Grigory Rodchenkov is not your typical whistleblower. In fact, some would even argue he shouldn’t be called one. He does not fit the description of a sentinel and will most likely not be winning awards for his efforts like Michael Woodford at Olympus or Sherron Watkins at Enron. For years, he chose country over truth; self over truth; maybe even survival over truth. But, in the end, with the help of filmmaker and writer Bryan Fogel, he chose truth over all of those things and did something remarkable.Read More
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.Read More
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.Read More
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.Read More
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.Read More
Relax. If you’re a fraud examiner, machine learning probably won’t eliminate your job. Probably. “In terms of your own career, the best advice I can give is to avoid doing something that’s routine and repetitive; you want to be good at something that involves engaging other people or something that involves creativity,” said Martin Ford, the Monday lunch keynoter. Ford is a futurist and author of The New York Times best-seller “Rise of the Robots: Technology and the Threat of a Jobless Future.”Read More
Earlier this year I read a short article in Barron’s about why we should all care about Tim Duncan’s fraud case. I know I care because I am a devout San Antonio Spurs fan and love Timmy about as much as I love Pete Sampras. Which, trust me, is a lot.
The fraud may not have even been discovered if not for Duncan's divorce in 2013.Read More