I believe that this is my third post in a row about fraud. I will look for something else next time.
In the medical world, unused prescription drugs can be returned by the medical provider to the drug companies for a refund. However, with so many drug companies, hospitals and doctor’s offices found it easier to send them in bulk to Guaranteed Returns. The company would then distribute the drugs back to the pharmaceutical companies. Guaranteed Returns would then receive payment for returns, which should have then been distributed back to their customers. That never happened.
It appeared that the company set up a fake account and claimed that some of the prescriptions that were sent back were from the fake hospital and not the one that actually sent the drugs back. The medical providers were only credited some of what they should have been. Some of their customers were Prisons, the Veterans Affairs (VA) and the Department of Defense (organizations that needed the credits).
There are some controls that could have been in place to help protect the medical providers. I believe that they should have requested payment or a credit on their account be sent directly to them, and then they would pay Guaranteed a monthly fee or a portion of what they got back. If this was not possible, they could have sent auditors to audit Guaranteed to help ensure that everything was legit. If this happened, the auditors may have realized that there was a fake account that was set up to defraud the medical providers. They also could have kept records of everything that was sent to Guaranteed and then followed up with the drug companies to make sure that they were getting back the correct amount.
I also like that the company found about the investigation and didn’t remove the hard drives from the building, they simply locked them in a drawer.