Diploma

Catching fraudsters – legally and ethically

If someone falsely claims a college degree, it tells you a lot about that person’s character. It’s also bad for business when the lie is exposed. That’s why, as part of our due diligence process, we regularly verify all credentials in supplied information and disclosure forms. It’s a simple way to catch a fraudster, and […]

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market due diligence

Are prospects for success really as rosy as they seem?

During the investment process, you’re often presented with a business plan or some solid-looking financial projections. Everything looks good on paper, but you wonder – Are the prospects for success really as rosy as they seem? It’s wise to be skeptical in business transactions, and that’s where market due diligence comes in. Sometimes known as […]

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5 things you need to know for online due diligence

Online due diligence investigations – 5 things you need to know

I recently had the opportunity to speak at the OACFE fraud conference about online due diligence background investigations. It’s always great to meet other fraud professionals and share my strategies and sources. In this presentation, I emphasize that one of the best ways to prevent fraud is to avoid going into business with fraudsters. If […]

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Levels of due diligence background investigations

Due diligence investigations come in all flavors

A previous post described the differences between a due diligence background investigation and a basic background check and why you shouldn’t settle for less than what you need. After that post, a colleague made a great comment in a Twitter conversation that should be addressed. Fellow Certified Fraud Examiner Robert Gardner, pointed out that “…there’s […]

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Due diligence background investigations

Don’t rely on a basic background check

People often confuse a due diligence background investigation with other types of background checks, including employment, tenant, and regulatory checks. Unfortunately, this confusion can lead to a false sense of security. For example, some may feel that, since U.S. securities law requires broker-dealers to “fingerprint certain associated persons working in a non-registered capacity who may […]

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Third-party due diligence

Manage risk with third-party due diligence

On February 6th, The New York Times reported that the Federal Emergency Management Agency (FEMA) fired contractor Tiffany Brown, sole owner and employee of Tribute Contracting LLC. The agency hired Brown’s firm after Hurricane Maria to supply food for hungry residents in Puerto Rico. It appears that, instead of the agreed-upon 18.5 million meals, Brown […]

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Yellow flags in due diligence background investigations

How to spot a scoundrel – Part 2

In due diligence, investigators look for different types of warning signs, often categorized as red flags or yellow flags. I’ve already talked about red flags, issues that turn up in the background check which, on their own, could jeopardize the investment or partnership. In this post, I’ll cover yellow flags – warning signs that individually may […]

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