Businesses in Pennsylvania are being warned that scam artists may be preying on them.
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Centric Bank reports a Q3 net loss, hints at ‘purported fraud’
Harrisburg-based Centric Financial Corp., the parent company of Centric Bank, reported a net loss of $711,000 for the third quarter of 2021, after posting second-quarter net income of $3.6 million.
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Mechanicsburg man gets 2 years probation for bank fraud
A Mechanicsburg man was sentenced to one day in prison and two years of probation after pleading guilty to committing bank fraud at a Harrisburg-based credit union earlier this year.
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CPA taps in-house expertise to fight fraud
Mike Breon spent part of his 20-year accounting career working to investigate questions from workers – their concerns and their tips about fraud – who had reached out through a company hotline.
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Friends without benefits: Experts warn of dangers from alternative payment systems
Digital and person-to-person payment services such as PayPal offer the convenience of clicking a few buttons – instead of cutting physical checks or going through the hassle of a wire transfer - but businesses and individuals alike should beware of the potential for fraud in these kinds of transactions.
Read More »Guest view: Fraud triangle can help reveal financial crime
Forensic accountants have seen a recent increase in the number of employee-fraud allegations. Financial crimes at work are becoming more prevalent, and they affect all businesses, small and large.
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‘This can’t happen’: One year later, workers, exec reflect on Worley & Obetz collapse
It has been a year since energy company Worley & Obetz laid of its employees and closed its doors among whispers of a potential fraud.
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Former consulting-firm owner pleads guilty in $1.49M fraud
The former owner of a Harrisburg consulting firm pleaded guilty this week to defrauding a fund that provides employee benefits for the union representing state university faculty.
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Seminar puts spotlight on fraud at small nonprofits
At least once a week Fred Croop, an accounting professor at Misericordia University, opens up the newspaper and finds some case of fraud occurring at a nonprofit organization.
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