Fraud Prevention Techniques for Nonprofits

• Overview
• Credits

Learn about the hottest topics in fraud schemes and simple steps for detection and prevention.Just as closely held and publicly traded corporations are bound by a myriad of federal and state statutes and regulations, nonprofit entities are similarly regulated and are even bound by additional requirements, particularly with nonprofit tax status. Unfortunately, those serving as officers, directors, or employees of nonprofits fail to look at their entities' operations with a critical eye, perhaps under the belief that their benevolent entity can do no wrong. This problem plagues different nonprofit institutions, from universities to hospitals and even public interest advocacy organizations. Those who operate nonprofits, including compliance officers and directors, need to understand the basic laws that govern their operations. They need to ask critical questions and be aware that their failure to act will ultimately leave them open to a day where a whistle-blower will step forward and lend transparency to matters where compliance is merited. This topic addresses the basic areas of concern and the role of whistle-blowers in bringing accountability to nonprofit organizations.

Authors

Agenda

Nonprofits Are Not Exempt From Fraud

The Role of Whistle-Blowers and the Various Statutes

Existing Paradigms Involving Whistle-Blower Actions in the Nonprofit Area

• Federal False Claims Act

• The IRS Whistle-blower Statute

• State False Claims Acts

The Investigation of Fraud

• Information Gathering

• Choosing Witnesses

• Asking Questions

Framing Lawsuits

• Case Evaluation

• Complaint Preparation

• Litigation Strategies