In and out of the timber industry, COVID-19 has increased trucking fraud opportunities. In this article, we review case studies of fraud in the general trucking and timber so we may be alert to prevent it.
Help, my trees have fallen, and I can’t get paid! Sad but true tale of how a landowner was defrauded by a logger. What can be done to prevent this type of trickery? How do you protect your assets? Learn how in our post.
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 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?