Usually, it’s already too late before the business discovers that they have been a victim of fraud. It can be loyal employees stealing from the company, or something more serious. If you can relate, and have been a victim of business fraud, click right here to discover how a lawyer can help you with your dilemma. On the other hand, keep on reading if you want to find out what the most common types of business fraud are.
1. Illegal Use of Business Funds
This is popularly known as embezzlement or larceny where the person in-charge of funds have been using it personally and without the company’s approval. This can be a bookkeeper using the business money for personal needs. Usually, this type of business fraud remains a secret, because the business owner would rather not share this to the public as it can lead to embarrassment. Thus, they usually …