Bitcoin: Fraud's New Best Friend

Bitcoin: Fraud's New Best Friend

"Bitcoin is the buzzword."

Jim Butterworth, CFE, and executive director of services at ManTech, explored virtual currencies, such as Bitcoin (BTC), in his session, “Bitcoin and Virtual Economies: Fraud’s New Best Friend.” In this breakout session, Butterworth explored the concept that while virtual currencies may be the future of financial technology, they’re also stepping stones to the expansion of fraud’s playground.

Read More

The Wolf of Wall Street: From the Prosecutor’s Seat

When did Jordan Belfort, “The Wolf of Wall Street,” make the majority of his money committing fraud? According to former U.S. Attorney Joel M. Cohen, Belfort’s fraudulent activities picked up dramatically in 1994, after he was charged with securities fraud and barred from brokering by the Securities and Exchange Commission (SEC).

Read More

Taking the Plunge Into the Anti-Fraud Profession

Taking the Plunge Into the Anti-Fraud Profession

How do you make a career fighting fraud? This question formed the focus of a panel discussion among key anti-fraud experts on Tuesday at the 25th Annual ACFE Fraud Conference. Introduced and moderated by Bruce Dubinsky, CFE, CPA, CVA, CFF, managing director at Duff and Phelps, LLC, the panel covered a lot of ground and answered questions from the audience about making inroads into the profession.

Read More

The Latin American Business Style: Common Risks and Challenges to Doing Business in the Region

The Latin American Business Style: Common Risks and Challenges to Doing Business in the Region

Latin America is an exotic and extensive land — full of social and political diversities. Yet, just like anywhere else, it struggles with fraud and corruption. “The Spaniards and Portuguese came to this region to conquer and take away gold and precious metal; in many ways, the culture of Latin America is still the same today,” explained Fernando Cevallos, CFE, LSS, director at PwC in Mexico City, Mexico, today in his breakout session. 

Read More