Broadway turned out to be the right way for fraud examiners from around the globe as they converged on the Big Apple for the Eleventh Annual Fraud Conference and Trade Show and got what they needed – practical, meaty instruction seasoned with invaluable networking.

The week in the heart of Manhattan, July 30 – Aug. 4, included a pre-conference, “Billing Schemes in the Electronic Age,” the main conference, and a post-seminar – the Auditors and Investigators Basic Conference. Participants designed their own curriculum by attending one, two, or all three events.

General session speakers during the main conference included former bank attorney and money launderer Kenneth Rijock; Kevin Prendergast, president of Research Associates, who spoke on employee rights; and Robert Pocica, CFE, supervisory special agent with the FBI, who described the Internet Fraud Complaint Center, a new cooperative project between the FBI and the National White Collar Crime Center.

On the first day of the conference, ABC correspondent John Stossel, the 2000 Cressey Award winner, spoke on the need to ease U.S. regulations and let free markets naturally tackle consumer problems and fraud.

Joseph R. Dervaes, CFE, chairman of the Board of Regents, was named the first Association Fellow. The Fellows Program was announced at the last year’s annual fraud conference as a way to recognize and award exceptional service, personal achievement, and continuing contributions to the field of fraud examination and the Association.

The main conference also included 10 workshop tracks on Current Issues, Cyberfraud, Embezzlement, Fraud by Customers, Money Laundering, Inventory and Supply Frauds, Fraud and the Law, Fraud by Vendors, Financial Statement Fraud, and Bribery and Corruption.

Pre-conference Reviews Billing Schemes 

More than 200 participants analyzed “Billing Schemes in the Electronic Age” during the four-hour, small-group, roundtable discussions on Sunday July 30.

The course was organized into three 70-minute sessions: identification of fraudulent billing schemes, investigation of the schemes, and prevention of the schemes.

The group discussed the fact that all businesses, regardless of their sizes, pay out money in the form of checks and other financial instruments. As a result, organizations are especially vulnerable to fictitious billings generated by their employees. And now that electronic payments have become so common, fictitious billing takes on a completely new dimension.

Participants received four hours from pre-conference study of Association materials, and four hours from the actual conference. Using the results of the pre-conference, the Association will prepare a formal position paper for participants. The White Paper will publish a summary of the paper.


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