What is a Fraud Investigator?
In this world of ours, there are people that practice to deceive. They do this for their own selfish benefits. The cost of this deceit or fraud can be enormous to the victim.
This is where fraud investigators come in. It is their duty to uncover the fraud and bring the perpetrators to book. A typical fraud investigation will involve one or all of the following:
1. A meeting between the client and the investigator to gather initial evidence and determine why the client thinks fraud has been committed
2. Possible surveillance by the investigator to gather visual evidence
3. Asset search to uncover hidden assets
4. Background check to look into history of perpetrator
Fraud investigation involves working in all kinds of conditions. Doing something like surveillance, can mean working outside in inclimate weather.
Fraud investigators must abide by the law. This is because any evidence they gather may be used in the court of law. If the law or proper procedure is not followed, the evidence can be thrown out of court.
There are all kinds of fraud. It is not limited to any business,
industry, or organization. Below are possible investigations, fraud
investigators may be involved in:
1. Social benefits fraud that involves improper application, receipt, dissemination, or appropriation of government fund
2. Tax fraud that involves trying to cheat on taxes
3. Workers compensation fraud that involves uncovering employees that file false workers compensation on injuries they did not sustain
4. Corporate fraud that involves uncovering cooked financial books
How to Become a Fraud Investigator:
To become a fraud investigator, you need at least a high school diploma and 3 years of work experience. The experience should be in conducting investigations that involve criminal and/or fraudulent activities.
You can become a fraud investigator with an associate degree and one year work experience. The one year experience should be in conducting investigations that involve criminal and/or fraudulent activities. The preferred majors for the associate degree are criminal justice, criminal investigation, police science, criminology, or criminal justice administration.
You can also become a fraud investigator with a bachelor degree. The preferred majors for the bachelor degree are criminal justice, criminal investigation, police science, criminology, or criminal justice administration.
There are online schools that will allow you get an associate
and/or bachelor’s degree in the above majors without disrupting what you
are currently doing. Some of them in as little time as 15 months to
complete. One of them is Devry University online.
Follow this link to get their free no obligation information.
Another one is Kaplan University. You can also follow this link to get their free information. It may be a good idea to get both information and see which one suits your schedule the best.
Fraud Investigator Salary:
Fraud investigators can make as much as $56,000 per year to start. As they gain more experience and years of service, their pay can rise to as much as $73,000 per year.
Criminal Justice Careers