A couple enters Cornerstone Gardens in the town of Sonoma, which has languished under the ownership of criminally-charged real estate investor Kenneth Mattson.
For nearly a decade, two aggressive real estate investors stirred excitement and suspicion as they amassed an impressive Wine Country real estate portfolio worth nearly $150 million. But then, two years ago, their buying frenzy ground to a halt when one man accused the other in a…
This category refers to crimes committed by employees or insiders against their own organizations. It is often the most damaging because the perpetrator has authorized access to systems.
- Asset Misappropriation: The most common form, involving the theft of company resources. This ranges from simple “skimming” (taking cash before it’s recorded) to complex schemes involving the theft of inventory or intellectual property.
- Payroll Fraud: Employees may create “ghost employees” on the system, falsify their own timesheets to claim unworked overtime, or divert salary payments to their own accounts.
- Financial Statement Fraud: Management deliberately misrepresents the company’s financial health by inflating revenue or hiding liabilities to attract investors or meet performance bonuses.