“With the downturn in the economy, you see an uptick in fraud,” says Ken Springer, president and founder of Corporate Resolutions Inc., a New York-based company that investigates fraud reports.

And that can cost. Participants in a survey by the Association of Certified Fraud Examiners in Austin, Texas, credited 5% losses in annual revenue to fraud, or a median loss of $160,000. When applied to the estimated 2009 gross world product, that’s more than $2.9 trillion.

Click the link below for the complete article!

4 Ways to Avoid Small-Business Fraud