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Fraud hits the front line
ALONG WITH an increase in litigation, the economic downturn has brought corporate fraud to the fore, according to Clayton Utz managing partner of litigation and dispute resolution Stuart…
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ALONG WITH an increase in litigation, the economic downturn has brought corporate fraud to the fore, according to Clayton Utz managing partner of litigation and dispute resolution Stuart Clark.
"We're seeing our investigative white collar team dealing with a number of very complicated investigations where the collapse of the economy has exposed other problems."
Clark's observations are supported by the initial results of a recent fraud survey conducted by KPMG's forensic Australia group, to be released next month, which suggest that not only did fraud and theft increase last year, but also that employers are now less willing to "forgive" these types of losses.
