Dinesh Thakur discovered that his employer, Ranbaxy Laboratories, was falsifying data to receive approval of its generic drugs. His near-nine-year ordeal working with the U.S. Food and Drug Administration eventually led to Ranbaxy's seven-felony count guilty plea.
Criminals use shell companies to launder money, evade taxes and perpetuate all manner of fraud. The author defines and dissects shell companies to help CFEs investigate this threat that can hit uncomfortably close to home.
Identity theft is an ever-present reality as criminals find new high-tech ways of gaining access to personally identifiable information. However, the situation could be improving; the U.S. Federal Trade Commission reported a decrease in complaints from 2012.
An EY survey indicates that companies need to look at a broader set of risks, incorporate more data sources, use better tools and move to real-time or near-real time analysis of increased data volumes.
One of the creators of the venerable Fraud Triangle describes its history, rationale and uses for preventing, deterring, detecting and investigating fraud (and other crimes).
I'm a CFE
J. Cameron Thurber, J.D., CFE, counsel to the inspector general and chief investigator, U.S. Federal Election Commission
The collaboration between data mining and digital forensics
Self-Directed IRAs are ideal fraud targets: Help prevent nest-egg ripoffs
Judge: Mamtek CEO Committed $1.3M Bond FraudThe former CEO of Mamtek committed fraud to secure almost $1.3 million from bond funds that were supposed to be used to build an artificial sweetener plant in a central Missouri town, a federal judge ruled in a bankruptcy case.
Massive fraud plus lavish lifestyle equals 30 yearsDarryl Burke spent the past 25 years ripping off millions of dollars, hiding from the feds and, when authorities did catch up to him, bouncing in and out of prison.
Danville man's $17 million trust-fund fraud comes to a prison sentencingLeo Joshua Kennedy spent years pilfering millions of dollars from Silicon Valley-based trust funds managed by his longtime girlfriend, draining life savings from the elderly while he bought luxury homes and enjoying a lavish lifestyle in Danville.
Get more fraud news at FraudInfo.com.
Would you invest in a Self-Directed Individual Retirement Account (SDIRA)?
Timothy Hediger, CFE, CRMA, CISA, explains the importance of developing an effective ethics program.
Stay connected to the ACFE through a variety of social media networks.Learn more.