Keadle Lumber Finale; What Can Be Done?

If you believe that procurement fraud could not happen to your business, I can assure you it can. In every fraud case we’ve written about for 12 years somebody in the defrauded organization was thinking the same thing.

Keadle Lumber’s Collusion Problem. Red Flags.

Keadle Lumber lost millions in their timber fraud case. Were there any warnings or red flags that could have alerted Mr. Keadle to cracks in his procurement system? How did long-term employees get away with this fraud?