Category: business fraud

Former Coles Executive Admits $1.9 Million Fraud

A former Coles executive has admitted stealing $1.9 million (US$1.29 million) from the national supermarket giant, but a judge said his offending was so inexplicable and stupid he must undergo further psychiatric testing. County Court Judge Duncan Allen expressed shock that Aaron Baslangic never tried to cover his tracks, had no grand plans about what…


How to Reduce the Risk of Fraudsters Accessing Your Business and Personal Bank Accounts

By John Kyle In 2021, Americans lost approximately $5.8 billion from identity theft. There were 2.8 million consumer identity theft incidents reported, which means there could have been much more. Of that, $2.3 billion were from imposter scams, and $392 million were from consumer online shopping. For businesses, 47 percent of all businesses had one…