Fraud, Waste & Abuse Prevention

Prevention and Early Detection Are The Best Defenses Against Fraud and Abuse

Fraud is an intentional misrepresentation of facts for unlawful gain. It is committed knowingly, willfully or recklessly. These acts result in either benefit to oneself or some other party. Fraud is a serious matter and carries criminal penalties. Waste is the extravagant, careless, or needless expenditure of company funds, or the consumption of company property, that results from deficient practices, systems, controls, or decisions. The term also includes improper practices not involving prosecutable fraud.  Abuse is a lesser offense than fraud. It results in direct and indirect expenses that are wasteful and inefficient. Although abuse is not intentional, civil penalties may be assessed for misrepresentation.

Fraud, waste and abuse take many forms and can be committed by various employees throughout your company. Prevention is achieved through maintenance of a vigorous compliance program and strives to educate your work-force on the prevention, detection, and reporting of fraud, waste, and abuse.

Lanter, Leonardo & Levy offers leading industry knowledge in developing innovative prevention and detection programs for prevention, detection, and reporting of fraud, waste, and abuse. Our services include:

  • Data analytics
  • Fraud, waste and abuse prevention through program controls, data sharing and documentation
  • Identifying/documenting and verifying improper contractor payments
  • Investigations
  • Forensic accounting
  • Case management
  • Litigation consulting

Lanter, Leonardo & Levy works with the construction industry to implement procedures to help protect against waste and abuse while also detecting and preventing fraud. From full-scale fraud investigations to identifying and documenting improper payments, we provide a range of services designed to safeguard your company’s assets.

The best strategies for business and personal growth and success are specific to your business and personal situation. Your plan must be tailored to fit your unique circumstances. Contact Lanter, Leonardo & Levy for a no obligation consultation on building and preserving the company and wealth you have worked so hard to achieve.

Call Alex Leonardo or Rick Captain today at 561-998-7770

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