Green energy has mass appeal among consumers, investors, and manufacturers. Now fraudsters are jumping on the bandwagon and taking advantage of a market ripe with emerging technologies, lax controls, and an abundance of financial incentives.
Amy Stroupe, CFE, just wanted to do a good job for her employer. When she uncovered evidence of a Ponzi scheme, she eventually lost her job. But sometimes sentinels are vindicated.
It might be impossible to eradicate this pervasive fraud, but cross-referencing documents with the U.S. Social Security Administration's Death Master File might be the key to significantly reducing the success rates of perpetrators.
You might one day need to be a whistle-blower. Be forewarned: Your personal and professional lives will suffer. But then, doing the right thing never meant that right things would happen to you.
No amount of electronic communications can replace the face-to-face networking and education at the 21st Annual ACFE Fraud Conference and Exhibition.
Help Clients Avoid Corruption and Prosper OverseasIn emerging markets where corruption is widespread – China is one – Western multinational corporations are particularly vulnerable to bribery, kickbacks, and other forms of fraud. But a growing international consensus holds that corruption harms all companies – domestic and foreign. Sniffing for Cooked Books: Trend and Ratio AnalysisIn June, Alton Sizemore Jr., CFE, CPA, sat down for a conversation with someone he had met before -- one of the primary architects of the $2.7 billion financial statement fraud at HealthSouth Corporation, headquartered in Birmingham, Ala. In this article, Sizemore supplies simple but powerful analytic techniques that fraud examiners could have used to possibly prevent this scheme. Supreme Court Limits Widely Used Anti-fraud LawOn June 24 the Supreme Court scaled back an anti-fraud law that prosecutors have regularly relied upon to convict business executives and politicians: the “honest services” law. The decision could affect many past, current, and pending fraud cases.
Help Clients Avoid Corruption and Prosper OverseasIn emerging markets where corruption is widespread – China is one – Western multinational corporations are particularly vulnerable to bribery, kickbacks, and other forms of fraud. But a growing international consensus holds that corruption harms all companies – domestic and foreign.
Sniffing for Cooked Books: Trend and Ratio AnalysisIn June, Alton Sizemore Jr., CFE, CPA, sat down for a conversation with someone he had met before -- one of the primary architects of the $2.7 billion financial statement fraud at HealthSouth Corporation, headquartered in Birmingham, Ala. In this article, Sizemore supplies simple but powerful analytic techniques that fraud examiners could have used to possibly prevent this scheme.
Supreme Court Limits Widely Used Anti-fraud LawOn June 24 the Supreme Court scaled back an anti-fraud law that prosecutors have regularly relied upon to convict business executives and politicians: the “honest services” law. The decision could affect many past, current, and pending fraud cases.
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Attack on China Whistle-blower Shows Risk of Unveiling Corruption, FraudThe Christian Science MonitorA bungled attack on a whistle-blower famous for his exposés of fraud and pseudoscience has drawn fresh attention to the vexed issues of academic dishonesty and popular gullibility in China.See related stories: 'Be Prepared Before You Blow the Whistle' and 'Help Clients Avoid Corruption'
Japan Police Arrest Relatives of Dead 'Centenarian'BBC News (Asia-Pacific)Police in Japan have arrested the daughter and granddaughter of a centenarian believed to be Tokyo's oldest man whose mummified remains were found last month. The pair are suspected of fraudulently receiving the dead man's pension. See related story: 'Death Fraud'
Crackdown on Carbon Credit ScamTelegraphFrom November, a zero VAT rate put in place as an interim measure to combat scams is being replaced by a new system ... The move is designed to tackle "missing trader" fraud, which has been a known scam for years over mobile commodities such as cigarettes, computer chips and phones.See related story: 'A New Wave in Green Energy Fraud'
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Martin T. Biegelman, CFE, ACFE Fellow, director of financial integrity for Microsoft Corporation, explains the new forms and pervasive nature of identity theft. He also offers advice to individuals on how to protect themselves from this common form of fraud.