Financial Crime testimonials
Our client, a five star hotel, became suspicious of their Accounts Payable clerk after noticing that a particular customer account had been settled faster than was thought possible through the normal banking system. Our investigation showed that over a five year period the clerk had organized for some customers to pay their outstanding accounts to the clerk directly, usually in cash. Over the five year period the clerk fraudulently obtained $1.8m and posted thousands of false journal entries to disguise that the $1.8m had not been received by the hotel.
Through a combination of data analysis, email and customer account examination, and interviews of hotel employees, external parties and the clerk, we were able to obtain sufficient evidence for a successful referral to the police. The police investigation confirmed our findings and adopted the suspect interviews and witness statements obtained.
After the clerk pleaded guilty to the theft of the monies, the NSW District Court convicted the clerk to fives years imprisonment with a non parole period of three years. Our client was able to use this conviction and the other evidence obtained to successful lodge a claim with their insurer who paid the client the sum of the fraud loss and the cost of our investigation.
| “Goodman Fielder is Australasia's leading listed food Company. The internal audit partnership between Goodman Fielder and Deloitte leverages and integrates the skills and experience of Deloitte and in-house internal audit professionals. Deloitte's Forensic practice has been integral to the success of this partnership, through the provision of highly skilled professionals, experienced in a range of specialist disciplines, including forensic accounting, fraud investigation and data analytics. This service capability has been of considerable value to Goodman Fielder, assisting the Company in managing the specific risks and issues faced by a large and diversified organisation."
Ralph Kahn, Head of Internal Audit, Goodman Fielder.
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Gavin Ingram, General Counsel, BlueScope Steel Asia.
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Jane Wedgwood, Manager Treasury, Western Power.
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