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Corporate Services

Fraud Investigation & Compliance

Protect your assets

Comprehensive Fraud Investigation Services

At Maya & Maya, Inc we are seasoned in investigating a wide variety of fraud-related situations that result from a series of scams that target a wide variety of victims. We will not only investigate, assess, but develop a solution for a pro-active fraud stop program. By using pioneered methods, our experienced fraud investigators will provide you with solutions to this complex problem. Our efforts include the investigations arising from embezzlement, and a wide variety of many fraud-related schemes that target businesses, schools, non-profits, and churches.

For example, over 80 percent of occupational fraud involves asset misappropriations. Cash is the targeted asset 90 percent of the time. In order to protect you, we implement our knowledge of business accounting, banking standards, and auditing methods into our workplace investigations. Coupled with our interviewing skills, we can evaluate complex financial transactions and investigate questionable business activities.

Daniel L. Maya is a certified fraud examiner since 2005 and has over 20 years investigating complex fraud-related cases for insurance companies, corporations, non-profits, and churches. Mr. Maya was a medicare fraud investigator assigned to cover south Florida and was instrumental in investigating some of the most complex DME, HHA, and pharmacy cases dealing with safeguarding the medicare trust fund.

Another solution that Maya & Maya Inc will develop is a proactive approach to stopping fraud-related loss from occurring in the future whether its to develop a better background investigation program, third-party approval processes, or developing a common-sense approach to stopping losses. We will assist you in ensuring your agency is compliant with your state and federal regulations regarding fraud reporting.

Fraud Investigations

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Our staff received yearly training in mortgage fraud and these are some of training schools that our staff have attended:

Miami Dade Public Safety Institute – Real Estate and Mortgage Fraud Investigations
American Association of Residential Mortgage Regulators – Fraud and Investigations School
Association of Certified Fraud Examiners – Mortgage Fraud Training

Our staff is given yearly CEU in mortgage fraud-related topics and is active on the latest trends. We will assist you in investigating your loans and helping you resolve claims, losses, and or groups trying to deceive your underwriting staff.

The following are some of the investigative functions we have performed for mortgage lenders, PMI carriers, and GMI carriers.

  • Occupancy Investigations
  • Employment and Income Investigations
  • Stated Income Investigations
  • Bank Statement Review and Verifications
  • Loan Audits
  • Broker Audits
  • HUD Audits
  • Hidden Debts (Usually debts not disclosed at origination)
  • Appraisal Fraud

Fraud Related Statistics

The following statistics and those noted above are from the 2020 Report to the Nation. This report, conducted by the Association of Certified Fraud Examiners, provides the most detailed view of how occupational fraud affects organizations in the U.S.

  • Asset misappropriation was by far the most common form of occupational fraud, occurring in more than 86% of cases, but causing the smallest median loss of $125,000. Financial statement fraud was on the other end of the spectrum, occurring in less than 10% of cases but causing a median loss of $100,000. Corruption cases was the most common scheme in every global region.
  • Typical Fraud Case lasts 14 months before detection and causes a loss of $8,300 per month.
  • CFEs estimate that organizations lose 5% of revenue to Fraud each year. The median loss is $125,000 and average loss per case is $1,509,000
  • The presence of Anti-Fraud Controls is associated with lower fraud losses and quicker detection.
  • Certain Fraud Risks were more likely in small businesses than in large organizations: Billing Fraud 2x Higher; Payroll 2x higher; Check an payment tampering 4 x higher.
  • A lack of internal controls contributed to nearly 1/3 of frauds.

Please read the attached report for vital information for your organization.

https://www.acfe.com/report-to-the-nations/2020/

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