#6 Ready, Steady, AIM…at Fraud and Corruption

By Journey

When resources are stretched, it’s not productive to argue about whose fault it was that frauds were missed and not picked up sooner. A healthier aim would be to work together to stop fraud at the door…and not focus on blame.

Aiming to always keep the cost of fraud in our sights.

Immunisation against fraud and early detection is the transformational change we need now to preserve cash, and focus on those essential costs which contribute to healthier and more vibrant organisations in the future. We could ask ourselves:

  • Does our organisation sit back and wait for the eventual whistleblower, or is everyone trained to spot suppliers, customers, management, partners and employees who are misbehaving and reel them in before things spread?
  • Do we and our management feel that if the external auditors did not discover any fraud this year, then the future is rosy and fraud-free?
  • If serious fraud is discovered which internal positions should get the blame? (note: this could be a trick question!)

Getting to grips with these kinds of questions will give us a feeling for the mood inside our organisations, and if you wish, how to transform from an everyday compliant organisation to motivated teams which really keep fraud out!  Keep it simple: Practical awareness training, a recognition that fraud happens all the time, and a mindset to detect fraud early will save organisations huge amounts of money. The next stage could be to use pre-crime tools to follow the money combined with augmented reality and accessible artificial intelligence.

Alongside our B4 Pre-Crime solution we have developed and tested our “AIM 42 tool” which consists of 42 key questions to help organisations identify where and how to get the maximum payback from their essential cost/ “remove fraud” initiatives.

ICAEW Event July 3rd – Insights of a Fraud Detective

“How to Find Fraud Early” is a 1-hour webinar aimed at passionate accountants and auditors who want to make a difference.  Nigel Iyer has wanted to hold this course for the Institute of Chartered Accountants in England and Wales (the ICAEW) ever since he joined three decades ago.  Now he has finally been given the chance.  This interactive webinar is open to non-members too:

Register at ICAEW using this link or

#5 We are all Fraud Detectives!

By Journey

Nobody likes being cheated!  And when budgets are tight, everyone needs to use the resources they have sensibly. So, to protect our own assets and the organisations and people we care about, we should “awaken the fraud detective” that lies in each and every one of us.

Introducing Ms Sophy and what it takes to be like her

One of the appeals of Miss Marple…Agatha Christie’s kind and stylish detective with a razor-sharp mind for solving crimes…is that we can all be like her. Ms Sophy, our first fraud detective avatar was created in a similar way. So…what does it take to be a fraud detective?

During the last 20 years we have worked with hundreds of people who were either born to spot fraud or were initially sceptical.  And almost without exception every one of them would qualify as a fraud detective. We believe that we are all born with an instinct to spot an offer that’s too good to be true, a wolf in sheep’s clothing, dirty money and dodgy dealings.  We just need to remind ourselves that the world is still far from being fraud free, apply attention to detail, and maintain our belief in ourselves!  That’s why Ms Sophy is arguably the most important team member of B4 Investigate because she has it all…in bucketloads!  You will meet Sophy in our Fraud Detective Training, in coaching sessions, and as your assistant in our rapidly evolving B4 Pre-Crime platform. Sophy is female character but could just as well be male…being a fraud detective is not a gender issue. Have a listen to 45 seconds of Sophy here *.


Podcast interview with Nigel

The Confederation of Swedish Enterprise (Svenskt Näringsliv) has just released a podcast called “Think Like a Fraud Detective”, a short interview in English between renowned security expert Karl Lallerstedt and B4’s Nigel Iyer.

#4 Fighting Fraud: Good Costs – Bad Costs

By Journey

Detecting and removing the toxic, unnecessary costs of fraud before they spread, means really valuing your Essential Costs.

Empowering organisations to eradicate the un-essential costs of Fraud

Fraud is the dirt in the machinery that nobody wants. We would like to empower every single organisation to detect fraud and corruption early and stamp it out with the assistance and inspiration of our pre-crime solution.

The concept of “Essential Costs” may sound basic for financial management but it is crucial in eradicating fraud and corruption. Removing substantial unnecessary costs such as supplier overcharging, customer payment defaults, needless rebates, fake services, bribery, etc, may seem a little daunting at first. Shining a light on what is not essential, distracting and not needed, isn’t rocket science either. It’s a reminder of how we need to be managing all organisations in these challenging times. Costs will always be necessary, but we must ensure that they are the right costs which are an investment in the future.

And remember, when you invest in bottom to top awareness of how your organisation can be defrauded, you are building a protective shield.

“Sophy” trials, where our customers take the wheel of our B4 pre-crime solution, are under way. B4 stands, of course, for “Be-Fore”. We have been told that it may not be possible to eradicate the costs of fraud and corruption completely, but we are going to make a huge impact when we all work together.

