JGL Forensic Services (Pty) Ltd

09/06/2026

$5.5 trillion, that is trillion with a T.
This is the amount of money globally that organisations lose to fraud every year. It is eye-watering. But buried within that financial wreckage is one specific metric that should fundamentally change how business leaders approach risk management:

* Fraud detected within six months carries an average loss of $40,000.
* Fraud that remains undiscovered for five years or more costs around $1.115 million.

The longer you allow fraud to breed, the more catastrophic the results become.

Most companies falter early on, lulled into a false sense of security if they expose a rogue employee. The financial haemorrhage is often contained at that point, and many think they’ve won the battle.

But the war is only just beginning.

Click below to read the full article:
https://www.linkedin.com/pulse/hidden-cost-late-fraud-detection-jacques-van-wyk-3gvtf

09/06/2026

CORRUPTION CASE FILE #21
The Call: An IT director conducting a hardware audit found that 34 laptops and 12 mobile devices recorded as active on the system were not assigned to any current employee.

The Truth: A procurement administrator in the IT department had been ordering surplus devices during large-scale hardware rollouts. By slightly inflating the quantity on approved purchase orders and approving the delivery herself, she received extra units that never entered the asset register. She sold them through an online marketplace over 18 months. Because hardware orders during rollouts are large and fast-moving, individual unit counts were rarely verified against delivery notes.

The Cost: R1.1 million in stolen hardware. R210,000 in audit and investigation fees. Three supplier relationships reviewed for complicity.

The Lesson: High-volume procurement events create cover for quantity fraud. Independent verification of delivery quantities, separate from the person who raised the order, is a basic but frequently skipped control.

The Question: In your last major hardware or equipment rollout, did someone independent of procurement verify that quantities received matched quantities ordered?

08/06/2026

You're still doing work that someone else should handle. You tell yourself it's faster to do it yourself, but that's a lie you keep repeating. Every task you refuse to delegate is a task that keeps you from leading. Your job isn't to do everything. It's to build people who can do things without you.

08/06/2026

This week will test you. A deal will fall through. Someone will underperform. Markets will move against you. Here's what matters: you've survived 100% of your worst days so far. This week won't break that streak. The companies that win aren't the ones that avoid problems. They're the ones that solve them faster. So when it hits, and it will, move. Speed beats perfection when chaos arrives

07/06/2026

Most corporate scandals do not start with a dramatic collapse. They start with one unchecked exception, one ignored red flag, one person believing nobody will notice.
The danger is not only the fraud itself. It is the silence around it while reputations, trust and shareholder value slowly erode behind the scenes.
Strong controls matter. Ethical leadership matters. A culture where people feel safe to question irregularities matters even more.
By the time corruption becomes visible, the damage is usually already done.

06/06/2026

The riches are in the niches." Trying to sell to everyone is a recipe for selling to no one. Own a specific corner of the market. When you are the specialist for a specific problem, you can charge premium prices.

05/06/2026

Little 'white lies' are usually not so little and will get you into a whole lot of trouble down the road. Sticking to the truth is just so much easier.
Have an awesome weekend.

04/06/2026

Someone in your organisation is probably stealing from you right now.
Not a junior clerk sneaking petty cash. Someone who knows the systems, knows the controls, and knows exactly how long they can run a scheme before anyone notices.

According to the ACFE's Occupational Fraud 2026: A Report to the Nations, the typical fraud runs for 12 months before it is detected. At the executive level, it runs for 23 months before it is detected.
That number deserves a moment.

Nearly two years.
Nearly two full annual audit cycles.
Two sets of signed management accounts.
Two rounds of board presentations.

All while the fraud continues.

Please click below to read the full article:

https://lnkd.in/dcCZsQSj

03/06/2026