The Retail Fraud - 1865 Words

Retail has been existing over centuries, it is a way of making a living. You give someone a product to satisfy their needs and you get something back in return. Nowadays, we sell merchandise locally, in stores, and worldwide with the help of the internet. A store is just like a house. When someone enters your house you guide them everywhere, showing them every corner. You are always visual of whom comes in and out, because you want to be aware of your own belongings. A retail store is just the same, you greet the clients, show them where the new stocks are held, where the sales are, the shoe area and etc. Since we must treat the store as our own home, we must assure that all of the merchandise is treated like your own; this means to avoid theft and fraud. It is not only from our customers that can commit a fraudulent activity, but can also happen internally from our employees. Therefore, a good plan and policy must be created and implemented throughout the store to avoid or reduce fr audulent activity is a must. Effective controls include assigning tasks and responsibilities to more than one person, organize the dresser room of only letting certain amount of merchandise go in, and keeping the cash register area under surveillance. This paper will (talk/show/etc) how to mitigate retail fraud, both internally and externally and recent fraudulent activities in retailers. The National Retail Federation conducted a survey, Return Fraud Survey, and found surprising results. TheShow MoreRelatedBankruptcy Fraud And Its Effects On The Lower Income Brackets1674 Words   |  7 Pagesadvantage of opportunities that could help further destroy the lower and middle class as well by using bankruptcy fraud. The average white collar worker has more resources and power to deprive people, especially when it comes to the basic necessities in life. 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