Fraud is considered to involve misrepresentation with an intent to deceive. If a company makes specific promises about a product, for example, in order to sell that product, they may be guilty of fraud if they are aware that the product does not work as advertised. Fraud is a very real and costly problem in today’s world, and it causes not only loss of money but also loss of life and serious injuries. A fraud investigation tries to determine whether fraud has taken place and tries to detect evidence of fraud has occurred.
Olympic Tactical & Investigations begin with a meeting between the investigator and the client. The person launching the investigation explains to their assigned investigator why they suspect fraud has taken place and hand over any evidence they have to the investigator. The fraud investigator will use this initial information to find more evidence and more facts. The fraud investigator may use surveillance, asset searches, background checks, employee investigations, business investigations, and other types of methods to get to the bottom of a case.
Just as there are different types of fraud and fraud-related crimes, there are different types of fraud investigations. Insurance fraud investigations, for example, try to uncover those who make false claims to get insurance money. In some cases, these types of investigations also uncover insurance companies who refuse to honor legitimate claims. Workers compensation investigations, on the other hand, uncover employees who try to unrightfully claim compensation for injuries they do not have. They also uncover companies who do not pay legitimately injured or ill employees. Corporate investigations often try to uncover fraud in companies while financial investigations and accounting investigations often try to determine whether any financial fraud has been committed. Identity theft investigations try to determine whether someone’s identity has been stolen and used to perpetrate fraud. General fraud investigations cover all other areas of fraud.
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