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By Alex Lennane
In May and June, two large US audit and payment firms went bust, and were accused of diverting or embezzling more than $100m of shippers’ funds that were due to carriers. DC Velocity explains what went wrong, and also looks at how shippers, which were heavily defrauded, can mitigate the risk. A worthwhile read for anyone who is outsourcing payments – or being paid this way.