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.
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Case in Point
Trusted assistant steals $365,000 from not-for-profit
Rothstein adviser expected to admit wire fraud conspiracyFinancial adviser Michael Szafranski, who is accused of deceiving his clients and causing them to lose millions in the final months of Scott Rothstein's $1.4 billion Ponzi scheme, is expected to plead guilty to wire fraud conspiracy on Wednesday.
Five South Florida residents accused of health care fraudA Boca Raton woman paid employees of the Florida Department of Children and Families and the Social Security Administration to process applications she submitted on behalf of people seeking government benefits, costing the state's Medicaid program more than $2.7 million, federal prosecutors said.
3 Tips for Conducting Interviews In the most recent Fraud Talk podcast, Jonathan Turner, CFE, CII, ACFE Regent Emeritus, speaks about his top interviewing tips. As Turner says, “Everything that you do that adds another tool to the toolbox makes you more successful.”
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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.