“We’re now at a point where things are moving at a fantastic, absolute pace,” said Martin Ford, futurist and artificial intelligence expert during the 29th Annual ACFE Global Fraud Conference Monday working lunch.Read More
Closure. That’s all Kathe Swanson was looking for.
She was the city clerk of Dixon, Illinois, when in October 2011 she discovered some fishy bank statements that implicated longtime comptroller, Rita Crundwell, for embezzling from Dixon. The city fired Crundwell in April 2012. That didn’t give Swanson closure. After an FBI investigation, Crundwell was indicted for stealing $53.7 million from city coffers over two decades. No closure. Crundwell was convicted in February 2013 and sentenced to 19 years and seven months in federal prison. Still no closure.Read More
What if there was a way to narrow down a small subset of fraudsters who have access to millions, sometimes billions, of dollars? Michael Greelis and Michael Pocalyko, co-presenters at this year’s ACFE Global Fraud Conference, believe they may have found a key indicator that could help save organizations from devastating losses.Read More
You know that catastrophe you thought might slam your organization? It happened. You got the dreaded phone call in the middle of the night from your lawyers, your compliance people or (horrors!) the media that (pick one or more): 1. Employees created millions of fraudulent savings and checking accounts on behalf of clients without their consent. 2. Management was bribing officials worldwide to win lucrative contracts. 3. Executives were caught in huge money-laundering and corruption crimes.Read More
ACFE President and CEO Bruce Dorris, J.D., CFE, CPA, opened the 29th Annual ACFE Global Fraud Conference on Monday and highlighted three trends anti-fraud professionals can expect to see over the next few years: the increased usage of blockchain technology, the necessity of using data analytics and the importance of collaboration.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