Podcasts about fraud magazine

In this episode of Fraud Talk, John Warren, CEO of the ACFE, and Jennifer Liebman, Editor-in-Chief of Fraud Magazine, delve into some of 2024's most scandalous fraud cases. From Boeing's guilty plea tied to deadly aviation crashes to Vietnam's sentencing of a real estate tycoon to death for embezzlement, they explore the global implications of these high-profile frauds. Tune in to understand the evolving nature of fraud, including the role of AI and platforms like TikTok in modern schemes, and uncover critical lessons for prevention and compliance.

In this special edition of Fraud Talk, we focus on the ACFE's annual round-up featured in Fraud Magazine, a highlight anticipated by many in the industry. This year, we offer you an exclusive behind-the-scenes glimpse into the process of selecting the top five most scandalous frauds of 2023. Join John Warren, CEO of the ACFE, and Jennifer Liebman, Assistant Editor of Fraud Magazine, as they meticulously unravel each case, providing an in-depth analysis and insight into the complexities and implications of these notable frauds

The National Health Care Anti-Fraud Association (NHCAA) estimates conservatively that healthcare fraud costs the U.S. approximately $68 billion annually. Why is there so much fraud and abuse with insurance claims and why has this problem gone on so long? In this month's episode of Fraud Talk, Paul Kilby, Editor in Chief of Fraud Magazine, discusses the role of artificial intelligence (AI) in combatting healthcare fraud with Theja Birur, Chief Technology Officer and founder of 4L Data Intelligence. 

"We've been trying to reach you about your car's extended warranty" is an all-too-common robocall scam aiming to bilk victims out of their money. Alex Quilici, CEO of YouMail, discusses the intricacies of robocalls, what differentiates beneficial robocalls from scams and the regulations that both aid and obstruct the fight against these schemes with Jennifer Lieberman, assistant editor of Fraud Magazine, in the latest episode of Fraud Talk.

Vince Walden is the CEO of Kona AI and is passionate about forensic data analytics and building leading, AI-driven compliance technology & anti-fraud/anti-corruption monitoring solutions. Vince won the Certified Fraud Examiner of the Year in 2022. He is a former Partner of Ernst and Young and an Adjunct Professor at Fordham Law School. Vince is a regular columnist in Fraud Magazine writing on innovation in anti-fraud. He is an author, podcast host and a former President of the ACFE Education and Research Foundation.

In episode 1 Jonathan Wright tells the story of Enron and takes a trip to Vietnam to ask what Enron's disgraced CFO, and Jonathan, can learn from the spirit of the cheater.   Sources Lauren Muskett, "First Person: Andy Fastow and Me", CFO Magazine, https://www.cfo.com/corporate-finance/2019/04/first-person-andy-fastow-and-me/ Sharron Watkins, "The corporate conscience", The Guardian, https://www.theguardian.com/business/2003/jun/21/corporatefraud.enron Emily Primeaux, "Numbers manipulator describes Enron's descent", Fraud Magazine, https://www.fraud-magazine.com/article.aspx?id=4294991880 

Michael “Bret” Hood spent 25 years as an FBI Special Agent investigating complex cases while specializing in financial crimes, corruption, and money laundering violations. Upon his retirement in 2016, Bret opened 21st Century Learning & Consulting, LLC, a training and consulting business designed to help prevent people from making the mistakes that first lead them down the slippery slope. Bret was recruited to become an Association of Certified Fraud Examiners faculty member and was awarded the ACFE's James R. Baker Speaker of the Year award in 2020. Bret was named the top-rated speaker at both the ACFE's Global Fraud Conference as well as the Institute of Internal Auditor's Global conference. In addition, Bret also serves as an adjunct professor of forensic accounting for Mt. St. Mary's University and an adjunct professor of corporate governance and ethics for the University of Virginia. Bret has previously served as an adjunct professor of forensic accounting for the University of Virginia and Florida Gulf Coast University. Bret is also part of the Forensic Accounting Advisory Council at Mt. St. Mary's University.Some of the top public and private entities in the world have sought out Bret to assist them in creating, adapting, and modifying anti-fraud, anti-corruption, and anti-money laundering programs in order to interweave the latest behavioral and neuroscience research into their prevention programs. Bret continues to publish articles on best practices in Fraud Magazine, Compliance and Ethics Professional magazine, ACAMS Today, National Mortgage Professional Magazine, and Law Enforcement Bulletin. 

