It Takes a Village: Educating the Community on Fraud Prevention

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It Takes a Village: Educating the Community on Fraud Prevention

You’ve heard the phrase “it takes a village.” Well, it takes a village to effectively fight fraud, and this sentiment was echoed during the “Building a Community-Oriented Fraud Strategy” virtual session at the 33rd Annual ACFE Global Fraud Conference. Philip Swan, CFE, FCLA, FRM is Fraud Manager at Gate City Bank headquartered in Fargo, ND. He has executed several anti-fraud educational programs for different groups of people around his community.

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Heard in the Halls: Many Facets of Fraud

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Heard in the Halls: Many Facets of Fraud

“This is my fourth year, it’s great to be back in person and see everyone. My coworkers are here with me who I haven’t seen in two years! I thought the session about having an independent monitor [5B: Making Lemonade from Lemons: How to Benefit from the Imposition of a Monitor] was a really informative session, it matches up really well with my work as fraud investigator. I’m also going to be presenting Wednesday [SS22: How to Eliminate Uncertainty in Your Audits and Investigations], it’s going to go over some fundamental building blocks of a solid audit.” — John Clabaugh, CFE, Investigative Consultant, Liberty Forensic Advisors

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The Cases of the Medicated Footbaths and Unnecessary COVID-19 Lab Work: A Look at Health Care FWA

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The Cases of the Medicated Footbaths and Unnecessary COVID-19 Lab Work: A Look at Health Care FWA

Two members of the Healthcare Fraud Prevention Partnership (HFPP) were on hand at the 33rd Annual ACFE Global Fraud Conference to present two case studies on fraud, waste and abuse (FWA) in the health care field. In their session, “Health Care: The Power of Leveraging Data Analytics to Identify Fraud, Waste and Abuse,” Richard Haines and Jacob Gray showed how data analytics helped find two instances of fraud which involved health care providers billing for so-called medicated footbaths and for unnecessary additional lab work related to COVID-19 cases.

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The Power of the Small: A Conversation with Wirecard Whistleblower Pav Gill

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The Power of the Small: A Conversation with Wirecard Whistleblower Pav Gill

Taking the first step to becoming a whistleblower is a daunting task, and Pav Gill did so reluctantly. But the soft-spoken lawyer who famously brought down the once-revered German payments firm Wirecard has some inspirational words for those individuals who feel helpless in the face of enormous frauds and the powerful players who perpetrate them.

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Passwords Are Not Enough: Biometrics for Better Account Protection

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Passwords Are Not Enough: Biometrics for Better Account Protection

Samantha Weeks, CFE, kicked off her session at the 33rd Annual ACFE Global Fraud Conference with a stark warning to fraud fighters. “If you have not already been greatly impacted by account takeover fraud in your organization, you should be very concerned that you haven’t seen it yet. because it is happening,” said Weeks, the fraud project manager for financial technology company Chime.

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Michael Lewis: Complexity, Fraud and Listening to Contrarians

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Michael Lewis: Complexity, Fraud and Listening to Contrarians

Michael Lewis isn’t a fraud examiner. But as a journalist and author who has written multiple books about financial shenanigans on Wall Street, he has important insights into the nasty underbelly of markets and how fraudsters can thrive there. The latest market selloff could be a good case in point as investors look for guidance amid concerns over rising inflation and the potential for a recession.

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Cash Isn’t King: Alternative Payment Systems Are Shaking up the Banking Industry

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Cash Isn’t King: Alternative Payment Systems Are Shaking up the Banking Industry

For years, we’ve operated off and relied on the traditional finance system our parents used — a complex web connecting a central bank system through multiple sources to finally get to the end party (being you or whoever you are paying). Inside that network, the U.S. banking and payment system is even more complex, with bureaus inside of departments, and oversight from the federal and state governments.

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