• July/August 2023 | Vol. 38 | No. 4

Featured Articles

  • Fact finder

    Michael Horowitz, the inspector general of the U.S. Department of Justice, has earned a reputation as a straight shooter and an adept investigator. He talks about his latest role as chair of the Pandemic Response Accountability Committee, mistakes made during the disbursement of COVID-relief money, how to avoid a repeat performance of the resulting fraud fiasco and the importance of strictly sticking to the facts.

    On the brink of collapse

    At 2:07 p.m. on Friday, Nov. 22, 1963, the New York Stock Exchange (NYSE) halted trading shortly after news broke that U.S. President John F. Kennedy had been fatally shot. The market had been on a downward slide, losing $11 billion in capitalization in the previous seven minutes. But hours before Kennedy’s assassination, NYSE president G. Keith Funston was doing all he could to prevent a potential market crash as one of the largest futures commodities scandals of the 20th century started to unravel.

    Banks cratering because of poor risk management

    Economic shifts, crypto deposits, weak controls and incompetent administration have led many tech-heavy banks to bite the dust this year. But none of the institutions’ C-suiters should’ve been caught flat-footed. Since the Great Depression, risk management has been the mantra of the money world. And we know that complacency and hubris can lead to fraud. Here’s how the banks collapsed and reminders for organizations to get it right.

    Detecting document fraud

    Cases of document fraud, including check fraud, have exploded in recent years. The authors explain what’s behind the proliferation of this age-old scam and the modern technology CFEs can employ to stop it in its tracks.

    The rise of employment scams in the digital age

    As if finding gainful employment isn’t hard enough, job seekers now must be wary of scammers posting false advertising to steal their money and personally identifiable information. Here we look at why employment scams are on the rise and how to spot the red flags.

Columns & Departments