Dr. Brody is a former regent for the ACFE and is also on the Fraud Magazine editorial panel.  His background in the behavioral side of fraud is aligned with my work in fraud.  I love the fact in his fraud class it is all about behavior and not so much numbers. That is a class I can definitely get an A in even though I love Pivot tables.  I look forward to to his new paper and will let you know when it is published.  Meanwhile take a look at his website and LinkedIn page to get even  more information.  

As Jay returns from an extended road trip, he and Tom look forward to an extended Labor Day weekend and are back to look at some of this week's top compliance and ethics stories which caught their interest on This Week in FCPA in the Labor Day edition.  Stories 1.     Is ESG on your radar? Vince Walden, Rich Goode and Steve Speigelhalter in Fraud Magazine. 2.     The intersection of business and compliance. Mike Volkov in Corruption Crime and Compliance. 3.     China to set world standard for data privacy? Aaron Nicodemus in Compliance Week (sub req'd) 4.     Is Covid-19 the biggest challenge to compliance ever? Calvin Gordon in CCI.  5.     UK signals different approach on data transfer from EU. Aaron Nicodemus in Compliance Week (sub req'd) 6.     3 compliance officers get SEC whistleblower award. Matt Kelly in Radical Compliance.  7.     Email break-ins sanctionable. Dylan Tokar in WSJ Risk & Compliance Journal.  8.     ISO 37002 and EU Whistleblower standard. Kelly Maxwell in Convercent by One Trust blog. 9.     Trial of the Century in Mozambique, Part 2. Rick Messick in GAB. 10.  Diversity training that fosters acceptance and collaboration.  ComplianceLine blog. Podcasts and Events 11.  On Innovation in Compliance this week I interviewed Ethisphere's Erica Salmon Byrne and Doug Allen on the opening of submissions to the World's Most Ethical 2022 awards. You can listen to the pod here. You can find out more about the submission process here.  12.  On The Compliance Life, in August I visited with Kortney Nordrum CCO at Deluxe. In Episode 1, from Red Wing to Israel. In Episode 2, From Freddie Mac to the law. In Episode 3, how Kortney found her professional passion – Compliance. In Episode 4, Kortney moves into the CCO chair.  13.  Breaking News features The Compliance Handbook, 2nd edition. Check out the Breaking News feature here. Purchase The Compliance Handbook, 2nd edition here.  14.  Join K2 Integrity September 15 for a round-table discussion as we reflect on the 20th Anniversary of September 11 and consider its impact on countering terrorist financing and illicit financing, and the continuing risks to national security. The roundtable will include members of the team that spearheaded the post-9/11 counter illicit finance regime: Juan Zarate, Chip Poncy, Danny McGlynn, moderated by Dr. Michele L. Malvesti. Information and Registration here.    15.  The week of 9/11, Tom will run a 6-part special podcast series on Looking Back on 9/11. In this series he will visit with professionals from a variety of compliance perspectives who will discuss how 9/11 changed our profession, including three who were in NYC during the attacks. Check it out on the Compliance Podcast Network.  Tom Fox is the Voice of Compliance and can be reached at tfox@tfoxlaw.com. Jay Rosen is Mr. Monitor and can be reached at jrosen@affiliatedmonitors.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week's episode of the Investigation Game, Leah talks with Rick Roybal about an article he recently wrote for the ACFE's Fraud Magazine, "Keys to the Kingdom: Oil field Fraud." As well as a discussion on what Roybal has seen in his career as a fraud examiner in the Oil and Gas Industry. Join us now to learn about how companies can avoid vendor fraud.Vendor-Risk Management “activist”, author, and speaker, Rick Roybal has worked in the oil and gas industry for over 15 years. His early career in technical writing fostered a desire for organizational policy and procedural development. Today, Rick is a project manager for Martindale Consultants. Rick's experience in vendor due diligence and compliance gives Martindale a front-seat view of the risks inherent in their clients' vendor management process. Rick also serves as the President and Chair of the Vendor Roundtable. Rick has earned three degrees: B.A. Russian, M.A. Linguistics, and M.B.A. Finance & Accounting. Rick is a Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA).Connect with Rick:https://www.fraud-magazine.com/article.aspx?id=4295012588www.vendorroundtable.comLinkedIn Profile (link to profile): https://www.linkedin.com/in/rick-roybal-cfe-cisa-2437752/Subscribe to Workman Forensics: http://bit.ly/2Qrna20​​LIKE us on Facebook: http://bit.ly/2K73yiN​​FOLLOW us on Twitter: http://bit.ly/2WoRQ9N​​FOLLOW us on Instagram: http://bit.ly/2W9rf0Z​​FOLLOW us on LinkedIn: http://bit.ly/2I3iH1X

