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
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
In 1992, Joanna Gualtieri joined the Foreign Affairs department of the government as a realty strategist and was quickly sent to Tokyo. While there, she learned that Canada's main diplomatic compound was valued at more than $2 billion. She also discovered that taxpayers were paying $350,000 a year to rent accommodations for a trade official in Tokyo while a government-owned mansion worth $18 million sat empty for more than three years.Read More
Dennis Gentilin, NAB whistleblower, author of The Origins of Ethical Failures: Lessons for Leaders and Founding Director of Human Systems Advisory will be joined by Kate McClymont, an investigative journalist, among others to address hundreds of anti-fraud professionals in Sydney this autumn at the 2018 ACFE Fraud Conference Asia-Pacific. The conference will be held 23-25 September at the Sheraton on the Park.
Bastian Obermayer’s life changed a few years ago when he received more than 11 million documents from an anonymous source. The collection of documents would later be known as The Panama Papers.
Obermayer, deputy head of the investigative unit of the Munich-based Süddeutsche Zeitung, took attendees at the 2018 ACFE Fraud Conference Europe through the story of how more than 200 investigative journalists in 70 countries helped wade through the 2.6 TB of data he was given. In his address to the hundreds of fraud fighters in attendance, Obermayer stressed not only how large the undertaking was, but how important it was for the journalists to work together.Read More
The 2016 ACFE Report to the Nations on Occupational Fraud and Abuse showed fraud incidents in Canada were most commonly detected through tips from whistleblowers. This comes as no surprise to Heidi Franken, Chief of the OSC’s Office of the Whistleblower and Deputy Director of Enforcement. “Whistleblowers are a key ally in the fight against wrongdoing, and companies should take measures to encourage individuals to come forward without fear of reprisal,” said Franken. “The sooner misconduct is detected, the sooner we can take action to protect investors and our capital markets.”Read More
Dr. Sam Foote, the whistleblower who brought the U.S. Veteran Affairs (VA) scandal to light in 2014, was awarded the ACFE Sentinel Award during Monday's working lunch. One of the questions Dr. Foote asked the U.S. members of Congress, was, "How can you possibly say that this man's death was not a result of a delay in care?" when speaking up about delayed wait times for veterans. For choosing truth over self, Dr. Sam Foote was and is a true anti-fraud hero.Read More