Patch reported:
A former accounting contractor is accused of diverting nearly $2 million from a Falls Church software company by disguising payments to her personal bank account as legitimate vendor expenses, according to federal court records.
Prosecutors allege Murray altered legitimate vendor profiles in the company’s accounting software by replacing vendors’ bank information with information for her personal account. She is also accused of creating false vendor profiles, fabricated invoices and fraudulent payment requests.
A former accounting contractor is accused of diverting nearly $2 million from a Falls Church software company by disguising payments to her personal bank account as legitimate vendor expenses, according to federal court records.
Prosecutors allege Murray altered legitimate vendor profiles in the company’s accounting software by replacing vendors’ bank information with information for her personal account. She is also accused of creating false vendor profiles, fabricated invoices and fraudulent payment requests.
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Takeway: Ensure segregation of duties or compensating controls are in place. Add a vendor process audit which is a deterrent to internal fraudsters since their actions may be exposed.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat
Takeway: Ensure segregation of duties or compensating controls are in place. Add a vendor process audit which is a deterrent to internal fraudsters since their actions may be exposed.
Enroll in Training Sessions: Last Thursday of Every Month is Training on Frauds and New Scam Alerts and How to Combat