Brian Foltyn | May 3, 2019
You’ve decided to sell your company. How do you make sure you will receive fair value for the true worth of the business? After all, you have spent years building a brand, a reputation, and success of your business. Now that you’re finally considering your exit strategy, it is vital that you can meet your objectives when the exit is imminent. Read more. Read More
Brian Foltyn | January 31, 2019
Rock band Van Halen’s 1982 world tour performance rider contained a provision (under the Munchies section) demanding a bowl of M&M candies backstage, with all the brown M&Ms removed. The consequence of even a single brown M&M found in the bowl was a forfeit of the entire show at full price – and maybe even a trashed dressing room.
The motivation behind the provision was actually a hidden safety measure. Read more. Read More
Tim Tribe | August 14, 2017
Vendor fraud continues to be a major threat to organizations. In fact, vendor, supplier and procurement fraud is the second most prevalent fraud, according to the 2016-2017 Kroll Global Fraud Annual Report.
Who is the most at risk from vendor fraud? Read more. Read More
Tim Tribe | July 26, 2017
Two principal questions serve to illustrate the financial issues that may confront carriers in handling a first-party claim. First, so-called time element losses such as business interruption, loss of use, and additional living expense claims highlight the importance of understanding the insured’s on-going operations for purposes of evaluating the value of a loss.
Second, a discussion of questionable or even fraudulent claims illustrates how a complete understanding of the insured’s finances can identify red flags and, potentially, proof that the insured has overstated their claim or had a motive to commit arson or stage the theft of goods, services, and materials related to their business. We begin, therefore, with a discussion of those two issues as they arise under common first-party claim situations. Read more. Read More
Tim Tribe | June 28, 2017
Over the years, I have been invited to speak to various groups, and in a variety of venues, on the topic of employee theft—or, as the Association of Certified Fraud Examiners (ACFE) likes to call it, Occupational Fraud. In June, I had the opportunity to speak again on this subject, this time in London, U.K.
For my visit to the United Kingdom, I made use of this international data which shows a significant amount of consistency with results from the U.S., and a few surprises. Read more. Read More