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Background Checks

Don’t Let Corporate Fraud Catch You With Your Wires Down

Here is an article in the Rochester Democrat and Chronicle about a Maryland man defrauding three payroll processing companies, including Paychex, Inc., for about $1 million. It appears he stole the money the payroll processing groups advanced him to cover his first payroll period. At least he liked to spread it around.

As a company that performs background checks and corporate research Corra Group sees an increasing amount of financial fraud, wire fraud and assorted corporate hanky panky. The downturn in the economy brings it on, and desperate people do desperate things. Companies in need of new business will snap at new clients without first checking them out. And the bad guys will take advantage of the situation by robbing, stealing and defrauding wherever possible.

It is no fun to realize you just did a raft of new business, only you will not be paid for it. It’s no fun to discover you have just been swindled through wire fraud or some other chicanery that will prove expensive, time consuming and embarrassing to your company.

My best advice, before you engage with any venture that could cost you in these area, look before you leap. Do your corporate research and background checks.

Check them out before it gets expensive.

By Gordon Basichis

Gordon Basichis is the Co-Founder of Corra Group, specializing in pre-employment background checks and corporate research. He has been a marketing and media executive and has worked in the entertainment industry, the financial, health care and technology sectors. He is the author of the best selling Beautiful Bad Girl, The Vicki Morgan Story, a non-fiction novel that helped define exotic sexuality in the late twentieth century. He is the author of the Constant Travellers and has recently completed a new book, The Guys Who Spied for China, dealing with Chinese Espionage in the United States. He has been a journalist for several newspapers and is a screenwriter and producer.