Six months after starting her job, the woman began taking R537 million from her employer.

Six months after she began working for her employer, a Boksburg accountant began embezzling R537 million. June 2004 saw Hildegard Steenkamp begin employment at Medtronic (Pty) Ltd, and on December 21, 2004, money was transferred into her account for the first time.

An anonymous tip-off made her deeds public. Only 174 transactions were found at the beginning of the investigation. She once spent R5 million on a single day. Over R20 million was the most ever taken in a single month.As a bookkeeper, the court heard, she was in a position of trust, which she undoubtedly abused when she realized she could get away with it. Read more on: https://www.timeslive.co.za/news/south-africa/2023-12-08-woman-who-stole-r537m-from-her-employer-started-stealing-six-months-after-she-was-employed/

Cybercriminals use South Africa as a playground

With the rise in online frauds and attacks in recent years, South Africa has turned into a testing ground for cybercriminals testing the efficacy of their attacks.
Nazia Karrim of the South African Fraud Prevention Service (SAFPS) stated in an interview with Newzroom Africa that the lack of awareness among the populace about online safety is the main reason for the high incidence of cybercrime in the nation. Read more on: https://mybroadband.co.za/news/security/515621-south-africa-a-playground-for-cybercriminals.html

Importance of integrity in the workplace

Integrity improvement and corruption prevention must be taken into consideration while implementing occupational safety and health (OSH) practices. What negative effects might unethical and dishonest behavior have on workplace health and safety? What effects does corruption have on public health and workplace safety? Integrity’s essential components include ethics, honesty, and morality. People that have integrity at work always speak the truth, are responsible, transparent, and dependable, and respect coworkers, stakeholders, and consumers. Read more on : https://www.nst.com.my/opinion/letters/2023/06/917297/integrity-vital-ensure-safe-workplace

Doctor accused of fraud, 85, claims he is too old to go to trial.

An 85-year-old doctor claims he is too old to stand trial after being accused of providing a fake death certificate to help a Durban man’s girlfriend falsely collect R6.5 million in life insurance. One of four people accused of fraud in the Durban Regional Court case involving an erroneous claim of R6.5 million from Old Mutual is Dr. Eric van der Veen. Van der Veen has asked KwaZulu-Natal Director of Public Prosecutions Elaine Zungu to have his name removed from the list of suspects since he claims he did nothing illegal. Read more on: https://www.news24.com/news24/southafrica/news/85-year-old-fraud-accused-doctor-says-he-is-too-old-to-stand-trial-20230904

Babita Deokaran’s murder suspects six plead guilty

Babita Deokaran was murdered because she ” creating problems at work,”  the men who now admit to helping eliminate her claim. On Tuesday, six men arrested for the 2021 murder of a whistleblower took plea and plea deals with the state.  Now they have admitted the crime and  been tried for it. In return, they also received various prison terms from 6 to 22 years. Read more on: https://ewn.co.za/2023/08/22/deokaran-assassinated-because-she-was-creating-problems-at-work-court-told

What is embezzlement and how does embezzlement happen?

The misuse or misappropriation of company resources or assets is referred to as embezzlement. When a worker or company owner steals or inappropriately uses corporate funds, it is called embezzlement. An employee might, for instance, take payment for a transaction without depositing money into the business’s bank account. For other examples of embezzlement, read more on: https://smallbiztrends.com/2023/05/embezzlement-examples.html

ANC expels Ace Magashule for misconduct, corruption charges

Despite being accused of corruption in a criminal case, the former secretary-general of South Africa’s dominant African National Congress party was dismissed from the party on Monday for misconduct and other violations of party regulations. Ace Magashule, the former secretary-general of the African National Congress, the country’s ruling party, was expelled on Monday for misbehavior and other rules infractions. In 2021, Magashule was accused with numerous counts of corruption and fraud and consequently removed from his post as secretary-general. Read more: https://www.foxnews.com/world/south-africas-ruling-party-expels-ace-magashule-misconduct-corruption-charges

Dreading his wellbeing, top cop skips parliament hearing on Eskom

The claims of fraud and corruption made by former Eskom CEO André de Ruyter, in which at least one ANC politician is alleged to have been involved in directing criminal cartels, are thought to be integral to Burger’s investigations.

