While many of the headline-grabbing fraud stories come from the financial services sector, fraud in the manufacturing sector is more common than many would think. Andrew Durant, senior managing director at FTI Consulting uncovers the sector’s underhand dealings.
A study published by the Fraud Advisory Panel in 2010, found that overall, large enterprises lost £5.4 billion to fraud. The consumer goods and manufacturing industries suffered the greatest losses (£1.3 billion and £1 billion respectively). This is borne out by my personal experience of investigation fraud over the past 20 years. One of the…
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