ON THIS EPISODE OF PI MAGAZINE-THE PODCAST JIM & NIC SPEAK W/ ANTHONY LUIZZO & JOHN GASPAR ABOUT INTERVIEWING AS A PI. WE SPEAK ABOUT INTERVIEW CONSIDERATIONS, DIFFICULTIES & STRATEGIES ENCOUNTERED BY TODAYS PI’S. IF YOU CONDUCT INTERVIEWS- DON’T MISS THESE EXPERTS ADVICE! Anthony Luizzo is a member of the board of advisors of Vault Verify, LLC. which is a cloud-based technology platform to automate the process of completing verifications of income and employment.  Anthony is retired NYPD officer, a certified fraud examiner, certified security trainer, and a licensed private investigator in New York State.   He has authored over 125 publications and is the co-author of Fraud Auditing: A Complete Guide a forensic accounting investigative workbook. Anthony is President emeritus of the New York Chapter Certified Fraud Examiners, and past president of the Society of Professional Investigators and contributor to PI MAGAZINE. John Gaspar is a retired NYPD Major Case Squad Detective and Owner of All Florida Investigation & Forensic Service Inc. a licensed PI company based in Florida.  John is also 3rd Vice President Florida Association of Private Investigators (FAPI) Past President of the Society of Professional Investigators (SPI), He has written curriculum for the NYPD, Keiser University,  Daytona State College on Criminal & Crime Scene Investigations.  John has written for Fraud Magazine and has Co-Authored with Anthony Luizzo on many articles in PI Magazine on Interview and Interrogation,  Featured on Montel William, 48 Hours to name just a couple of tv shows.   ANTHONY LUIZZO, PhD, CFE, CST,(Ret, NYPD)Member: Board of AdvisorsVault Verify, LLC1597 Industrial Drive New Smyrna Beach, FL 32168Cell: (718( 702-0569Email: anthony@vaultverify.comWeb: www.vaultverify.com JOHN GASPAR, B.S., M.S., C.F.E., C.S.T (Ret, NYPD)www.afipi.com    jgaspar@afipi.com1-888-697-3478 PI Magazine Social Media Pageshttps://twitter.com/PImagazineUSA https://www.linkedin.com/company/pi-magazine-inc-/about/https://www.facebook.com/PIMAGAZINEUSA/podcast@pimagazine.com James NanosJames@pimagazine.com Nicole CusanelliNicole@pimagazine.com 

This month's podcast is the ACFE's latest Facebook Live recording during which ACFE President and CEO Bruce Dorris, J.D., CFE, CPA, ACFE Communications Manager Mandy Moody, CFE, and ACFE Senior Research Editor Mason Wilder, CFE, unveiled the five most scandalous fraud schemes of 2020. The article is available now on Fraud-Magazine.com.

Scam emails playing on COVID-19 concerns to steal charitable donations, relief payments, or your credentials: they're happening, and are simply the most recent example in the long history of what are called "disaster scams." Join Charlie and Michael for a discussion of a famous recent example, how to spot a scam, how to protect yourself against it, and how and where to report them to law enforcement. Show links: Hurricane Katrina fake relief scam: Fraud Magazine and Insurance Journal National Center for Disaster Fraud Johns Hopkins University COVID-19 map Area1 webinar on COVID-19 scam emails safecomputing.unc.edu  

This month's podcast is December’s Facebook Live recording during which ACFE President and CEO Bruce Dorris, J.D., CFE, CPA, and Fraud Magazine Associate Editor Emily Primeaux, CFE, unveiled the most scandalous fraud schemes of the year. The article is available now on Fraud-Magazine.com.

In this episode I visit with Parth Chanda, CEO of Lextegrity, a leading technology platform that combines the up-front due diligence approval of planned third-party spend with the analysis of actual spend — focused on fraud, corruption and conflicts of interest. Some of the highlights include: ·       Professional background for Chanda, with nearly 20 years in compliance.·       Some of the problems the Lextegrity Integrity platform is addressing with for compliance professionals?  ·       What traditional challenges do CCO’s face when they try to deploy compliance monitoring solutions? They include:a.     Employees lacking sufficient tools to assess risk and take ownership of their own compliance.b.     Complex reports or analytics for the business users not user-friendly or intuitive.c.      Too few legal, compliance, IT and anti-fraud resources to support the business or continuous monitoring efforts.d.     Disorganized and disparate data stores.e.     Risks managed in multiple systems that don’t “talk to each other” or require duplicate entry or manual data input processes.f.      Not having real-time analytics, reporting or monitoring, which leads to missed anomalies and patterns.·       In September’s FRAUD Magazine innovation column authored by Vincent Walden he quoted you for the following, “Avoiding professional biases in your fraud risk management program”.  How does the Lextegrity platform help avoid bias and integrating typical compliance functions with traditional internal audit functions?·       How does the Lextegrity platform integrate both pre-approvals and monitoring?  What are the benefits to that as compared to what’s in the market?·       What’s the benefits to General Counsels and heads of investigations from the platform and about how the machine learning aspects help companies be more strategic and effective? ·       What advice do you have for CCOs and General Counsels when they are evaluating the use of data analytics into their compliance program?·       Where can listeners go for more information? ResourcesParth ChandaLextegrity websiteArticle “Avoiding Bias in Your Fraud Management Program” by Vince Walden in September/October issue of Fraud Magazine Learn more about your ad choices. Visit megaphone.fm/adchoices

