How to Prevent Hotel & Restaurant Kickback Schemes
By Peter Goldmann President, FraudAware Hospitality | October 28, 2008
Kickbacks in Perspective
Collusion between employees and outsiders accounts for a growing proportion of corporate frauds.
According to a recent survey by the Big Four accounting firm, KPMG, nearly one-half of companies reported that collusion between employees and third parties had contributed to a fraud in their company.
Topping the list of collusive schemes reported were kickbacks that involved assisting a third party with winning business, increasing business, or with stealing proprietary information from the company.
The Many Faces of Kickback Schemes
Kickback schemes can be an investigator's nightmare. Often, evidence is hard to find and witnesses are even harder to turn. But with the right combination of investigative resources, virtually any kickback perpetrator can be caught, prosecuted and punished to the fullest extent of the law.