Live coverage from the ACFE Global Fraud Conference, including anti-fraud articles, session highlights, video clips and photo gallery.
"I was deeply wounded when I found out that ACORN was not living up to its mission,” said ACORN 8 whistleblower Marcel Reid in her Tuesday morning keynote address at the 32nd Annual ACFE Global Fraud Conference. "And I was more deeply wounded when I found out that D.C. ACORN, along with national ACORN, had been misusing funds."
Read MoreWhen you think of a fortune teller, you may picture an older woman with a scarf on her head hunched over a crystal ball or a man sporting impressive facial hair and lots of rings shuffling a deck of tarot cards. Regardless of how you picture this hypothetical fortune teller, you likely are already judging them through a skeptical lens. Fraud examiners tend to be skeptical by nature, and people who read palms, purport to talk to dead family members or promise any sort of glimpse into the future seem to promise the impossible. However, the way that fortune tellers use cold readings in their practices can have many similarities to how anti-fraud professionals approach fraud risk assessments.
In his session, “Fraud Precognition: Crystal Balls, Tarot Cards, and Other Risk Management Tools,” at the 32nd Annual ACFE Global Fraud Conference, Jack Healey, CFE, CPA/CFF, compared some fortune telling techniques to common pitfalls in fraud risk assessment. Healey, the CEO of Bear Hill Advisory Group, told attendees that when approaching fraud risks, they need to ask themselves, “Am I any better than a fortune teller?”
Read More"Instead of suspending the people involved, they had been promoted. Nothing had happened,” said investigative journalist for the Financial Times Dan McCrum in his Monday afternoon keynote address at the 32nd Annual ACFE Global Fraud Conference. "I knew this was a big break. For the first time we could really see inside the company. This is what you have to have to break these sorts of stories."
Read MoreThe COVID-19 pandemic threw the entire world into chaos, and as fraud examiners know, chaos creates opportunities for fraudsters. While individuals, companies and governments scrambled to stay safe, bad actors jumped at the opportunity to make a quick buck off the confusion and fear that permeated the global environment. This was especially true in an industry that became the central focus for many people — health care.
“The good news is you will always have job security,” Rebecca Busch, CFE, told attendees at the 32nd Annual ACFE Global Fraud Conference. Busch, who is the CEO of Medical Business Associates, Inc., dove into some of the fraud schemes health care professionals saw during the pandemic in her session, “Health Care Fraud in the Time of COVID-19: Current Trends and New Risks.”
Read More“You need a culture of encouraging people to do the right thing, and also encourage people to admit mistakes when they’ve made mistakes and give them an opportunity to rehabilitate themselves,” said former public protector of South Africa and professor for Stellenbosch University Thuli Madonsela in her Monday morning keynote address at the 32nd Annual ACFE Global Fraud Conference. “As fraud examiners, I think our work should include helping people to fix the system.”
Read MoreEvery year, the Association of Certified Fraud Examiners recognizes exceptional individuals for their contributions to the fight against fraud. These professionals provide an inspiration to others, and we are proud to honor them for their service.
Read MoreAs fraudsters and their schemes continue to evolve, it is imperative for anti-fraud professionals to invest in the future. Fraud examiners must draw from the work of those innovating and testing new tools, methods and ideas. It is also necessary to support the next generation of fraud fighters.
The ACFE Foundation was established to increase the body of anti-fraud knowledge and support future anti-fraud professionals worldwide through the funding of scholarships, endowments, research and other educational projects. The ACFE Foundation works to encourage students to pursue careers in fraud examination and provide resources for research on the detection and deterrence of fraud.
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