As the fraud risk landscape changes, how do you adapt? Today, we have Vince Walden and Matt Galvin. Vince is a Partner with Ernst & Young’s Forensic and Integrity Services Practice, and Matt is the Global Vice President of Ethics & Compliance at Anheuser-Busch InBev. We’re talking about an article Vince has co-authored in Fraud Magazine entitled: Accelerating Anti-Fraud Innovation, as well as innovations that Matt has put forward in his compliance program. What are some of the key reasons for the success of an innovation project in the anti-fraud arena? It’s about measuring compliance effectiveness and finding ways to keep compliance fun, interactive, and top of mind for employees. Putting systems in place so you can see measurable improvements in the quality of transactional data moving through a system is what’s driving a lot of the innovation in compliance. People are beginning to really understand the technologies available to them. What are some of the key reasons for the failure of an innovation project in either the fraud or compliance arena? Spiffy technology alone doesn’t innovate. When a business isn’t involved and it’s not a collaborative exercise, it’s harder to get a lot of adoption. Many think of it as an IT project as opposed to a business domain project, and expect the IT people to come up with the business questions and interpret the results. The compliance function itself is a risk function, and risk functions don’t necessarily lead themselves to innovation. It’s hard to marry the mindset of trial and error and root cause analysis to innovate in a space where you’re always thinking about the risk. How can natural language learning help with improving the quality of data? Nobody is going to input perfect data, because data entry, by definition, is boring. Natural language processing will have the ability to take and aggregate data that is unstructured, instead of humans having to force structure onto the data. Technology catching up with the imperfections of humanity will accelerate the pace of change. What is the innovation funnel? Ideate. The brainstorming phase where anything and everything can be put on the table.Evaluate. A formal committee narrows down and focuses the opportunities.Accelerate. A few projects are chosen and pilots and feasibility studies are put in place.Incubate. 2-3-week sprints are developed to quickly determine if the idea works.Iterate. Ideas are made ready to become new products and move to production systems. The collaborative nature of innovation If you were to take a look at compliance, what is it: systems and processes? Or can we look at it as encouraging better outcomes and business decisions? It’s the best way to drive better outcomes and decisions than to give people stronger information and make that information transparent to multiple stakeholders. That way, everyone is driving compliance. Resources Vince Walden | Matt Galvin | Accelerating Anti-Fraud Innovation (Fraud Magazine) | You can’t monitor what you can’t measure (Fraud Magazine) | Designing a compliance program at AB InBev (Harvard Business Review) | Why compliance programs fail — and how to fix them (Harvard Business Review) Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s guests are Jon Feig and Andy Reisman, who both work in the Integrity section of Ernst & Young. They are part of a group that published an article in Fraud Magazine entitled: What's your integrity agenda? Bridge the gap between intentions and behavior, which was an astounding piece in the area of innovation and compliance. What is integrity in an organization? Why do companies need to confront integrity risks directly? Andy defines integrity around actions: bridging the gap between the promises a company makes to act ethically, and its actual behavior to the stated promises. The main question is: “Are we doing what we said that we would do?” What is the issue of compliance? It’s both an art and a science. There are policies, systems, programs, and processes that control the integrity agenda. And these have to relate to helping leaders face issues and not shy away from tough questions and establishing compliance officers as trusted advisors. These pieces sit together as four interrelated elements of the integrity agenda. The four elements of the integrity agenda‘Governance’ is where it starts. It makes sure that integrity function design is present, roles and responsibilities are outlined, and that there exists a proper vision mission to ethical obligations. Jon goes into more detail about what questions the ‘Governance’ element answers to ensure the business is accountable. ‘Culture’ asks: do you have open and transparent communication? Does the organization feel protected? People should feel like they can talk to management about things that may be wrong or that they don’t like. Research shows that people want to do the right thing, and the culture needs to support that.‘Controls and Procedures’ covers things like third-party due diligence and management, identifying what characteristics may come forward through technology-enhanced procedures and data analytics about performance, and making sure there’s continuous improvement of controls. ‘Insights’ is a broad category, but its main question is: “Where is it that we’re trying to go and how can we find insights from whatever data exists?” It looks at the data from the above three categories and tries to prevent and detect problems. Jon digs deeper into the different questions and problems clients face, and how insights might help them uncover the answers and understand what’s possible. Final thoughts:Andy shares that the anti-fraud professional (whether a fraud examiner, an auditor, or a compliance professional) has made a commitment. They care not only about the losses to the company, but about ethical lapses that could corrode the culture of the company and undermine it. They understand the purpose of protecting the company, keeping it on course, separating those who are truly bad apples, guiding people who may be under conflicting partners, and empowering people. Jon leaves us with the compliance dilemma: how do we comply with various laws and regulations, as well as company policies and codes of conduct with decreasing budgets and higher scrutiny? It’s a very difficult position for compliance professionals to be in. So how do we use the integrity agenda to help solve the compliance dilemma? Resources:The article: “What’s your integrity agenda?” (Authored by Vince Walden, Eugene Soltes, Jon Feig, and Andrew Reisman in the September/October 2018 issue of Fraud Magazine)Jonathan Feig Andrew Reisman Learn more about your ad choices. Visit megaphone.fm/adchoices

