4 Most Common Financial Crimes To Protect Against

VERITI CONSULTING LLC

4 Most Common Financial Crimes To Protect Against

TRUTHBEHINDNUMBERS.COMCertified Financial Experts

What You Should Know About the Four Most Common Financial Crimes?

In recent years, technology has risen to

the forefront as a tool for committing

financial crimes. It’s relatively simple to

master, convenient and easily accessible

for anyone with fraudulent intentions.

Even worse for the victim is that

criminal activity may go undetected for

some time and it’s difficult to pinpoint

the perpetrator.


ITEM #1Identity Theft:

A person who unlawfully uses your personal data to facilitate financial gains in your name is committing the crime of identity theft. Typically,

someone would utilize your Social Security or tax ID number, credit history or account PIN details to take money or open a line of credit.

The best way to protect against identity theft is to safeguard your financial information and check your credit report periodically


ITEM #2Debit/Credit Card Fraud:

This scam is similar to identity theft in that it involves the use of the victim’s personal data to charge purchases to a credit card or remove

money from the account.

To avoid these financial crimes, you should check your credit and debit card activity often for unauthorized purchases. Again, running your

credit report on a regular basis is recommended.


ITEM #3Embezzlement:

A person who takes money entrusted to them by another, and then keeps the funds for his or her own use is guilty of embezzlement. The

difference between embezzling money and some of the other financial crimes is that the perpetrator actually received the funds properly. The unlawful activity occurs when it’s spent for purposes

other than those for which it was designated.

Always entrust your personal data and financial matters with someone you trust.


ITEM #4Wire Fraud:

A crime that takes place over interstate wires is known as wire fraud and it usually takes the form of telemarketing scams,

phishing or email plots. It’s similar to other forms of fraud, but is distinguished because the transaction involves phone lines

or some electronic communication.

Avoid giving out any personal information over the phone or via email unless you’ve initiated the contact.


THANK YOUFOR REVIEWING THIS PRESENTATION

PRESENTATION BY: VERITI CONSULTING LLC8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251

TEL: (877) 520-1280 • EMAIL: [email protected] WWW.TRUTHBEHINDNUMBERS.COM

EXPERT TEAM


Liz Monty, CPA/ABV, CFF, CFE, CVA, DABFA

Managing Director

John White, MBA, CPA/ABV, CFF, CFE, CBA, CrFA, ASA

Managing Director

CONTACT VERITI CONSULTING LLC

CONNECT WITH EXPERIENCED FRAUD, FORENSIC & ECONOMIC DAMAGES EXPERTS

CALL: 877-520-1280EMAIL: [email protected]

PRESENTATION BY: VERITI CONSULTING LLC 8111 E. THOMAS RD. #120 SCOTTSDALE, ARIZONA 85251

TEL: (877) 520-1280 • EMAIL: [email protected] WWW.TRUTHBEHINDNUMBERS.COM

4 Most Common Financial Crimes To Protect Against

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