Selena Gomez is hitting back against a lawsuit accusing her of fraud in connection with Wondermind Global, her mental health startup.
Mathew S. Rosengart, an attorney representing the “Only Murders in the Building” star, slammed the fraud and breach of contract lawsuit that was recently filed against Gomez and her former business partners in a statement shared with USA Today on Sunday.
PROCUREMENT & EXPENDITURE (STOPPING KICKBACKS)
Procurement fraud usually involves inflated invoices or “fictitious” vendors.
- The Three-Way Match: Never pay an invoice unless you have matched the Purchase Order (PO), the Delivery Note (signed), and the Supplier Invoice.
- Vendor Master File Review: Review your vendor list annually. Look for suppliers with the same bank details or physical addresses as your employees.
- Dual Authorization: Implement a “Two-to-Sign” rule for all EFT payments above a certain threshold (e.g., R5,000).
- No “Cashing” of Checks: If you still use physical checks, strictly prohibit “Cash” as a payee and store blank checks in a dual-lock safe.