Jerry Ipsen, CFE, MBA
Construction Fraud and Social Engineering
Three ideas come to mind when discussing vendor fraud in construction. Theft of course, false applications for payment and the changing...
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IPSEN DUE DILIGENCE
Jerry Ipsen, CFE, MBA
Background & DD Checks for
GP / JV / Sponsors
Internal Controls / Audit
Forensic Accounting
Due Diligence and Oversight for
Real Estate and Construction
Syndication Fraud
REIT Fraud
'Bad Actors'
Due Diligence
Compliance
Oversight
Site Visits
Vendor (Audits)
Labor, Material
Litigation Support
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Jerry Ipsen, CFE, MBA
- Oct 23
- 1 min
How to Combat Material Fraud on the Jobsite
A common form of construction fraud is through the substitution, removal or even the exaggeration of the amount of materials being used...
15 views0 comments
Jerry Ipsen, CFE, MBA
- Oct 4
- 1 min
3-Day Audit to Look for Vendor Fraud
Looking for fictitious vendors but don't feel the need for a traditional and week(s) long audit? Jerry of Ipsen Due Diligence offers a...
21 views0 comments
Jerry Ipsen, CFE, MBA
- Mar 22
- 1 min
Taking on False Representations
The term "False Representation" has been described best as the catch-all category of contractor or construction fraud. While it can be...
7 views0 comments
Jerry Ipsen, CFE, MBA
- Mar 10
- 1 min
The CFE Does More Than Just Find Fraud
The Certified Fraud Examiner can be your business partner especially when it comes to trial preparation, testimony, fraud prevention,...
37 views0 comments
Jerry Ipsen, CFE, MBA
- Mar 3
- 1 min
Fraud in Construction is Preventable and Manageable
In construction, fraud is as prevalent on the jobsite as it is from one's own employees, vendors, real and fake, and from material...
56 views0 comments
Jerry Ipsen, CFE, MBA
- Mar 2
- 1 min
Jobsite Visits Will Save You Money
Project owners and contractors looking to avoid costly legal bills from preventable acts of fraud need to consider monthly visits from a...
19 views0 comments
Jerry Ipsen, CFE, MBA
- Feb 24
- 1 min
California Law Regarding Change Orders
In the section of the proposal/contract regarding change orders offered by many contractors, it's stated using words to the effect that;...
10 views0 comments
Jerry Ipsen, CFE, MBA
- Feb 18
- 1 min
Investigating Cost Overruns
Have you been told an increasing amount of cost overruns is having a serious impact on your project? Are investors demanding answers? ...
48 views0 comments
Jerry Ipsen, CFE, MBA
- Feb 12
- 1 min
Lecture - "Fraud in Construction"
Jerry Ipsen has developed a lecture plan addressing fraud in construction. The in-person lecture is available to those involved in...
41 views0 comments
Jerry Ipsen, CFE, MBA
- Feb 4
- 1 min
Homeowners - Ipsen Due Diligence Will Vet Contractors
Ipsen Due Diligence at the request of the homeowner/property owner, will conduct a thorough vetting of the prospective contractor. Our...
27 views0 comments
Jerry Ipsen, CFE, MBA
- Feb 3
- 1 min
Contractor Due Diligence for Homeowners
Ipsen Due Diligence can help you or someone you know from becoming a victim of contractor fraud by conducting the necessary due diligence...
21 views0 comments
Jerry Ipsen, CFE, MBA
- Dec 7, 2022
- 1 min
Fraud Investigation & Due Diligence for Construction
Ipsen Due Diligence specializes in construction fraud to include detecting acts of misrepresentation, embezzlement, false or misleading...
24 views0 comments
Jerry Ipsen, CFE, MBA
- Dec 5, 2022
- 1 min
3-Day Forensic Audit to Identify Fictitious Vendors
Looking for fictitious vendors but don't feel the need for a traditional and week(s) long audit? In its place, Ipsen Due Diligence...
60 views0 comments
Jerry Ipsen, CFE, MBA
- Dec 2, 2022
- 1 min
Numerous Ways to Identify Fictitious Vendors
While one “way” by itself is not an indication of fraud. It is a red flag and warrants further investigation. Look for vendors whose...
41 views0 comments
Jerry Ipsen, CFE, MBA
- Nov 18, 2022
- 2 min
10 Questions to Ask a Prospective Contractor
In order to make a "good decision" here are questions that need to be asked. Keep in mind, your pool of candidates should be at least...
39 views0 comments
Jerry Ipsen, CFE, MBA
- Nov 17, 2022
- 1 min
Never Prepay More than 10% of the Total Job Value
By law, each state has different regulations regarding the amount a contractor can ask when it comes to an upfront deposit. The range is...
5 views0 comments
Jerry Ipsen, CFE, MBA
- Oct 5, 2022
- 1 min
Project Manager Convicted of Fraud
Inflating change orders was the driver behind William Sacco's fraud conviction as he was sentenced in July by U.S. District Judge Kari A....
32 views0 comments
Jerry Ipsen, CFE, MBA
- Oct 2, 2022
- 1 min
Where to Look When Vendor Fraud is Suspected
Vendor fraud can be committed by employees or vendors acting alone or in collusion with each other. Here are a few things Fraud...
91 views0 comments
Jerry Ipsen, CFE, MBA
- Sep 30, 2022
- 1 min
Construction Commission Fraud
Ever wonder how commissions are calculated and paid to your project managers or estimators? An article by Feeley & Driscoll, CPAs...
19 views0 comments
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