Ongoing investigations into the £40 million (nearly $52.4 million USD) fraud that felled Patisserie Valerie have found that fake invoices were involved. Elsewhere in the world, misuse of procurement cards has stirred investigations at several U.S. universities. Wirecard also slumped on the heels of fraud...
The late payments epidemic continues in the U.K., and larger firms take longer to pay. Separately, it’s no cakewalk for Patisserie Valerie to get suppliers paid on time, and McKesson is demanding payment from a retailer for its unpaid invoices.
