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Condé Nast Creates Fraud Hotline

4 times square.jpgThings seem to be looking up for Condé Nast in the New Year, and Si Newhouse wants to keep it that way.

In order to avoid an embarrassing computer hacking like the one that hit GQ and other titles last year, or some similar fraud, the magazine publisher has set up a 24-hour fraud tip hotline, Keith Kelly reports today.

In a memo sent to staff yesterday, CFO John Bellando explained that the hotline was intended to allow employees to report instances of any “release of proprietary information, accounting/audit irregularities, falsification of company records, theft of goods/services/cash,” and even “unauthorized discounts/payoffs.”

From the outside, it would seem like this sort of thing is rampant at Condé. If that’s the case, will this move help stem the tide? We’re also wondering if releasing Bellando’s memo to Kelly would be cause to call the hotline. In any case, don’t stop sending those tips our way!

Read more: Fraud crackdown shocks Condé NastiesNew York Post

Previously: Conde Nast Promotes Execs, Awards Top Publishers

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