At De Ruyter’s request, the national police commissioner, Fannie Masemola, assigned Burger as the primary officer with whom De Ruyter could communicate regarding the data gathered by the privately funded intelligence operation carried out by the George Fivaz Forensic and Risk company. Read more on: https://mg.co.za/news/2023-06-07-fearing-his-safety-top-cop-skips-parliament-hearing-on-eskom-graft/

Calls to protect South African whistleblowers following deaths

Between 2000 and 2021, there were 1,971 assassination instances reported in South Africa by the Global Initiative Against Transnational Organized Crime, with whistleblowers making up a large portion of the victims.
On one of South Africa’s major highways, two shooters killed an accountant (Cloete Murray) who was working on a high-profile corruption investigation along with his son. An employee of the government’s health department (Babita Deokaran) who reported unlawful transactions was shot 12 times in her driveway.
Anti-corruption organizations are pleading with the South African government to give whistleblowers stronger protection in light of the murders and other incidents. They have also increased resentment about pervasive corruption associated with public contracts, which has long plagued the most developed economy in Africa. Read more: https://apnews.com/article/south-africa-whistleblowers-corruption-killed-03d4e5aa116b2acd9562b50c25289491

Former Absa workers sentenced to 15 years in prison for JSE and Samanco Foundation fraud

The Mokopane regional court this week convicted three former Absa bank workers who worked at its Limpopo and Gauteng branches to 15 years in prison each for fraud.
The three defendants, Motsiri Peter Ramahlarerwa, 58, Seatile Pauline Senoamadi, 44, and Dimakatso Prudence Ramokgole, 34, worked for Absa in Naboomspruit, Lephalale, and Sandton, Johannesburg.
As a result, between July and September 2019, the JSE trustee and Samanco Foundation lost R1.91 million. Read more: https://www.timeslive.co.za/news/south-africa/2023-04-15-former-absa-employees-jailed-for-15-years-for-jse-samanco-foundation-fraud/

South African corruption investigator Cloete Murray shot and killed

A South African accountant who was looking into high-level corruption issues was shot and killed along with his son. The liquidator for Bosasa, a business involved in multiple scandals involving government contracts, was Cloete Murray, 50. Also, he served as a liquidator for businesses connected to the powerful Gupta family, who reject allegations of bribery. As a court-appointed company liquidator, Mr. Murray’s duties included investigating bankrupt companies’ accounts, recovering assets, and reporting any illegal activity. It is while traveling in Johannesburg with his 28-year-old legal advisor son Thomas, that Murray was shot by unidentified attackers on Saturday. Read more on: https://www.bbc.com/news/world-africa-65007942

Spine surgeon found guilty of receiving over $300,000 in kickbacks

In exchange for doing spine procedures at a now-defunct Long Beach hospital whose owner was imprisoned for committing a massive workers’ compensation insurance fraud, an orthopedic physician was found guilty of taking more than $315,000 in bribes and kickbacks.

After a six-day trial, Dr. David Hobart Payne, 65, of Irvine, was ruled guilty late on Friday afternoon. The jury found Payne guilty of two counts of honest services wire fraud, one count of conspiracy, and one count of making bribes more easily obtained by exploiting an interstate facility. Read more on:https://www.justice.gov/usao-cdca/pr/surgeon-convicted-federal-charges-accepting-over-300000-illicit-payments-perform

The interview with De Ruyter was a form of “whistle-blowing,” says Yelland

Former Eskom CEO Andre de Ruyter’s appearance with a private TV station last Tuesday, in the opinion of energy expert Chris Yelland, was a kind of whistleblowing. A top African National Congress (ANC) minister is allegedly engaged in illegal activity at the electricity company with the knowledge of other senior party figures, according to charges made by the former CEO.
De Ruyter joined Eskom three years ago, but immediately encountered serious procurement irregularities, poor management, and corruption among many other issues. In ten years, De Ruyter was Eskom’s thirteenth CEO. Read more on: https://www.sabcnews.com/sabcnews/de-ruyters-interview-was-an-act-of-whistle-blowing-says-yelland/

Why is Gen Z the generation least likely to report workplace wrongdoing?

