Skip to main content

Economic crime in the transportation & logistics sector: Systemic and insider frauds can cause more than monetary damage

Transportation & logistics (T&L) companies are facing systemic types of economic fraud such as procurement fraud and bribery and corruption. The sector also has a high percentage of frauds committed by insiders. These crimes pose a serious challenge for a T&L company, since they can cause substantial financial losses and hurt a company’s reputation.
According to our 2014 Global Economic Crime Survey, the overall incidence of economic crime in the T&L sector is 34%, up two percentage points from 2011. Asset misappropriation is still the most common type of economic crime in this sector, followed by procurement fraud, accounting fraud, and bribery and corruption.
More ...
By Robert McCutcheon, PWC Partner, Industrial Products Sector Leader


  1. The first thing that impresses is that everything is available on the island, and the picture mate every car or bus has a right-hand drive which is very doubtful ... So always have to pay attention to the little things.
    Be vigilant and vigilant always.


Post a Comment

Popular posts from this blog fake scholarship scam for American students fake scholarships scam at the US UniversitiesRead how scammers from, a website set up and managed by crooks in Moldova, defrauded unsuspecting students in US colleges and universities. The scammers from a former Soviet republic exploited a lack of supervision in the system of financial aid and simply posted fake scholarships in a number of colleges and universities in the US. The crooks promised to pay a scholarship in exchange for content written for their website engaged in fraud and scam schemes.In order to fool the students the scammers proclaimed themselves to be "a European giant of transportation" and made reference to a number of preliminary created fake resources on, in Facebook, on and some others where they posted fake information about being a UK company in operation since 2000 and employing hundreds of employees. In actual fact, behind this website registered in 2016 there are just 2 crooks from Mo…

Real names of scammers behind

Real identities of scammers behind Update on our investigation about scam. The real persons behind scam are two Moldovans operating from Chisinau in the Republic of Moldova (formerly a Soviet republic): Denis Jmakov (aka Denis Zhmakov) and Stefan Melestean. CPFT investigation findings on the scam We present our investigation findings on the scam website operating in the transport sector under the name set up and managed by cybercriminals from Moldova. To deceive potential clients and carriers the scammers from advertise themselves on the Internet as a "giant of the European transport industry". They claim to be in operation for over 10 years and have hundreds of employees. In reality it is just a website registered under fake identities in 2016, no legal information, no fleet or any other assets. We were reported that this gang steals payment card details and identities of their victims and uses other te…