Tag Archives: fraud

Fidelity Bonds and Employee Fraud

It’s amazing to me that Nigerian banker scams continue to appear in my inbox every now and then.  After all these years, businesspeople apparently continue to fall for them.  Click here for a pretty good fact sheet from the Australian government on how these scams work, and how to avoid them. Recently, a Minnesota bank … Continue Reading

Are Punitive Damages Insurable?

The answer is maybe, under some circumstances.  Unfortunately for the major accounting firm BDO Seidman, however, such circumstances didn’t exist in a recent New York coverage decision.  You can read the full opinion by clicking here. BDO’s coverage dispute stemmed from a $92 million Florida jury verdict against BDO (ouch), which included $55 million in … Continue Reading