Uncover and Prevent Organizational Fraud
The Law Office of David Feliciano Fraud works with small businesses to prevent, uncover, and respond to organizational fraud. David is a Certified Fraud Examiner and former senior forensic investigator with a “Big 4” professional services firm. David has conducted numerous corporate fraud investigations during his career, and understands how to help your business strategically address and remedy the challenges and risks presented by fraud.
Small businesses can find themselves victims of fraud schemes enacted by employees, contractors, subcontractors, vendors, dealers, or other service providers. Research by the Association of Certified Fraud Examiners (ACFE) has shown the impact of fraud on small businesses can be devastating. The ACFE’s 2018 Global Study on Occupational Fraud and Abuse shows:
The median loss for small businesses who fall victim to fraud is $200,000
Small businesses experience fraud more often than large corporations
Small businesses lose nearly twice as much per scheme
The nature of small business operations requires management to place a high level of trust in its employees, and it is critical for business owners to maintain internal controls, as fraudsters who attack small businesses are most often internal employees trusted to protect its assets and resources.
Examples of common small business fraud include:
Asset Misappropriation
Inventory, Equipment, and Merchandise Fraud
Contract and Procurement Fraud
Check Fraud
Credit Card Fraud
Embezzlement
Financial Statement Fraud
Vendor Billing Fraud
Computer Fraud
Workmen’s Compensation Fraud
Payroll Fraud
Corruption and Bribery
If your small business needs to investigate or remediate an occurrence of fraud, or implement internal controls to protect against fraud, contact The Law Office of David Feliciano at 301-648-0756 or by filling out the form below. Your initial consultation will be provided free of charge so you can explain your situation, learn your options, and see how David can help.
