Many organizations have developed definitions of fraud, depending on the focus of the organization. In general terms, fraud is any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain.
While we recognize that many clients perform fraud investigations for purposes other than bringing criminal charges, our fraud investigation services are designed around determining whether the four major legal elements of fraud exist, namely:
False representation or willful omissions of a material fact
Knowledge that the representation was false
Reliance on the part of the target
In some situations, our services are more focused on the quantification or impact of the fraud and locating the money or property that has been misappropriated, while in others we are focused on the development of processes or procedures to prevent similar frauds in the future.