• May/June 2020 | Vol. 35 | No. 3

Featured Articles

  • Daphne's message lives on

    For years, journalist Daphne Caruana Galizia probed the activities of Malta’s ruling elite. She shared her findings on her blog, “Running Commentary,” and was regularly intimidated for her work. In 2017, she was murdered in a car bombing in Malta. Her son, Matthew Caruana Galizia, shares his mother’s story and how he and other investigative journalists worldwide are honoring her legacy.

    Fraudsters are exploiting blockchains and digital currencies

    Fraudsters are beginning to find the cracks in the armor of blockchains and cryptocurrencies. Initial coin offerings, Simple Agreements for Future Tokens and fake currencies are vulnerable areas. Here’s practical information for warning your organizations and clients.

    Benford's Law still works

    Can Benford’s Law practically identify fraud? It’s one of many tests you can use to discover fictitious numbers in supposedly random datasets, such as monetary amounts of purchase transactions. In this case, a comptroller successfully uses Benford’s Law to search for anomalies in warranty claims.

    'A wink and a nod' can't rename high-tech government bribes

    Raushi Conrad was a longtime, well-liked U.S. federal government high-tech specialist. He bucked the stereotype of the aloof, arrogant IT worker. But an anonymous email led to an investigation that showed he’d committed a one-man $1 million internal fraud scheme that involved chicken restaurants, computer viruses and “wink-and-a-nod” briberies. Here’s how to fend off similar high-tech crimes.

    'Invoice factoring' is highly susceptible to fraud

    A business can legitimately sell its outstanding invoices for a percentage of their face value to receive money quickly to expedite cash flow. The process allows nearly $3 trillion in transactions per year worldwide. However, invoice factoring is vulnerable to fraudsters. This case shows red flags and susceptibilities.

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