Invoice Factoring Could Be Next Big Thing For Fraud Scam, Predicts Lawyer By Shaw Capital

Shaw Capital Management and Financing offer a complete line of factoring services, purchase order funding, and asset based financing, accounts receivable management, and other related financial services.

One of the biggest challenges facing businesses in the current economic climate is getting invoices paid and the use of invoice factoring could become a significant area for fraud, according specialist fraud lawyer Arun Chauhan of Midlands firm Challinors.

In the current economic climate the use of factoring is becoming more prevalent, says Arun, a
Partner at Challinors and head of its Fraud & Asset Recovery department. The problem of getting invoices paid is a growing problem and an increase in fraud in Factoring is an area that will not be immune from this threat.

The issue of invoice payment is not unique to the economic climate but one that is encountered by all businesses and in particular start up businesses. Factoring is the selling of a companys invoices, at a discount, to … Read the rest