When the Fraud Victim Becomes a Fraud Enabler

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When the Fraud Victim Becomes a Fraud Enabler

When starting out in the anti-fraud field, it may be common to view things as black and white; there is the fraudster, who is bad and deserves to be punished, and the victim, who is innocent and deserves to have their losses recouped. However, as many veteran fraud examiners know, things are rarely that clear cut. In her session “Encounters with a Sociopath: The Saga of a Million-Dollar Fraud” at the 29th Annual ACFE Global Fraud Conference, Ginny Tate, CFE, CIRA, EA, took attendees through the wild story of a fraud where the line between victim and enabler was blurred.

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Hall of Fame Award Winner James D. Ratley, ACFE President Emeritus

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Hall of Fame Award Winner James D. Ratley, ACFE President Emeritus

“I can only imagine what this association is going to look like in another 30 years,” said James D. Ratley, CFE, ACFE President Emeritus, during the Monday Opening Session as he remembered the beginnings of the ACFE and how far the profession has come. Ratley accepted the ACFE Hall of Fame Award in what will be his last ACFE Global Fraud Conference.

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Journalist Speaks On Exposing the 'Heist of a Century'

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Journalist Speaks On Exposing the 'Heist of a Century'

Although she lives in London, Clare Rewcastle Brown knows all too much about Las Vegas, Nevada. She’s not a professional poker player or an Elvis impersonator aficionado — for the past few years she has been reporting on the lavish parties thrown by a Malaysian financier using money earmarked for much-needed infrastructure in the southeastern Asian country.

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Muddy Money: The Dirty Truth About Political Corruption

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Muddy Money: The Dirty Truth About Political Corruption

Corrupt politicians are a common trope in society, but what's more uncommon is how to spot the red flags of shady dealings. In "Targeting the Proceeds of Political Corruption," Michael Schidlow, CFE, CAMS-Audit, head of financial crime risk training and emerging risk advisory at HSBC Bank, took attendees on a ride through the world of political corruption combining pop culture references with infamous real-world examples involving names like Gaddafi and Putin. 

Schidlow clearly conveyed the message that political corruption is a massive problem with a wide range of consequences that affect everyone in the world.

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How Would You Steal $10,000 from Your Organization?

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How Would You Steal $10,000 from Your Organization?

Fraud fighters rarely break the rules. They are meticulous, focused and hold themselves to a high ethical standard while ferreting out wrong-doers. However, Steve Morang, CFE, CCEP, CIA, senior manager at Frank Rimerman & Co LLP, argued that sometimes holding yourself and your thoughts to a too-strict ethical framework can backfire against realistic fraud prevention.

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