Fraud Spotlight

Don't be fuelish: Fraud in fuel inventory

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Fuel is a dominant expense for some industries such as power, energy, mining and manufacturing. For example, in the mining industry, one mine will burn thousands of tons of fuel in just one month for extraction, excavators, generators, four-wheel drive vehicles and heavy-duty equipment. Prudent mining companies have to stockpile huge fuel reserves to prevent disruption of operations. Of course, large quantities of a valuable commodity invite fraud.

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