What is a common method used by fraudsters to control funds in suspense accounts?

Fraudsters often utilize personal checking accounts to control funds in suspense accounts because these accounts can be more difficult to trace. By moving funds into personal accounts, they can obscure the financial trail and make it challenging for auditors or investigators to identify the source or intended use of the funds. Personal accounts are also often less scrutinized than business accounts, allowing fraudsters to manipulate transactions with a lower likelihood of detection.

This method allows for easier access to the funds without raising immediate red flags, as personal accounts can appear legitimate and may not draw the same level of oversight as accounts specifically related to business transactions or company funds. In this approach, fraudsters exploit the gap in oversight for personal accounts, using them as a deceptive tool to misappropriate funds from suspense accounts.