Crowdfunding: A Huckster’s Dream Come True

Anyone who says “crime doesn’t pay” never discussed their views with a fraud investigator. Crime DOES pay, and profits come from those who don’t perform proper due diligence. Greed and accelerated or unrealistic wealth expectations are present in most non-traditional investment failures. Crowdfunding’s lower due diligence requirements, smaller investment size,  wider qualified investor pool, and still-developing regulatory oversight will translate …

A Correlation Between Fraud and Traffic Tickets?

The New York Times on 7/25/13 published a fascinating article about the correlation between minor offenses and corporate fraud. Read it here: Intersection of Fraud and Traffic Violations – NYTimes The evidence may indicate that boards should routinely run background checks on top officers and on those being considered for such positions. If someone does have a bunch of traffic …

Vcheck Global Protects Hedge Funds with Accredited Investor Reports

SEC Chairman Elisse Walter has voiced concerns over potential increased investment losses by qualified but unsophisticated ‘accredited investors.’ Implementation of the JOBS Act, she said, would greatly increase the potential for fraud against recent retirees, among others. Walter recommends an overhaul of the accredited investor definition, as well as additional oversight and industry regulation. Vcheck Global’s due diligence processes are …

Fireworks!

Yes, it’s a great way to celebrate on the fourth of July. But fireworks in the workplace? Not so good. More than one employer found themselves cleaning up a huge mess left by an employee who should have never been hired in the first place. Bare-bones background checks continue to be an explosive danger to those seeking to save money …

Are you being short-changed by your current background check provider?

The Fair Credit Reporting Act limits the number of years (7 years on average) an investigative consumer reporting agency can include derogatory information such as criminal records, civil lawsuits, liens, and  judgments. Most background checks companies automatically limit their record research to 7 years without considering your specific situation. However, did you know many of your due diligence requests might …