Corporate Fraud and What Private Investigation Companies

CAN DO

Corporate fraud is an issue that is becoming more frequent in society today. The rise and growth of the corporate age in the modern era, naturally, has led to a rise in the occurrence of corporate fraud. First of all, we need to understand what corporate fraud is exactly. Corporate fraud refers to the actions or activities undertaken by an individual or company that are dishonest and in many cases illegal. Such actions are usually taken to give the corporation an advantage and can be seen as the involved parties looking for a short cut.

There are many forms that corporate fraud can take including personal purchases, ghost employees, skimming, tax avoidance and asset theft to mention but a few. The majority of corporate fraud cases deal with the management of the organizations fund, ways to minimize cost, ways to maximize profit and so on at the expense of the moral and legal high ground.

Now that we have understood corporate fraud and what it entails to a certain extent, let us discuss how private investigation firms can help curb this problem. We need to understand that there are government bodies in charge of ensuring that the affairs of all corporations acting within their borders are above board. Needless to say, it is understandable how this form of supervision may not be sustainable and entirely effective. First of all, hundreds if not thousands of corporations may operate within a country’s borders, the supervision of these corporations can be an extremely difficult task, especially if the body in charge of said supervision is understaffed. Also, we need to take corruption as a factor into account, it could cost a corporation less to bribe the right official or grease the right palm when compared to the amount they might have to pay as tax in the long run.

As such, it is understandable why private investigation firms are the next logical solution. There can be numerous private firms running within a country’s borders, so there is no shortage of hands. Also, the interests of private firms are majorly neutral, taking bribery off the table. As to what these

private investigation firms can do to curb corporate fraud, they need to be extremely thorough when vetting the financial and legal position of the companies they are hired to investigate, no stone must be left unturned. Also, by keeping current on the various forms of corporate fraud, these private firms will know how best to direct their efforts. In the scenario of the integrity of these private investigation companies being called into question, especially in the case of fresh start ups, this is unavoidable, but as time goes by and as the use of private investigation firms become more frequent, this particular problem will decrease. On the company level, the importance of the job must be drilled into the heads of a private investigation firm’s investigative operators. Once a firm’s investigators develop a moral code, they will not be swayed easily, and the issue of corporate fraud may finally be tackled effectively.

Chris Cavallo has been involved in every facet of the Security and Investigations Industry for over 40 years. He started his career with the two largest Security and Investigation Companies in the world at the time, Wells Fargo Guards Services and Pinkerton’s Investigative Services. After spending 2 years as a Management Trainee with 11 months in the field as an Undercover Operative he quickly raised rose through the ranks and became one of the most highly recognized Security Consultants for his first 10 years. He is considered a subject matter expert in various Security/Investigative practices such as Security Guard Services, Surveillance and Background Investigations. He ended his career with a Fortune 50 Company Borg Warner Protective Services aka Burns International as the VP of the SE Region. He then co-founded a company, RSI Investigations (Records Search Inc.), which was one of the pioneers and leaders in the Background Screening industry in the late 80’s. After this experience Chris founded Cavallo Associates working with Security, Defense and Investigation Companies and helping them develop their Business Plans and training their personnel while opening new markets in such places as Rome, Italy, several Central America countries including Bogota, Colombia. Today Chris is a Florida Licensed Private Investigator, Security Consultant and continues to dedicate himself in both the Security and Investigations Industry. Presently he is mentoring, developing and sponsoring several PI Interns and overseeing the CSI Security Business as well. Both business units operate under the brand name CSI Secure Solutions headquartered in Davie, Florida with an office in Bogota, Colombia. Chris and his wife Caryn Rae Robin a local singer and popular voice coach live in Davie, Florida. Chris also is the father of twin daughters Stefanie & Cristina and a very proud grandparent of Christopher 15, Stefan 13, Legend 10, Roman 7 and Mia Robin 7.

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