Fraud Prevention: Business Tips

Let me start off by saying...Cloud Computing (and Dropbox in particular) is great!  As a Baltimore Small Business lawyer we love Dropbox  and use it for file sharing across various platforms, computers, mobile devices and with several contractors we use (and with some family members for photo sharing).  For those of your who might be reading this and scratching your head about what Dropbox is; From the Dropbox website
Dropbox is a free service that lets you bring all your photos, docs, and videos anywhere. This means that any file you save to your Dropbox will automatically save to all your computers, phones and even the Dropbox website.

As a Baltimore small business lawyer, I regularly run into situations where clients (employers) are dealing with problematic situations with employees.  Inevitably my office gets the call to provide advice on how to handle such delicate matters.  It varies from disgruntled employees to office misbehavior...

Maryland Small Business Fraud prevention tips

Bottom line is this, the easiest way to stop fraud, theft, and waste from occurring in a business (of any size) is to prevent it from happening in the first place.  The old saying goes, "an ounce of prevention is worth a pound of cure."  That is definitely true where fraud and theft is concerned.  Don't think as a small business owner that taking preventative steps isn't worth your time, it is.  According to a recent study by ACFE, businesses lose on average 5% of their gross revenue to fraud, theft, and waste.   In tough economic times, that is enough margin to drive many small businesses out of business. With all that being said, this will be a series of reoccurring blog posts on some simple and quick tips you, as a small business owner, can do to prevent fraud in the first place.Maryland small business fraud and theft, maryland lawyer

Maryland Small Business Fraud Prevention tips: Step one, conduct a better job interview

Many people, including HR managers, think that job interviews are a "get to know you process."  Or that job interviews are a good way to see if the person "fits" with your company culture.  Those things might be true, but it's also an opportunity to prevent the hiring of a future fraudster into your business.  Consider adding a few psychological (or behavior based) interview questions to your interview.  Click on the link for several examples but below are a few very short and simple ones:

Maryland Small Business Fraud Prevention Tips: Fixing problems

[caption id="attachment_2337" align="alignleft" width="250" caption="He fixes problems, similar to ENlawyers"]maryland lawyer, maryland small business, theft, fraud[/caption] At the Law Offices of Eldridge and Nachtman, LLC, we pride ourselves in helping our clients.  While we might have a bit of fun here and there, providing an excellent level of service to our clients is and always will be #1.  During the course of helping several of our business clients, questions have occasionally come up about what exactly our capabilities are to prevent theft and fraud for Maryland Small Business owners.  So, in this post, I decided that it would be helpful to answer those questions while examining the concepts of fraud and theft prevention through the eyes of TV shows and Movies.

Theft and Fraud: How WE Prevent It

[caption id="" align="alignright" width="315" caption="Rogueware can infect your computer, BE VIGILANT"][/caption] Maryland Lawyer: Fraud Prevention Tips Series- how Anti-Virus Software can really be Malware This Maryland Lawyer understands the need for computer security. Nowadays, every time you turn on the television or check your e-mail there is...

[caption id="" align="alignright" width="235" caption="Even Blade I, II and III can't escape Tax Fraud"][/caption] This Maryland Lawyer wants to inform you that the IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the IRS. Your Maryland lawyer knows that many of these scams fraudulently use the IRS name or logo as a lure to make the communication more authentic and enticing. The goal of these scams – known as phishing – is to trick you into revealing personal and financial information. The scammers can then use that information – like your Social Security number, bank account or credit card numbers – to commit identity theft or steal your money. Some thieves are just people with a criminal record attempting to use your clean identity to obtain employment. This may sound minor, but they are not going to pay the taxes they owe, which then leaves you with the IRS tax lien. We all know what happens when you don't pay your taxes...

[caption id="attachment_1976" align="alignright" width="250" caption="I lock my files up every day, so my desk stays clean and my client files secure. (yes that's my personal speed cam ticket)"]Maryland lawyer's desk[/caption]

Maryland Small Business Fraud Prevention Tips: Bills, Invoices, & Bank Records  (aka Shred and lock your stuff)

This is probably going to be the shortest and easiest tip post you will be able to find on ENlawyers.com.  Why?  Because there are only two simple tips I can advise you to prevent fraud and theft from your Maryland Small Business in the area of paperwork and documents.

All businesses, large or small, will someday be subjected to an employee theft or fraud, whether it is office supplies, time sheet fraud, cash, stock manipulation, skimming, data loss, or something else.  The list is endless.  There are, however, some common ground rules to follow immediately after an employee theft.  Below is your Maryland Attorney's list of steps to take when you suspect an employee theft:

Censorship is a dirty word, for good reason.  This country was founded on principles of expressing one's opinion, wherever and however the speaker sees fit.  Our founding fathers spilled their blood defending the ability to criticize the government.  It’s an idea that has been refreshed [caption id="attachment_1363" align="alignleft" width="150" caption="Big Brother is truly watching"]Maryland Attorney's warning[/caption] time and time again with the blood of patriots from the Civil War to World War II to the Cold War and now the War on Terror.

Too much free speech?

Can there be too much free speech?  Obviously the answer is no, but there should be self-censorship if you want to lead a normal life.  With the advent of Blogs, Facebook, Twitter, LinkedIn, Google+, and other social media, a wide audience is available for everyone to promote their latest ideas for little or no cost.  ENlawyers is  a fan of social media tools, since each of those links lands you on one of our own pages.
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