home Email search
White Collar Crime
CC Logo Logo BAC Logo 		http://www.braganza.co.za
  home chat forum downloads account  
     



Poll

Does this site add value to the fight against white collar crime?

Yes

No

It could but it needs changes



Votes: 40
Old Surveys


Online
Guests: 5
Members: 0
On this page: 2
Members: 309, newest: admin2


Welcome

Username:

Password:


Remember me

[ Signup ]
[ Forgot password? ]


Search White Collar Crime




An initiative of KZN's White Collar Crime Task Group, the SAPS's KZN Commercial Crime Branch and J Blindell.


The incidence of crime in South Africa continues to assume epidemic proportions. While all crime gives rise to concern, it is particularly those crimes involving dishonesty which are really eating away at the very fabric of business and government ethics and which are threatening the foundations upon which our economic system is built.
Although the classification that we are discussing would include common theft, the area of particular concern is that which is commonly known as "white collar crime". This is a very broad category but in essence we are talking about fraud, bribery and corruption. We are concerned with those crimes of commission and omission which are both actual and intended. It is a fact, that in white collar crime, the potential rewards are greater, the risk of detection is lower, successful prosecution is more difficult and finally, in the main, the penalties are less severe. These are all sound "business" reasons for both local criminals and large international crime syndicates to put their efforts into this type of crime.

This internet site will try to help people understand and recognise white collar crime and teach them what to do to help put an end to it. It is a joint project between the South African Police Service's KwaZulu Natal Commercial Crime Branch, KwaZulu Natal's White Collar Crime Task Group and J Blindell. It will provide advice on various related topics, details of white collar crime criminals as well as providing details of the current "scams" used by fraudsters and publicise recent successes of the SAPS.



[DO BECOME A MEMBER AND CONTRIBUTE TO OUR FORUMS. WE VALUE YOUR VIEWS


Senior Staff Fraud

More senior staff commit fraud

Nov 19 2009 08:18 René Vollgraaff

 

Johannesburg - Economic crime is flourishing in the global downturn - more than 60% of South African businesses have been hit in the past year.

Louis Strydom, head of forensic services at PricewaterhouseCoopers (PwC), says opportunities and incentives for fraud increase in an economic downturn.

Almost two-thirds of the 63 South African respondents in PwC's latest survey on economic crime were victims in the past 12 months, compared with a global average of 30%. Of these, 54% said fraud in their businesses had increased in the past year.

Financial-statement fraud has risen worldwide in the past four years. However, in South Africa it had declined from 45% in 2005 to 39% in 2009.

A total 82% of the South African respondents who experienced economic crime suffered theft of assets, compared with 67% worldwide.

According to the survey the profile of the financial criminal is changing.

Most are still in-house. Middle managers are now committing 29% of all such crimes in South Africa, compared with 22% in 2007. Junior staff members remain the biggest offenders and in the 12 months were responsible for 50% of all local incidents.

Bribery and fraud were uncovered at 59% of the firms, but at only 27% globally.

Although the share prices of only 10% of South African enterprises reporting economic crime were affected by such misconduct, 33% indicated that staff morale had been negatively impacted by it.
Posted by admin on Tuesday 24 November 2009 - 06:43:01 |Comments are turned off for this item | email to someone | printer friendly |





Look Who Got Caught

Siphiwe Eugene Mcanyana of Umlazi

Modus Operandi:

Fraud - Skimming of credit cards. Used a skimming device to down load credit card information onto a computer and then writing the information to various credit cards. Actual loss R235 206.58 (Nedbank 10.64%, FNB 32.52%, ABSA 23.11%, Standard 33.74%).

Sentence in Durban Special Commercial Crimes Court:

  • to undergo periodical imprisonment for 2000 hours
  • 3 years imprisonment wholly suspended for 5 years with conditions
  • to pay compensation of R175 000.00
  • 2 years imprisonment wholly suspended for 5 years with conditions.

Ms Vanashree Pillay (35 years) of Amanzimtoti

Modus Operandi: Fraud and corruption by the accused when she was a clerk for the Ethekwini Municipality. She assisted a employee responsible for property evaluations to alter the evaluation of properties of certain ratepayers so that they received a reduction in their yearly rates. She received corruption payments of R34 000.00 from the ratepayers concerned. Actual fraud committed was R305 507.50.

Sentence in the Durban Commercial Court on 20 Nov 08: 3 years imprisonment suspended for 5 years plus 3 years correctional supervision and 16 hours community service each month.

Ms Rowida Ramnarayan (42 years) of Ladysmith

Modus Operandi: Fraud and corruption when she was a clerk for the Department of Health. She worked in the procurement section in the Emmaus Hospital. R14 810.00 was paid to the accused in corruption to facilitate procurement of medical supplies. 1 case of fraud, 9 of corruption and 9 of money laundering (via husband).

Sentence: Fined R40 000.00 or two years imprisonment of which half suspended for 3 years.

Ms Phumzile Eunice Ngiba (44 years) of Umlazi, Durban

Modus Operandi: Used false ID documents and false particulars when she used a credit card belonging to Durban furniture business to open accounts at various chain stores in the Durban area.

Outcome:  Convicted in the Durban Magistrates Court on 7 Mar 08 of 11 counts of fraud  occasioning an actual loss of R75000.00

Sentence: 10 Years imprisonment  without the option of a fine.

   
All trademarks are © their respective owners, all other content is © e107 powered website.
e107 is © e107.org 2002/2003 and is released under the GNU GPL license.