Infidelity Is A Red Flag for Business Fraud

It’s important for you to understand some of the signs that might be seen when someone is engaged in financial fraud.  Financial fraud is commonly seen in the workplace and in infidelity.  There are many signs and symptoms of fraud. None are by themselves are proof or definitive.

Many of those signs are not easily detectable by you as an outsider.  What you’re going to find out is that some of these signs could be discovered through court records or through other publicly available sources of information.

Some of the signs of Fraud, either business or marital infidelity may be revealed via social media accounts, including hidden accounts, news reports, or chatter on the internet.  There are situational pressures that may lead to fraud.  Some pressures include personal financial problems such as high debts, bankruptcy, child support, spousal support or investment losses.

Family relationship struggles particularly those that involve money may be a motivator for fraud instability.  Other motivators for fraud may be emotional trauma, an illness that could lead to time out of the workforce or substantial medical bills, or both.

Addictions such as alcohol addiction, drugs, or more commonly these days, gambling.  A criminal background may point to someone’s likelihood of dishonesty. But it also may create difficulties for that person in obtaining and sustaining employment. Chronic legal problems which can be both expensive and time-consuming could be something that could push a person towards fraud.

Infidelity is a red flag for fraud.  Infidelity involves dishonesty and it requires funds that are concealed from one spouse. Therefore, it’s quite common that workplace fraud may be committed by an employee who is engaged in an extramarital affair.

Some characteristic behaviors that we might see in people who are involved in financial fraud, personal or behavioral red flags that might indicate fraud include a lifestyle that is exceeding the known income.  On the work front, unusually close associations with customers or vendors having a wheeler-dealer type of personality, someone who is always making a deal of some sort often in a dishonest way, and often they’re proud of their dishonesty and their ability to make those deals happen.

Excessive gambling or use of alcohol or drugs perceived inequities or unfairness at work.  What we find is that employees who are unhappy or who feel that things are unfair may be more likely to turn to fraud to even things out.

Someone who is overly protective of their work responsibilities and their documents might be engaged in a fraud scheme. They are unwilling to share their duties. They are unwilling to share information and maybe they’re trying to cover something up.

Someone who has a chronic dissatisfaction with work or their personal life may be more likely to turn to fraud to fulfill some need.  An attitude of resentment toward superiors may be a red flag someone who has an unusual desire for personal gain may be motivated to engage in fraud.  A person with a weak personal code of ethics may be more likely to engage in fraud.

There are a whole lot more examples of people who are prone to fraud.  To know more or to have a free confidential consultation about work or marital fraud call Peak Investigations today!