August 2018 - In this episode, Emily Primeaux, CFE, associate editor of Fraud Magazine, talks with Dennis Gentilin, Founding Director of Human Systems Advisory, about discovering and blowing the whistle on a foreign exchange (forex) trading scandal that cost National Australia Bank $360 million.

Despite their reputation for inevitable shrinkage, the cash register is no match for a smart machine. In this episode, anti-fraud, anti- corruption and compliance analytics expert Vince Walden returns to the Innovation and Compliance Podcast to talk about his latest article in Fraud Magazine titled ‘Machine learning’ fights fraud behind cash registers. Learn more about your ad choices. Visit megaphone.fm/adchoices

June 2018 - In this podcast, Emily Primeaux, CFE, associate editor of Fraud Magazine, talks with James Ruotolo, CFE, a director and analytics software leader at SAS, about the impact artificial intelligence and machine learning will have on the anti-fraud profession.

April 2014 - Janet McHard, CFE, founding partner of McHard Accounting Consultants, gives listeners tips on how to market your CFE credential, your practice and, ultimately, yourself. You can read more about how to successfully start your own business and promote yourself in Janet's archived Fraud Magazine article, " Hanging Out Your Shingle."  

One of the more prescient authors I know is Ryan C. Hubbs, who in 2014, wrote an article for Fraud Magazine entitled “Shell Games”. Shell companies can come in different shapes and sizes. Shelf companies are those formed but not used for a long period of time. This provides the facade of appearing. Finally this type of fraud needs directors and nominees to fill out the package and provide the aura of legitimacy. The final area of concern is ‘hot spot’ or one location which is the home for multiple shell companies.  In your basic research do not limit your search to the International Consortium of Investigative Journalist’s database of companies listed in the Panama Papers themselves. Initially this database is reported to only have listed 5-7% of the world’s shell companies. Some of the basic questions you should be looking at from your own data and information such as information mis-matches around address, phone, fax, ship to, bank, cell contact.  Also consider whether incoming/outgoing wire transfer documents to determine if payments are forwared to or received from an unrelated third party. Some specific reviews and steps you can take in public source information includes the following:  Review web history. In this day and age, if a company or person does not have an active, up and running website, it should immediately raise a red flag. Review public records searches to identify owners and tracking to known associates. There is a variety of information, which a competent due diligence provider can search. Public records are an important source of information to link entities and individuals. Mapping the network. This is a key step as you must be able to document the linkage between all the information uncovered. You should map every scrap of information you uncover. ‘Whois lookup’ for domain ownership, IP addresses. Using “Whois lookup” search engines, you can discover” such information as: domain ownership, IP addresses, the physical addresses of websites, the website administrators and their contact information and finally website creation dates. Evaluating online presences. Shell incorporators have difficulty fabricating an active and robust online presence because these companies technically do not exist. Some indicia of online authenticity include a properly designed website, which has other online content. There should be periodic and regular updates of information. Finally, there should be legitimate email addresses for contacting the company which are associated with a legitimate website address. Three Key Takeaways  Do you have a mechanism to review your own vendors and agents for shell companies? Do not forget the open source tools available to you. Review your previously approved third parties in light of the Panama Papers. Learn more about your ad choices. Visit megaphone.fm/adchoices