Triangulation to detect bribery

One question we are often asked is how to detect signs of bribery. The short answer is to “triangulate” between suppliers, customers and dirty cash. The tell-tale signs that bribery has crept in usually lie somewhere inside that triangle. Then once you get the signal, you follow the money. In the next newsletter, we will show you an example recipe from Miss Sophy, our Fraud Detective avatar.

#3 Immunisation against Fraud!

By Journey

Awareness of how your organisation is being defrauded is like having a protective shield which stops fraud at the doorstep.  A shield like this will spare your organisation much of the unnecessary and wasteful costs of fraud and corruption.

Embedded and online awareness to accelerate the demise of fraud

In times when every penny counts, it is more important than ever to know how your organisation can be defrauded by certain suppliers, customers, agents, external criminals, and maybe even a few of your own people. Get clued up, outsmart the fraudsters, and detect fraud early before it spreads!

Because it’s harder to travel to workshops and seminars, we all need new and innovative content and online access to virtually everything. Within our B4 Pre-Crime Solution, virtual training and awareness programmes are part of this rapid evolution. Today everybody to be a fraud detective and contribute to keep their organisations safe from fraudsters such as greedy suppliers and middlemen, dirty money, unethical customers, and employees who are tempted to turn to the ‘dark side’.

The first course to be released is Fraud Detective 101, a 50-minute pre-crime kick-starter to help everyone to stay one step ahead of the fraudsters and eradicate non-essential costs and waste.

Removing Fraud in Infrastructure projects

In April’s edition of Infrastructure Intelligence, Anil Iyer, director of the UK branch of B4 Investigate, states that the cost of fraud is too important to leave just to the accountants, auditors or lawyers. It’s actually everyone’s responsibility to stamp out the waste caused by fraud in infrastructure projects, just like health and safety, quality management, sustainability, diversity and inclusivity, digital transformation and mentoring have become something we all are part of today.

Link to Infrastructure Intelligence article:

#2 Accelerating the eradication of fraud

By Journey

We offer our client the tools, the know-how and the B4 “Pre-crime for Fraud” solution to enable everyone to wipe out the wasteful costs caused by corruption and fraud against our organisations.

Working with the Founder Institute (the world’s largest start-up accelerator program)

When B4 Investigate was started by Nigel Iyer and John Wallhoff in January we desired to transfer the power of our already effective B4 “pre-crime” solution into our clients’ hands, giving people inside organisations the ability to take the wheel and detect fraud early “be-fore” it spreads.

Given the massive changes in the world we are seeing today such as a tightening of the purse strings and millions of people embracing remote working, it feels good that we took this necessary step. In the last few weeks, we have increased the pace of development of the B4 solution and introduced online Fraud Detective training so that everyone can learn to play their part in keeping their organisations healthy and removing fraud and waste.

So far our efforts to develop a worldwide platform and community have met with critical approval from the many international mentors and investors from the Founder Institute based in Palo Alto, California, and we are trusting in their support and your moral support in the months to come to play our small part in making the world a better place, freer from fraud and corruption which we all can easily detect early and prevent.

B4 Investigate Ltd established

B4 Investigate Ltd (formerly known as Hibis Europe Ltd) is now established as a step in our strategic plan to enable B4 in the Nordic countries and UK as our key markets. Anil Iyer, who brings in his experience of the infrastructure industry, steers the UK operations.

#1 The journey continues

By Journey

On 1 January 2020, B4 Investigate AB was born. One of our goals is to focus on the development, implementation and support of the B4 methodology and algorithms to find fraud and save costs for clients. We are doing this in cooperation with Hibis AS where the initial steps with B4 were taken.

What you need to know about B4

The B4 methodology improves profitability, saves costs and enhances reputation using proven algorithms and lean data so you can root out and rectify real and significant  examples of fraud and corruption and other misuse of resources due to unethical practices.  B4 enables financial controllers, auditors, and other senior managers, discover and deal with fraud and corruption, in a timely manner, and handle it in a humane and resolute manner.  The methodology which is constantly evolving and improving in terms of its capability to pinpoint fraud early, is based on the following phases: Set-up, Execute, Clarify, Condense, Resolve.

With the support of the Founder Institute

We have received the support and backing of The Founder Institute, the world’s largest pre-seed startup accelerator based in Palo Alto, California

More information about the Founder Institute at

What you can do for us and what we can do for you

We would love you to share what you know about us and that means you can forward this message and keep us in mind when you are in touch with people and organisations who want themselves to be able to detect and investigate fraud and corruption, and detect it early!

And you can be a part of journey as a customer, partner or supporter of our work to help rid the world of significant unnecessary costs caused by fraud and corruption.