Depending on the type of fraud, victims can file a civil case to recover their losses and possibly get compensation from the perpetrator. In a civil case, the burden of proof is lower than in a criminal fraud trial. Typically, the victim must prove that it’s more likely than not that someone has committed fraud against them.
When it comes to proving fraud, you’ll need to interview all of the suspects to gain a thorough understanding of what has happened. The process can be time-consuming, so it’s important to set a clear timeline and assign tasks to the team members according to their skills. Interviewing should be done as quickly as possible to increase your chances of catching the suspect in the act and securing evidence, but you should also take your time to ensure that you’re not missing anything vital.
One of the most common types of fraud involves impersonation, such as a person posing as a lawyer or bank representative to steal money from a client. Another common form of fraud is identity theft, where the perpetrator uses stolen information to create an account on a website or steals information from a company’s database. Fraud is a big problem for businesses and can affect the reputation of a company and its employees. In his session, “Fraud Case Study: Der Spiegel and Claas Relotius,” at the virtual 2021 ACFE Fraud Conference Europe, Paul Milata, CFE, presented an overview of how the fraud examiners at Der Spiegel uncovered plagiarism in the Relotius report.
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