Despite claiming to be eager to report misbehavior, a survey found that 38.9% of Gen Z respondents indicated they did not report it when they saw it. Comparatively, 27.6% of both Gen Xers and baby boomers and 31.8% of millennials did not report observed wrongdoing.
Participants responded to the following question: “When you saw misconduct, did you report it?”
But why is Gen Z the generation least likely to report wrongdoing among all the generations? According to Ethisphere, younger generations are less likely to trust their employer’s anti-retaliation policies and practices. Read more on: https://www.fastcompany.com/90834160/gen-z-workplace-misconduct-report-boomers-x-millennials

Durban lawyer receives a three-year sentence for fraud

The Durban Regional Court imposed a five-year prison term on 41-year-old Shameer Goolabjith. According to the National Prosecuting Authority, the first two years of the sentence were completely suspended. The sentence for Goolabjith will be three years in prison in actuality. Natasha Kara, a representative for NPA in the province, claims that Goolabjith fabricated an allegation in July 2015 when suing the Minister of Police ostensibly on behalf of a complainant. Read more on: https://www.iol.co.za/news/crime-and-courts/durban-lawyer-jailed-for-3-years-for-fraud-18fae582-f6e3-41e7-a72f-f54dc15c159e

“No bodyguards or hiding for me.” NLC fraud whistleblower

Arthur Mafokate’s old business partner Brian Mokoena has admitted that he is not terrified of the kwaito legend, according to the Daily Sun. Mokoena said that others are concerned for his wellbeing but he does not believe that getting any protection will be necessary, though.
This comes after City Press reported that the National Lotteries (NLC) got a tip in the form of an affidavit signed by Mokoena at the Midrand Police Station in 2019 about Mafokate allegedly misusing Lottery cash intended for the poor.
The Special Investigations Unit (SIU) announced on Friday, January 13, that it had seized Mafokate’s R7.5 million property in Midrand. One of five assets, including two opulent homes, a piece of land, and a farm belonging to former NLC staff members, is the 999 Music boss’ guesthouse. Read more on: https://www.thesouthafrican.com/lifestyle/celeb-news/safety-arthur-mafokate-whistle-blower-nlc-fraud-corruption-property-brian-mokoena-lotto-16-january-2023/

Keeping an eye out for hybrid workers: indicators of employee fraud and precautions for the company

While there are many well-known advantages of hybrid working, there are also substantial ongoing obstacles for companies. In light of the current economic crisis, the popularity of hybrid working has given certain employees who are motivated to act dishonestly better options. A dishonest employee may feel encouraged and anticipate their dishonest behaviour to go unnoticed if an employer adopts a “out of sight, out of mind” mentality regarding those employees who frequently work from home under a hybrid working strategy. For further information on factors that can be cause for concern and ways to lower the risk of fraud, click here: https://www.foxwilliams.com/2022/11/17/keeping-up-your-guard-employee-fraud-warning-signs-and-steps-to-protect-the-business/

Attention: South African insurance scams are on the rise.

Insurance company Hollard has issued a warning that fraud involving insurance sales, claims, and recruitment is becoming more prevalent in South Africa, putting tourists in particular danger because they often let their guard down during the holiday season.
Hollard asserted that the Covid-19 outbreak led to an increase in fraudulent activities and stated that this time of year is always marked by an increase in shady schemes as people let their guard down due to their hectic schedules during the holiday season. Read more on: https://businesstech.co.za/news/finance/652537/beware-these-insurance-scams-on-the-rise-in-south-africa/

Don’t be a money mule this festive season

The holiday season is a time to relax, spend time with family, and demonstrate love and charity to others. However, the South African holiday season is regrettably also associated with fraud. Many South Africans are anticipated to become victims of fraud during this time if history is any indication. For advice on how banking clients can better protect themselves, see: https://www.iol.co.za/business-report/budget/dont-be-an-ass-mule-this-festive-season-c56ffc16-3531-49a4-942b-44224b789a7d

Employer-friendly guide to whistleblowing

Cases involving whistleblowers can be financially and reputationally harmful to the organizations they are brought against. Therefore, it’s crucial that businesses make every effort to foster a work environment and culture that reduces their vulnerability to legal action. The actions that organizations can take include demonstrating best practices, ensuring that procedures and policies are impenetrable, having an organized system for reporting difficulties, being impartial and treating all complaints with respect, among other things. Read more on: https://www.peoplemanagement.co.uk/article/1804087/whistleblowing-guide-employers