“If we can’t get justice inside of Russia, let’s get justice outside of Russia,” said human rights activist Bill Browder during his keynote address Tuesday at the 30th Annual ACFE Global Conference. Browder chronicled the events that led to him becoming an anti-corruption crusader and shared how the Global Magnitsky Act was passed in the U.S.Read More
“In this day and age, if anybody’s serious about this profession, this is a minimal requirement to stay one step ahead of a fraudster. Because things are changing so rapidly, that if you try to do your job in auditing or accounting…you’re so out of date. Unless you come to hear from the experts on emerging trends, you’re not going to be effective.” - Laura McInerney, CFE, Turn Key OfficeRead More
In October 2015, Inc. magazine featured a young, blonde woman wearing a black turtleneck on its cover. Her name was Elizabeth Holmes, the founder of a company called Theranos, and they declared she was “the next Steve Jobs.” Theranos promised to revolutionize blood testing as the world knew it — and investors couldn’t throw money into the company fast enough.Read More
Technological advancements present opportunities for both fraud perpetrators and those trying to stop them. As criminals find new ways to exploit technology to commit their schemes and target new potential victims, anti-fraud professionals must ensure they are likewise adopting new technologies that are the most effective in navigating the evolving threat landscape.Read More
Grueling. Exhausting. Exciting. Satisfying. Bastian Obermayer, the recipient of the ACFE Guardian Award, and the deputy head of the investigative unit of the Munich-based newspaper, Süddeutsche Zeitung, experienced all those emotions as he and his partner, Frederik Obermaier, reported on the Panama Papers. The documents, which an anonymous source emailed to Obermayer, contained personal financial information about wealthy individuals and public officials, and showed that they were using some shell corporations — incorporated via the Panamanian law firm Mossack Fonseca — for illegal purposes, including tax fraud, tax evasion and evading international sanctions.Read More
“The reason why I’m not in Austin now is that we had to bring down another government,” said Bastian Obermayer during the Tuesday morning session. Obermayer is a Pulitzer Prize-winning German investigative journalist with the Munich-based newspaper Süddeutsche Zeitung and the reporter who received the Panama Papers from an anonymous source. He’s the recipient of the ACFE’s Guardian Award. Obermayer continued to tell attendees about his work reporting on a former Austrian politician’s alleged collusion with a rich niece of a Russian oligarch close to Vladimir Putin.Read More
Theranos whistleblower and ACFE Sentinel Award winner. Shultz retold how he discovered the fraud at Theranos and his tense meeting with Theranos lawyers at his grandfather’s (George Shultz, Former Director of the U.S. Office of Management and Budget) home.
“As soon as my grandfather is out of earshot, my step-grandmother is actually there, and she turns to me and goes, ‘Henry Kissinger thinks it’s all fake. He thinks the box doesn’t exist,’ “ said Shultz. “And I was like, ‘Yes! Why is nobody listening to Henry Kissinger right now?!”Read More