It Necessary to Hire Expert Lawyers to Settle Down Legal Disputes, on the site News 1 month, 2 weeks ago
The problems in human life are many and people are always busy solving them. Most of these problems are related to money, property, and many more things. People often involve in misconduct with their own friends, […]
Janny wrote a new post, Airline pilot salary in South Africa, on the site Janny the economics student 1 month, 2 weeks ago
Just found some interesting statistics on how much an south african airline pilot could get.
If you’re working as an airline pilot in South Africa, you could be having salaries from R151,000 to R1,175,000, […]
joys joy wrote a new post, Role of Insurance Software Solutions in Property and Casualty Industries, on the site News 1 month, 2 weeks ago
The role of Insurance Software Solutions for changing the Insurance market is really remarkable. This type of software is produced by the Internet insurance companies that provide various types of cost-effective […]
Terrence Stoker wrote a new post, Is fraud killing your business, on the site Money Think 1 month, 2 weeks ago
There was probably never a time when there was an equal exchange of services: before money, how much of a baker’s bread could match a difficult wound stitching from a doctor? Who decided? With the invention of money, there was a more objective medium of exchange. But with its invention came new ways to corrupt it.
Theft is the overarching problem since it exists in many different strands: from fraud to corruption, money or funds not being where they’re supposed to be, with who they’re supposed to be is the major problem. And, essential to any business, is controlling those funds since a misuse or misplacement could lead to massive problems for the business: whether in terms of resources for clients or even being able to pick up a pay cheque.
As scammers themselves note, it’s too easy to obtain information. As individuals, it’s easy to be deceived by websites designed to steal information from your various cards. Though some do advice that you rather have credit cards – since it’s easier to replace missing credit than missing actual funds – the overarching point remains care.
It is of course more problematic for businesses: misplaced funds, as we noted, could several impact in several ways. You could be involved in arranging major events, requiring lots of people – misplaced funds means disappointed fans, frustrated attendees, and people not longer investing in your business; you could be involved in fleet management, thus requiring the careful focus on the positions of vehicles and so on.
Fraud for businesses can be so bad it can lead to recessions as we noted with the Lehman Brothers. An American bankruptcy examiner’s report found there were “colorable” claims against Lehman Brothers’ executives as well as its auditor, Ernst & Young, for fraud. However, neither the U.S. Securities and Exchange Commission (SEC) nor the Department of Justice (DOJ) have so far filed charges. To this day, it is the biggest bankruptcy in history and a major spark that led to the worldwide financial crisis, in 2008.
Another famous example, this time costing investors $19 billion, was Cedant. After the merger of CUC International and HFS in 1997 Cedant was created. A large decade long accounting fraud at CUC then became uncovered. At the time it was the largest fraud seen by the SEC. A judge sentenced former chairman Walter Forbes to 12 years and seven months in federal prison and ordered him to pay $3.275 billion in restitution.
All of these are examples of fraud – not to mention Ponzi schemes and Bernie Madoff, for example. All of these, too, are tied to business – particularly businesses focused on managing and improving money.
As an investor you must take care in ascertaining you’re with the right company; that they’ve been fully screened, vetted and processed by the right channels. You’re not doing businesses a favour: you’re paying, you’re an investor, a reason the business can continue.
As a business, you must be aware of the many elements in the world – and even within just the business – who are ready to do what they can to take money your rightfully earned. Being aware of the landscape, knowing what schemes are in place, and so on, can all help you prepare against possible invasion and theft.
richardo fuse wrote a new post, Current Employment-Enhancing Tech Jobs, on the site Richardo's financial view 1 month, 2 weeks ago
Being a high tech expert used to mean that you were supposed to find a job in no time. As the IT sector rose to prominence in the 1980s and saw further development in the 1990s, the 2000s were supposed to […]
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