Fraud takes place when a person deliberately practices deception in order to gain something unlawfully or unfairly. In most states, the act of fraud can be classified as either a civil or a criminal wrongdoing & crime. While fraud is most commonly committed to obtain benefits, it sometimes occurs solely for the purpose of deceiving another person and/or company. For instance, if a person makes false statements, it could be considered fraud, depending on the circumstances.
A fraud investigation determines whether a scam has taken place and gathers evidence to protect the victims involved. Fraud is misrepresentation with the intent to deceive. For example, if a company makes a specific claim about a product and knows that the product won’t work as promised, they are guilty of fraud. Fraud is a very real and costly problem that causes loss of money as well as serious injury and sometimes even death. Fraud investigations begin with a meeting between the investigator and client. The person launching the investigation explains why they suspect deceit and hands over any evidence they have supporting their claims. A good fraud investigator will use this initial information to find more evidence and information. To do this, they may use surveillance,asset searches, background checks, employee investigations, business investigations, and other methods.
Common Types of Fraud
- Corporate fraud can include: Theft of information, compromised customer information, and a damaged reputation.
- Financial Fraud can include: Tax evasion, public corruption, health care fraud, telemarketing fraud, and terrorist financing all fall underFinancial Fraud.
- When it comes to identity theft, private investigators will look for faulty loans or credit card applications, false withdrawals from bank accounts, and using an alternate name to receive benefits.
- Internet fraud occurs when criminals attempt to take advantage of a victim using the internet. This can include theft of personal information or fraudulent transactions that result in the significant loss of money.
Corporate Slip and Fall
- Corporate Slip & Fall fraud involves individuals who purposely fall while inside a store in order to file a claim against the company.
- Transit Fraud occurs when passengers on public transportation like: buses, subways, or streetcars don’t remain seated or hold rails and fall when the vehicle stops or allow their feet to be run over while standing on the street.
- Ticket Fraud happens when a person purchases tickets for an event or concert that aren’t legitimate. Often these tickets have already been used or don’t exist.
Mechanical Repair Fraud
- Often a mechanic will call for fixes that are overpriced or not necessary.
Expense Claim Fraud
- Employees can pocket run-over business expenses. Individuals can claim to stay in hotels costing $300 a night when in reality, they stay in cheap motels and keep the remainder of the money.
Theft of Inventory
- Theft of inventory is a huge problem in companies. Fraud Investigators will look into whether employees steal products or order more than the store needs. At times employees will claim products are expired when they aren’t so they can take the items home.
Do you need a Fraud Investigation?
Are you a victim of a scam, are you in danger of losing a significant amount of money? Our Miami Fraud private investigators can help you gather the evidence you need for court. Our private investigators are qualified, experienced and highly dedicated to you and your company. We will help you receive the compensation you deserve. Call our Miami Private Investigators today.