February 2017  


In This Issue

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When you have unanswered questions, We Find Answers®.

 

We are grateful to have the opportunity to provide you valuable information via our free bimonthly e-newsletter and our unparalleled investigative services.

 

We take special care to ensure the information we provide you in "The Leeeyzawn" is the latest and most current information available. In this edition, we have addressed how fraud is still threatening small businesses and how to find help detecting fraud in a business.

We want to write about topics that you can use in your business and are interested in. Please e-mail us your topics of interest to leeeyzawn@arkansas-investigations.com.

We encourage you to share our e-newsletter with others in your sphere of influence.

Sincerely,
Your Team at Arkansas Investigations

Fraud Is Still a Threat in Small Businesses

Fraud is a financial iceberg. Although some of the direct losses are plainly visible, there is a huge mass of danger hidden below the surface. The Association of Certified Fraud Examiners (ACFE) considers fraud a major threat to small businesses: "Small businesses are particularly vulnerable to fraud because they lack the resources to implement complete systems of internal controls and properly segregate accounting duties among their limited staffs. Therefore, accounting personnel may be tasked with completely inappropriate job functions that provide easy opportunities for committing financial frauds. Furthermore, the business cultures of small businesses are developed around a concept of a "trusted family" of employees. Consequently, placing trusted employees in positions without proper internal controls doesn't appear to be an unreasonable decision to managers of a "family" business" (ACFE 2014).

 
Limited resources. People taking on responsibilities beyond their positions. A culture of trust and feeling like family. Or this: Employees with accounting responsibilities who have college degrees and have worked for you for one to five years. Does any of that sound familiar? If so, it's nothing to be ashamed of. It's something to be aware of. You cannot protect your business assets unless you understand the very real threats to them.  

 

According to the ACFE's 2014 Report to the Nations, small businesses (like yours) are the most common victims of fraud, with median losses in 2014 of $154,000. It doesn't... Read More 

Find Help to Detect Fraud

Case Study: Our client received information about possible workplace fraud. We covertly met with the informant at least 8 times in several different locations over a period of several weeks to obtain the details of the fraud and confirm what he/she could testify to. We conducted a variety of surveillances and confidential interviews. We also completed an exhaustive search through records and databases. In the end we obtained more than 97 sworn statements that enabled us to turn a significant amount of information over to the client. As a result our client was able to file lawsuits in federal court for the approximate $4.5 million loss. At the last check, at least 4 co-conspirators were named in the lawsuit.

 

Fortunately for our client (and you) Arkansas Investigations has over 35 years of experience. We receive ongoing training in this area and we are also Certified Fraud Examiners. This title is recognition of specialized experience, and there are only a handful of these experts in Arkansas. In fact, we're the only local licensed private investigative agency with a CFE on staff.  

 

In the course of our business we've met and interviewed dozens of people who have committed fraud. We use that insider information to help other businesses just like yours...Read more

 

About Us
Arkansas Investigations is a premier investigative agency that provides a wide range of investigative services to legal professionals, businesses and individuals anywhere in the state of Arkansas (plus Oklahoma and Louisiana). We are strong advocates for our clients. We conduct quality investigations and provide clear and concise reports of our findings. Our 35-plus years of hands-on experience and training provide our clients with a reliable work product in which they can have confidence. We go above and beyond the call of duty. Our staff includes a Certified Fraud Examiner (CFE), an experienced legal investigator, a Certified Law Enforcement Instructor (CLEI), a paralegal and a Certified Forensic Computer Examiner as well as a Certified Hacking Forensic Examiner. Our motto is "We Find Answers®" - and that's exactly what we do! Learn more...
Contact Us

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425 West Capitol Ave, Suite #220
Little Rock, AR 72201.

Office: 501-372-2202
1-501-605-0360 (24 hours)
info@arkansas-investigations.com
www.arkansas-investigations.com
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