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Carousel fraud
The not-so-merry evasion of value-added taxes is a vicious cycle of false trading across multiple countries. Around these trader schemes, known as carousel fraud, fraud examiners work to uncover complex international fraud networks and identify at-risk business entities.
Written By: Samuel May, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Fraud Schemes
- Tax Fraud
Boeing admits to fraud over 737 Max jet crashes and more
Aviation giant Boeing pleads guilty to fraud over 737 Max jet crashes, the U.S. Supreme Court hands down big decisions on bribery and corruption, and Interpol coordinates an international law enforcement operation to dismantle online scam networks.
Written By: Crystal Zuzek
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- Anti-Fraud Laws Regulations and Compliance
- Bribery and Corruption
- Cyberfraud
‘Cryptoqueen’ associate pleads guilty to money laundering and more
‘Cryptoqueen’ associate Irina Dilkinska pleads guilty to wire fraud and money laundering for her role in a pyramid scheme; the U.S. DOJ charges 21-year-old Matthew Bergwall with mail fraud; and British media company Virgin Media 02 launches a free beer for International Fraud Awareness Week.
Written By: Anna Brahce
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- Fraud Schemes
Poorly governed financial systems and fraud: It all starts with access
Access/identity control is a fundamental component of data security that dictates who’s allowed to access and use company information and resources. But organizations still lack the necessary protections, opening the door for fraudsters to exploit their systems. Here the authors examine the latest IT resources to keep such criminals at bay.
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- Accounting and Auditing
- Anti-Fraud Laws Regulations and Compliance
- Financial Institution Fraud
- Fraud Prevention and Deterrence
- Fraud Risk Management
Bankruptcy fraud, which lessened during the pandemic, could increase this year
U.S. bankruptcies — and bankruptcy fraud — greatly decreased during the pandemic because of temporary lifelines. But as government stimulus, pliant lenders, and cheap and easy funding dissipates, we’re seeing crimes rise. Changes in U.S. federal bankruptcy law could accelerate prosecution of bankruptcy fraud.
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- Anti-Fraud Laws Regulations and Compliance
- Financial Transactions and Fraud Schemes
- Government Fraud
Fraud's fertile breeding ground
Any economic disruption leaves businesses vulnerable to fraud both from within and outside an organization. Here we look at how today’s bottlenecks along global supply chains are creating the potential for financial wrongdoing in the coming months and what fraud examiners and auditors should know to prevent it.
Written By: Stephen Pedneault, CFE, CPA/CFF
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- Fraud Prevention and Deterrence
- Fraud Risk Management
Scammers using FedEx and COVID-19 ruses to collect PII
In separate scams, fraudsters target would-be victims who are worried about packages they might never receive plus COVID-19 threats. The criminals play on fears to harvest personally identifiable information.
Written By: Robert E. Holtfreter, Ph.D., CFE
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- Fraud Investigation and Examination
- Fraud Prevention and Deterrence
- Fraud Schemes
Siddharth Kher, CFE
Siddharth Kher, CFE, first learned about the anti-fraud profession when he was working at Amazon. His curiosity piqued when he searched the internet for anti-fraud specialization courses and discovered the ACFE.
Written By: Emily Primeaux, CFE
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- Career and Professional Development
- Fraud Investigation and Examination
Ripple effects of fraud
We often focus on a fraud’s perpetrator, the conditions that allowed the fraud, plus the victim business and its owners. In this case, the authors cover the bases but also discuss the forgotten aspect: how the fraud affects so many more who live in the concentric circles around the fraudster.
Written By: Zachary M. Kelley, Trevi Kelley, Cecily Raiborn, Ph.D., CFE, CPA
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- Criminology and Psychology
- Fraud Investigation and Examination
- Fraud Schemes
Uber’s C-suite set poor tone at the top
In the January/February issue, we examined how Uber and its competitors have changed the hired car industry — and thereby changed the industry’s fraud profile. Here in part two, we take a deeper dive into some of Uber’s fraud, ethics and compliance issues that the business and mainstream press highlighted in 2017.
Written By: Steve C. Morang, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Bribery and Corruption
- Whistleblowing and Hotlines
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