Live coverage from the ACFE Global Fraud Conference, including anti-fraud articles, session highlights, video clips and photo gallery.
“I encourage each … of you to be bold, try new methods and techniques, and be willing to fail now so you can succeed later,” said Jennifer Shasky Calvery, Global Head of Financial Crime Threat Mitigation (FCTM) at the global bank, HSBC, during the opening session on Monday, June 19. The ACFE presented Calvery with The Cressey Award for a lifetime of achievement in the detection and deterrence of fraud.
Read MoreSome of the recent news stories from just this week highlight the broad range of frauds committed around the world:
We read these stories, we balk at the outlandishness and, if you are a fraud examiner, you dissect the scams and attempt to untangle the webs in hopes of learning what could have been done differently.
Read MoreWhen you think about Las Vegas, you probably think about the glitz and glamour of dazzling slot machines, beautiful people, spectacular shows, high-stakes casinos and a skyline that most would recognize immediately. What you might not think about is what happens behind the house. According to Sharon Tibbits, CFE, Executive Director, Fraud Control Group at MGM Resorts International, fraud is a concern in many areas of the casino industry. “Our fraud department is responsible for 13 different properties and about 62,000 employees,” Tibbits said at the 27th ACFE Global Fraud Conference last month in Las Vegas. “And we actually experience a lot of different types of fraud in a lot of different areas.”
Read MoreShock, anger, depression and bargaining are all victim’s reactions to fraud. When someone falls victim to fraud, there are issues that hinder healing — lack of sleep, overworking to earn money back, compulsive behavior and avoiding emotions. “Much is made of the fraudster,” said Andy Wilson, CFE, CCEP, VP Fraud & Compliance, Sedgwick, Inc. “But [the victims] are the real faces of fraud.”
Read More“Our message to those who attempt to defraud Social Security is plain: We will find you, we will prosecute you, we will seek the maximum punishment under the law, and we will fight to restore the money you have stolen from the American people,” says the acting commissioner of the U.S. Social Security Administration (SSA), Carolyn W. Colvin, during the Tuesday morning General Session.
Read MoreLatin America is an exotic and extensive land — full of social and political diversities. Yet, just like anywhere else, it struggles with fraud and corruption. “The Spaniards and Portuguese came to this region to conquer and take away gold and precious metal; in many ways, the culture of Latin America is still the same today,” explained Fernando Cevallos, CFE, LSS, director at PwC in Mexico City, Mexico, today in his breakout session.
Read MoreWe live — and work — in an age of mobile technology. Most of us do not think twice about taking our cell phone or tablet with us to the office, and perhaps using it to access documents on the server or other company information. And most employers still don’t think twice about those devices being on the premises, and being used by employees for both personal and business uses.
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