Fraud Analysis

Financial fraud is a situation in which financial sources cannot be managed legally and ethically. UITSEC supports you regarding these malicious actions and help you to minimize risks and take the necessary measures. Our company has detected many frauds and protected many organizations against frauds with the support of its highly experienced team. Fraud Analysis covers the actions listed below.

  • Lottery Fraud: Lottery fraud is one fraud types, where the attacker attempts to persuade his victim to pay fee in advance or relatively small sums of money for a service he has never asked for. They persuade the victim that the money has to be paid for the transfer of a huge lottery win.
  • 419 Fraud: This type of fraud also known as Nigerian Letters consists of fax and e-mails promising high profitable business. However, the victim cannot receive the payments back which he has made for future promises.
  • Ponzi Scheme: The money collected under the name of Membership increases day by day thanks to the cooperation between members. Ponzi schemes begin as legitimate businesses, until the business fails to achieve the expected returns.
  • Bribery: It is one of the fraud types commonly observed today. Bribery is considered as illegal and can be punishable by jail time or fines if it is detected.
  • Embezzlement: Embezzlement is the dishonest use of money and property by a person who has gained access to the money or property. It is one of the most common fraud types.
  • White-Collar Fraud: It is the fraud type in which white-collars commit illegal acts such as tax evasion and embezzlement for financial gains.
  • Money laundering: Money laundering is to hide the illegal source of the money. It is to cover financial transactions.
  • Tax Evasion: Tax evasion is using illegal means to avoid paying taxes.
  • Credit Card Fraud: Credit card fraud is a type of identity theft involving unauthorized obtaining of the target’s credit card information for the purpose of taking money from the account or using these information to make purchases.
  • Mortgage Fraud: This fraud type includes various illegal activities such as the misrepresentation or misstatement on mortgage documents.
  • Blackmail: Blackmail is a crime type which involves threatening victims in order to make financial gain unless a demand is met.
  • Securities Fraud: Securities fraud includes a wide range of illegal activities such as the manipulation of financial markets.
  • Telemarketing Fraud: It is the fraudulent selling of products over the telephone. The price of the expected and received product doesn’t match. The purchaser can receive a counterfeit product or the product doesn’t meet the promised product-goods price equilibrium.
  • Insurance Fraud: Insurance fraud is the crime committed with an aim to obtain a fraudulent gain from an insurance process. The money taken from the individual isn’t paid back in an emergency. Insurance companies making many promises to individuals disappear like a shell company in emergencies such as accident and natural disaster.