Friday Rant: Alibaba — When Forty Thieves Fall in the Forest, Does Anyone Care?
Early this week, Alibaba announced that two of its executives resigned after admitting to participating in the “systemic breakdown” that enabled the company and suppliers to defraud Western buying organizations and individuals. Ac…
Where an Apple Employee Hid Fraud/IP Spoils: Stuffing Cash Into Shoeboxes From Supplier Payouts
Apple, perennially coming in at the top of AMR’s supply chain rankings, must have been alarmed to learn that one of its well-paid employees — global supply managers at high-tech firms should all be into the six figures, especiall…
Friday Rant: Apple & Beyond – Hiring the Right People to Preclude Procurement Fraud
Procurement fraud is a topic that continues to gain increasing attention, albeit in a quiet sort of way. I am hearing about it more and more, from headline grabbing stories such as this one highlighting employee fraud and IP thef…
Stamping Out Procurement Fraud in the UK and Beyond
I remember as a kid, when my father, who ran the printing and copy shop for a major university, told us about the good-will gestures that various vendors made to him. Fortunately, to the best of my knowledge, he turned down all of…
Are You Still Using Your Real Credit Card Online? You Shouldn’t.
So iTunes got hacked and some users saw unauthorized purchases up to $600 in their accounts. I’m shocked. Not at the fact that iTunes got hacked, but that users exposed their credit accounts to such extent. Websites do get hacked, it’s a fact of life. Users need to change their passwords, consider what other sites […]
Procurement Fraud: Kraft, Frito-Lay, Safeway and B&G Employees Plead Guilty To Taking Bribes
A question I’ve been asking of those involved in P2P compliance and controls, quite a bit recently, is whether or not they’ve seen a rise of procurement fraud in recent years. Most respond with the simple party line answer: “no”. But lurking beneath …
UN to Hide Procurement Fraud by Stopping the Search for it
In the private sector, it’s difficult to justify procurement fraud in any way to shareholders (sometimes its enough to land the executives who
knew about it in jail). At the UN, however, procurement fraud is an almost
venerated tradition. After…
