When James Holzrichter reported some management issues to his supervisor, he had no idea that he would later discover widespread alleged fraud at Northrop.
Houses of worship are havens from fraud, right? Wrong. The author describes how church workers’ erroneous thinking leaves them particularly vulnerable to fraud and what congregations can do to deter and prevent fraudsters’ attacks.
Some suggest that fraud examiners could use computerized “avatars” to collect basic information. Here we look at potential technological advancements and the implications of avatars in the fraud-fighting profession. You decide.
Does the Fraud Triangle explain fraudsters who steal for enjoyment? The author contends that Dr. Donald Cressey didn’t necessarily develop his theories to explain behavior of those who don’t have financial needs and are predisposed to committing fraud even before organizations hire them.
Based on the tremendous increase in data breaches and related compromised records in 2014 plus the soaring incidents of income tax refund fraud, it’s no surprise that identity theft is also growing. The U.S. Federal Trade Commission reports a sizable increase in complaints.
Global Fraud Focus
Fake passport online? Coming right up
Tap the knowledge of your front-line staff
Case in Point
Trusted assistant steals $365,000 from not-for-profit
Synthetic Identity Fraud: A New Kind of Costly ID Theft You’ve Never Heard OfIdentity theft has been an ever-growing problem, but authorities say there is a new twist on an old problem for us to worry about: Synthetic identity fraud.
14 Elizabeth gang members indicted in identity fraud scamsThey are 14 members of an Elizabeth-based street gang, but they now face a 49-count indictment for "white-collar crimes," including filing false tax returns and manufacturing fake gift cards to collect thousands of dollars, Union County officials said today.
Hacking Case Raises Question on Securities FraudThe elaborate scheme described by the Justice Department and the Securities and Exchange Commission last week, which involved breaking into computer servers to obtain confidential information about impending corporate announcements, certainly looks like a classic case of insider trading.
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Whistleblower James Holzrichter spoke with attendees at the 26th Annual ACFE Global Fraud Conference about his 17-year ordeal in a defense contractor qui tam suit against Northrop.