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Employee Fraud – Charitable Organization

Our firm was hired to calculate losses relating to employee theft that occurred within a large international charitable organization.

The procurement manager had set up various fraudulent vendors to which he had awarded large contracts for food delivery and vehicle purchases and had engaged in bid-rigging by awarding various smaller contracts to the highest bidders in exchange for kick-backs.

Our mandate was to calculate the loss to the organization due to fraud. We reviewed all procurement documentation for the transactions identified as potentially fraudulent. These included various RFP’s, internal bid analyses, purchase orders, sales invoices, payment request forms, copies of checks and wire transfer documentation for invoice payment and donor reimbursements.

We utilized our French language capabilities to review and analyze the documentation provided and calculate the value of the assets the organization lost as a result of the fraud.

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