• March/April 2021 | Vol. 36 | No. 2

Featured Articles

  • Wirecard’s house tumbles

    Dan McCrum, an investigative reporter for the Financial Times, spent six years questioning the finances of Wirecard, Germany’s moneymaking payments processor. But his efforts paid off. Read about his crazy, weird investigation.

    Taking down a crooked film producer

    Fraud Magazine recently spoke with three veteran CFEs about how they break open and dissect investment scams and claw back stolen capital. Though these practitioners weren’t involved in this ongoing Hollywood case, they’ve reviewed the public records. And they’re deeply experienced in the case’s functional components: financial investigation, digital forensics, and asset tracing and recovery. As these experts reveal, their tools and techniques also are potent weapons against other kinds of schemes.

    FraudClassifierSM Model: Learning to speak the same fraud language

    The FraudClassifier model, developed by a U.S. Federal Reserve-led industry work group, provides the payments industry with an intuitive classification approach to help fraud fighters get on the same page to understand the nature and magnitude of fraud.

    Dichotomy of dishonesty

    All of us want to look in the mirror and feel good about ourselves. But secretly we also want to benefit some from our dishonesty. Acclaimed behavioral economist Dan Ariely ponders this dichotomy every day. His research findings could help fraud examiners deter would-be fraudsters.

    Cobalt blues: Fraud, corruption and death in Democratic Republic of Congo cobalt mining

    The battery in your cellphone could be powered by cobalt derived from copper that exploited “artisanal miners” — often children — hand dug from open-pit mines in the Democratic Republic of Congo. But a new DRC government could crack down on the illegal awarding of mine licenses, permits and contracts. And blockchain could make supply chains more transparent.

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