Keynote Speaker: Andrew Fastow

Keynote Speaker: Andrew Fastow

Convicted fraudster Andrew Fastow said he knew he was doing wrong but didn’t think at the time he was breaking any rules as Enron’s CFO. “I was prosecuted for not following specific rules in the financings,” Fastow said during the closing session. “I don’t think that’s the important reason why I’m guilty. I think I’m guilty and most egregiously guilty [by] engaging in transactions that caused a misrepresentation … to appear different to the outside world. …"

 

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Interviewing Fraudsters: Don’t Hold Yourself Back

Learning from past mistakes is part of growing as an investigator. When it comes to interviewing, it is important that fraud examiners don’t hold themselves back for fear of asking the wrong questions or making other miscues. Too much restraint could leave questions unasked, and stones unturned, to the detriment of the investigation.

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Exploiting Internet and Social Network Intelligence to Enhance Investigations

Cynthia Navarro began her Tuesday afternoon session with the preface, “This is going to be work-related and personal. You will be able to use these tools in every part of your life.” She was referring to her session detailing how anti-fraud professionals can use information found on the Internet to find out more than you ever wanted to know about a person in question.

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Silver-Tongued Devils

Silver-Tongued Devils

What does a fraudster look like? People often ask Martin Biegelman, CFE, CCEP, that very question. His answer? “The faces of fraud are everywhere.” David Greenburg was a famous police detective, a hero in the New York Police Department in the late 1960s and early ‘70s. Remember the TV show “Starsky and Hutch”? It was based on Greenburg and his partner. Turns out he was conducting insurance fraud and later served four years in jail.

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Lehman Brothers: Accounting Left to Interpretation

Lehman Brothers: a name synonymous with bankruptcy and the worst financial crisis since The Great Depression. Founded in 1850 as a small cotton trading business by a German immigrant and his two brothers, Lehman grew into one of the largest investment banks on Wall Street. Its reputation, however, far exceeded what hid behind a dark veil of altered quarterly and annual filings. As Bruce Dubinsky, CFE, CPA, CVA, Managing Director of Duff and Phelps, LLC, and ACFE Regent, conveyed today, “It’s not about what you can actually see on the page; it’s about what’s not there.”

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Keynote Speaker: Preet Bharara

Keynote Speaker: Preet Bharara

“The lesson in history in general and in corporate scandals specifically is that you can’t simply legislate a culture of integrity,” said Preet Bharara, the U.S Attorney for the Southern District of New York, during the Monday working lunch. “You cannot will it into existence by simply wishing for it, nor can you instill it in the workplace where even the best drafted compliance policy or the most thoughtful statutory regime or the best fraud examiners around.”

 

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Keynote Speaker: Allan Dodds Frank

Keynote Speaker: Allan Dodds Frank

 “While … [ACFE] members may not exactly be soul brothers and sisters of investigative reporters, we are at least first and second cousins,” said Allan Dodds Frank, one of the nation’s top business investigative correspondents, during the opening Monday session. “Over the years, I have been lucky enough to meet and work with many fraud investigators, and I can safely say we share some attributes, perhaps most notably that making money is far from our only motivation.”

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Developing an Ethics Hotline in Three Critical Stages

Developing an Ethics Hotline in Three Critical Stages

The most common detection method for fraud is a tip, according to the ACFE’s 2012 Report to the Nations on Occupational Fraud & Abuse. Other methods don't even come close – more cases are detected through tips than the next four detection methods combined, which included management review and internal audit.

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Pre-Conference Session: Taking Data Analytics to the Next Level

Pre-Conference Session: Taking Data Analytics to the Next Level

The term “big data” has changed the way accountants, auditors and fraud examiners look at what used to be rows and rows of Excel spreadsheets, or — before that — what used to be pages and pages of handwritten company ledgers. When we say “big data,” we are not referring to data that is trendy or hot; there aren’t groups of data sets cruising around the web or in our email wearing skinny jeans and tight v-necks. The term “big” describes the vast amount of information lying in the structured and unstructured data every business produces.

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The ACFE Career Connection: More Than Just a Job Fair

The ACFE Career Connection: More Than Just a Job Fair

Whether you are looking for a new job, pondering a career change or want to take your career to the next level, the Career Connection (located in the Exhibit Hall) at the upcoming ACFE Global Fraud Conference has the resources you need to accomplish your objectives. Connect with recruiting representatives from leading organizations, gain helpful tips and techniques from experienced career strategists and résumé experts, and get the inside track on how to get ahead in your career by attending professional development presentations.

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