What This Story Is About
- BGPD say Lin Jo Yin was arrested in connection with a fraud investigation after a local resident reported unauthorized charges on a bank account.
Why It Matters
- Investigators say the victim still had possession of the card when the card information was obtained, showing that fraudulent charges can occur without a card being lost or stolen
What Happens Next
- Yin was extradited to the Warren County Regional Jail on Oct. 8. She faces five charges, including fraudulent use of a credit card and unlawful access to a computer.
For Context
- The victim reported the charges to the Bowling Green Police Department on Sept. 17. Indianapolis International Airport Police arrested Yin on Sept. 25 as she was preparing to fly to Taiwan. She was held in the Marion County Jail before being extradited.
BOWLING GREEN, Ky. (WBKO) – The Bowling Green Police Department has arrested a suspect…
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.