This week's arrest of hedge fund manager Murray Huberfeld for an alleged kickback scheme with New York City's correction officers union didn't surprise one private eye. Financial fraud investigations have increased dramatically in recent years, according to Ken Springer, the CEO of Corporate Resolutions, Springer's business is on the upswing. 'Business has increased dramatically. I think we've almost doubled in size the last two or three years,' he said. Springer and his team conduct background checks, searching for resume fraud. The company also investigates money laundering, cyber threats, and embezzlement. Springer, a former FBI agent, works with a team of investigators at his offices in New York. 'We've been in business twenty-five years now, and with some of the newer schemes and with cyber fraud, I think we'll be in business for the next twenty-five years,' said Springer. The investigator said not much has changed since Bernie Madoff's Ponzi scheme cost investors billions of dollars. 'Going back to Madoff in '08, it hasn't stopped. We would have thought people would have learned their lesson. They haven't. It comes down to people not knowing enough about the people they are doing business with,' explained Springer.
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