in Fraud Magazine
The FBI had tasked Eric O’Neill to investigate Robert Hanssen, a 25-year FBI veteran and suspected spy for the Russians, but he’d have to do it face to face as Hanssen’s office assistant. O’Neill’s courageous work helped bring Hanssen down and end the greatest security breach in U.S. history.
Some wealthy wine aficionados are comfortable spending millions on supposedly rare vintages. But if they discover that they’re holding hundreds of bottles of worthless wine they might try to unload it to less sophisticated collectors, and bogus wines will continue to circulate. Here are some cases to illustrate the problem and ways to investigate the fraud.
Scott London, a senior partner at a Big 4 accounting firm, shared inside secrets to help a buddy in a tight financial spot. After following the rules for 26 years, why would he commit fraud? Insider traders — mostly males — do it for the money, of course, but they’re also influenced by hubris, feelings of conquest, playing seduction games and adrenaline highs.
Organizations want to hire quality employees, but many also don’t want to spend much money, time and effort screening them. However, ethically they should cast a wide net when searching for possible criminal histories. If they don’t, they will employ convicted fraudsters.
What happens when a CFE’s friend falls into fraud? This veteran interviewing expert grapples with the duality of a young Jekyll and Hyde who became a fraudster, next an informant and finally back into deep deception.
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Convicted fraudster Tom Hardin explains how he used an illegal edge to begin insider trading and how he rationalized his crimes.
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