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Substitution Schemes: Fraudsters Want More Than Just Cash

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting and marital dissolution services in Philadelphia and the Delaware Valley. While most fraudsters misappropriate corporate or organizational cash as it is easier to take, more and more institutions are finding their… Read more »

Without Oversight, Petty Cash Fraud Losses Can Grow Rapidly

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. While a company’s petty cash account is designed to quickly and easily provide reimbursement for such small expenditures… Read more »

Tales of Municipal Fraud – Part Two

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley.  Last week, in the first of this two-blog series on municipal fraud, Certified Fraud Examiner David Anderson presented… Read more »

Tales of Municipal Fraud – Part One

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. . . . In this, the first of a two-blog series on municipal fraud, Certified Fraud Examiner David… Read more »

Don’t Underestimate the Importance of Contingency Planning

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, fraud deterrence, litigation support and expert witness testimony services in Philadelphia and the Delaware Valley. Many businesses have no disaster or contingency plans in place.  Others have only disaster plans to address such… Read more »

Fake Vendors Can Steal Real Money from Your Business

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting and marital dissolution services in Philadelphia and the Delaware Valley. A relatively successful and difficult to uncover scheme used by deceptive employees to steal money on the job is creating phony… Read more »

An Unprofitable Business Still Can Have Value

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. Uncovering value in an unprofitable business might seem to make as much sense as wringing water out of a rock, but… Read more »

Technology Startup Fraud – Part Two

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. In last week’s blog, I discussed the threat of technology startup fraud and how it occurs.  Additionally, I introduced Theranos and… Read more »

Technology Startup Fraud – Part 1

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. Venture capitalists and other investors always are on the lookout for the next hot technology startup, hoping for huge profits from… Read more »

Adjusting Executive Compensation in Business Valuations

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. Establishing the fair value of a business requires a business valuation expert to adjust the revenues and expenses of the business… Read more »

Update on Fraud Risks of Cryptocurrencies

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. In his October 23, 2017 blog, forensic accounting expert David Anderson of David Anderson & Associates, Certified Fraud Examiner in Philadelphia,… Read more »

Fighting Elder Fraud – Part Two

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley.  In last week’s blog, forensic accounting expert David Anderson of David Anderson & Associates, Certified Fraud Examiner in Philadelphia, discussed the… Read more »

Fighting Elder Fraud – Part One

David Anderson is principal of David Anderson & Associates, a Philadelphia forensic accounting firm that provides a full range of fraud investigation, forensic accounting, and marital dissolution services in Philadelphia and the Delaware Valley. Fraud against Senior Citizens (also known as Elder Fraud) has been increasing in recent years.  Last year, the United States Senate… Read more »