>>Is there anyone here who can give an example of something fraudulent that is hard to catch? Someone in control of the checkbook at a medical facility who sta

>>Is there anyone here who can give an example of something fraudulent that is hard to catch? Someone in control of the checkbook at a medical facility who starts a shell company with some innocuous sounding name (i.e. Smith's Medical Supply) and and regularly submits bills in low enough amounts that they don't raise concerns - which of course is relative to the size of the company - but say you run a practice that has $50M in annual revenues, it would be quite easy to send in bills for supplies that only amount to 1-2K per invoice over a long period of time. This kind of thing happens a lot, and without actually contacting every single vendor, verifying they are real, and verifying every thing that was purchased, can be very difficult to root out - especially with supplies that get used up, as opposed to hard assets they are supposed to be around for a while. When the numbers are small enough, nobody even bothers to verify them - even though over years they can add up to a significant amount of losses. I hear about stories like this all the time - it is pretty common.