Live coverage from the ACFE Global Fraud Conference, including anti-fraud articles, session highlights, video clips and photo gallery.
The contrition of convicted fraudsters* who speak to attendees at the end of each ACFE Global Fraud Conference ranges widely. Some are desperately sorry and others are still rationalizing. Former bank executive James Scalzo, who went to prison for bank loan frauds totaling $1.4 million, seemed to want to convince attendees of the full repentance of his crimes.
Read MoreAlex is a college student who makes great grades, is active in his college fraternity and has excellent health-care coverage. One day, Alex gives his insurance card to a friend in his fraternity house because his friend broke his arm in an intramural basketball game, but doesn’t have health insurance.
Read MoreDuring Wednesday morning's closing session, convicted fraudster* James Scalzo explained how he believes that when people get to a certain level of authority in the banking industry, they have the tendency to use their influence to push deals through to make their numbers look better and their commissions larger.
Read MoreDuring Tuesday morning's General Session, Eugene Soltes broke down the psychology of white-collar criminals. "The victims in most frauds are both psychologically and physically distant," he said.
Read MoreGuardian Award winner and investigative journalist Andrew Jennings thanks attendees for his award from his home in Scotland via Skype. Jennings has worked over the past 20 years to expose corruption within FIFA, the International Olympic Committee and other international organizations.
Read MoreAndrew Price and Lisa Chafin’s breakout session, “Building the Perfect Investigations Team to Find, Eliminate and Remediate Misconduct” kicked off with a two-minute therapy session. Price requested that those in the room turn to their neighbor and share a few pain points they’ve encountered when working on an investigative team. As the room grew louder and as voices grew more animated, Price commented, “It sounds like we’ve got a lot of pain in this room.”
After hearing some of the points — unclear objectives, misaligned priorities, personal conflict — Price and Chafin outlined five key elements of an effective cross-functional investigations team.
Read More“There are no hackers; there are only spies,” cybersecurity expert Eric O’Neill told attendees at the Tuesday Working Lunch.
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