When thinking about investigating fraud, how many times have you heard the phrase “Follow the money”? Although many fraudsters steal money, all fraudsters steal value! If you begin an investigation thinking about cash, you are too myopic in your approach.
Many businesses have significant value in their raw materials and finished goods inventories, but there is so much more. What about customer lists, credit card information, intellectual property (IP), and even scrap or fully depreciated assets? Oh, there is so much for the taking.
Also remember that different countries and cultures can attach greater value to things we take for granted. This can especially come into play in FCPA situations. In many third world countries the necessities of life such as toilet paper, tooth paste, and sunscreen could be an effective bribe.
Come on people, lets get creative out there! The fraudsters certainly are.