Businesses in Pennsylvania are being warned that scam artists may be preying on them. 

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. 

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.

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.

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.

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.

It has been a year since energy company Worley & Obetz laid of its employees and closed its doors among whispers of a potential 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.

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.