Most swept under the rug, but it’s a common occurrence

By Megan McFarland, CPA - Hein & Associates

With every oil boom, comes fraud. Most of the attention centers on fraudulent stock scams, which hit the courts regularly in every state, especially those home to the big energy plays. What doesn't garner as much notice is fraud against oil and gas companies themselves.

It’s not a small problem. Although we are unaware of statistics particular to the oil and gas industry, the Association of Certified Fraud Examiners estimates in its annual ...

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