Brett Wilgar

Fraud leaves victims feeling angry and betrayed

A really good article on the impact of fraud in the Taranaki region. Not for Profits (NFP) appear to be exposed to Employee Fraud more than they should, which seems worse given that these organisations are set up to do good in the community. The impact on NFP is different to a commercial organisation.  The trust lost when the funds you receive are from public donations, but then diverted to fraudsters, impacts the ability of the Not for Profit to…

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Woman jailed for stealing $305K from employers

Watchful Eye was formed to help small to medium businesses who are disproportionately more often victims of Employee Fraud, and where it is more likely that this fraud threatens their existence. When we were a victim of Employee Fraud, gambling was claimed to be the motivation for the fraud.  Gambling appears to be a common reason or excuse for fraud and can make it very hard to trace what actually happens to cash once it has been stolen from the…

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Ex-Mediaworks employee jailed 3 years for fraud

Using invoices from real and false companies is a common way of being defrauded.  This is why we recommend that you only use the full legal names of your Suppliers and validate them using the Government run company databases – the ‘Companies Office’ in New Zealand and ‘ASIC’ in Australia. http://www.newshub.co.nz/business/ex-mediaworks-employee-jailed-3-years-for-fraud-2016101712 Monday 17 Oct 2016 12:57 p.m. An ex-Mediaworks employee has been sentenced to three years in prison after stealing nearly half-a-million dollars from the company. Rebecca Boyce invoiced the…

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Lynfield College accounts manager admits embezzling more than $400k

Often with small to medium businesses the size of the organisation does not allow for the separation of duties, and, as a staff member’s length of service extends, the trust builds – as is the case in this article. Trust, however, is not an internal control. Watchful Eye Software gives business owners\managers confidence in the trust placed on staff and gives staff trust in the integrity of the accounting system and business. http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11701907 3:04 PM Tuesday Aug 30, 2016 Lynfield…

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Former engineer sentenced to jail for $2m fraud

Watchful Eye has a useful feature that searches the companies office for your Employee’s addresses to look for Suppliers, Directors & Shareholders who have a similar address.  This would have identified the offending in this case. http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11644370 11:28 AM Wednesday May 25, 2016 Paul Rose, 44, has been convicted on nine charges of obtaining by deception while his former partner Jane Rose was convicted on eight of the same charges. Photo / Michael Craig A former Mighty River Power engineer…

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