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
Increased U.S. credit fraud to override EMV introduction?Forbes reported that the EMV chip rollout in credit cards could lead to increased fraud in the U.S.
Yorkshire fraud activity triples to £15 millionFraud activity in Yorkshire more than tripled during the first half of 2014 compared with the corresponding period of the previous year, rising from £4.9 million to £15 million, according to KPMG's latest 'Fraud Barometer'.
Pension fraud up 18% since start of the yearPension liberation scammers are responsible for an 18% rise in the amount of stolen pension savings in the first half of 2014.
Get more fraud news at FraudInfo.com.
Would you invest in a Self-Directed Individual Retirement Account (SDIRA)?
Jacob Parks, J.D., CFE, ACFE research specialist, further examines how digital currencies have become a future fraud trend in the second of two parts.
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