In the ever-evolving world of investigative agencies, staying ahead of emerging fraud trends is crucial. As we approach the end of the quarter, it’s time to share insights into the common types of investigations we are encountering at our agency. From online scams and hidden assets to corporate crimes, the landscape of fraud is ever-changing.

1. Resurgence of Online Scams

At the beginning of 2022, we witnessed a surge in cryptocurrency-related fraud, particularly involving Bitcoin and other digital currencies. Scammers exploited the hype surrounding these investments, promising hefty returns. However, as 2023 unfolds, we’re observing a resurgence of online scams with new tactics and targets. These scams range from fake investments and Ponzi schemes to more sophisticated social engineering techniques.

Protecting Yourself:

  • Verify Before Investing: Always verify the legitimacy of any investment opportunity, especially those promising quick and unrealistic returns.
  • Check Resources: Utilize resources like our website, Active Intel, for information on identifying scams and steps to take if you suspect fraud.

2. Hidden Assets: A Growing Concern

Hidden assets are becoming a prevalent issue in various legal cases, including divorce, probate, lawsuits, and judgments. In anticipation of potential financial losses, parties involved in litigation often resort to concealing assets. This practice poses challenges for judgment creditors, as assets are strategically moved or hidden to avoid seizure.

Addressing Hidden Assets:

  • Asset Searches: Conduct thorough asset searches to reveal concealed assets, involving meticulous examination of documents and records.
  • Asset Tracing: Uncover the path of assets through detailed investigation, essential in cases of divorce or probate fraud.

3. Probate Fraud: An Insidious Form of Deception

Probate fraud involves manipulating the distribution of assets following the death of an individual. Family members may seek more than their fair share by concealing or transferring assets meant for distribution. This type of fraud is particularly insidious as it occurs within family dynamics.

Combatting Probate Fraud:

  • Vigilance in Distribution: Exercise vigilance during the distribution of assets in probate cases, ensuring fairness and transparency.
  • Thorough Investigation: In cases of suspicion, conduct comprehensive investigations to uncover hidden assets and expose fraudulent activities.

4. Corporate Crimes: Diverse and Pervasive

Corporate crimes are not limited to theft or shoplifting; they often involve internal or external actors exploiting vulnerabilities within a company. Employee or vendor-related crimes and cybercrimes, such as social engineering, pose significant risks to businesses.

Defending Against Corporate Crimes:

  • Educate Employees: Raise awareness about common corporate crimes and train employees to recognize and report suspicious activities.
  • Robust Cybersecurity Measures: Implement strong cybersecurity measures to protect against social engineering and cyber threats.

Stay Informed and Vigilant

Frauds and scams are ever-evolving, requiring constant vigilance and adaptation. Whether you’re an individual investor, navigating legal battles, or managing a business, staying informed and implementing preventive measures is essential. By understanding the current fraud landscape, you empower yourself to make informed decisions and protect your interests.

Remember, prevention is the first line of defense against fraud, and proactive measures can save you from the financial and emotional toll of falling victim to deceptive schemes. Stay informed, stay vigilant, and always verify before you invest or take legal action.