• November/December 2021 | Vol. 36 | No. 6

Featured Articles

  • Twenty years later, could another Enron happen?

    On Dec. 2, 2001, Enron declared bankruptcy. Governmental and media investigations led to criminal and civil trials of executives Ken Lay, Jeffrey Skilling, Andrew Fastow and many more. U.S. legislation ensued, but did the collapse of this corporation, which ruined so many lives, engender any lessons? Enron’s most well-known whistleblower weighs in.

    Preparing for a post-pandemic fraud landscape

    The COVID-19 pandemic has created a host of public health crises — and unearthed more opportunities for fraud. Scammers and fraudsters are waiting in the wings to capitalize on lax controls and vulnerable public assistance programs. Here the authors cover ways to enrich and strengthen your organization’s fraud risk management program to reduce threats from bad actors and to help spot the red flags of criminal activity.

    Case of the empty crates: Finding a solution to letter-of-credit fraud

    Fraudulent use of letters of credit has run rampant in Libya amid a chaotic civil war. We look at cases in this opaque corner of the trade finance market to better understand how fraudsters are exploiting a financial instrument that helps drive global trade but also opens doors for wrongdoing.

    Bribery and corruption risks in acquisitions

    Amid a surge in global mergers and acquisitions, regulators are increasingly holding organizations responsible for the bribery, corruption and fraud found at the entities they purchase. Data analytics is becoming an important tool in a due diligence process that’s more important than ever for companies seeking to avoid such risks.

    Hot-ticket tokens: How NFTs are capturing the public's imagination and opening opportunities for fraud

    Non-fungible tokens are all the rage in the crypto world, potentially revolutionizing the sale of everything from art to real estate. But their complexity and the public’s poor understanding of the new technology make NFTs perfect vehicles for fraudsters.

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