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All hoax and no cattle
Cody Easterday was a Washington state rancher and farmer with a sterling reputation. Then Tyson Foods discovered that for at least four years he sent fake invoices to that company, and another, for $244 million for the care and feeding of 265,000 head of cattle that didn’t exist. He pleaded guilty to wire fraud and is serving an 11-year sentence in federal prison. Here’s an analysis of the fraud from a prosecutor, investigators and fraud examiners.
Written By: Dick Carozza, CFE
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- Asset Misappropriation
- Criminology and Psychology
- Fraud Investigation and Examination
- Fraud Schemes
- Identity Theft
- Securities Fraud
Pirates of the North Atlantic
Commercial fisherman, Carlos Rafael, known as “the Codfather” in New Bedford, Massachusetts, spent years selling thousands of pounds of misrepresented catch under the table for cash, laundered his money and overvalued his business to the IRS, among other crimes. His illegal monopoly predated well-intentioned conservation efforts of governments and citizen groups that inadvertently might have created an environment ripe for fraudulent fishing and reporting activities.
Written By: Donn LeVie, Jr., CFE
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- Fraud Schemes
- Tax Fraud
Mark Lee Greenblatt, CFE
Mark Lee Greenblatt, CFE, says he’s learned the importance of being fair, independent and objective — as an individual and as a leader within his organization. “In the inspector general community, we have a special responsibility as the independent oversight mechanism within our departments, and I’ve learned that we can be effective only if we operate with integrity,” says Greenblatt, inspector general at the U.S. Department of Interior.
Written By: Emily Primeaux, CFE
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- Career and Professional Development
- Corporate Governance
Severe water issues in Australia worsened by fraud
Traditional corruption frauds — bribery, kickbacks and conflicts of interest — are affecting water management and availability in Australia. Droughts, fires, and floods are raising the stakes.
Written By: Mason Wilder, CFE
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- Ethics
- Fraud Risk Management
- Government Fraud
She didn't avert her eyes from 1MDB corruption
Clare Rewcastle Brown just couldn’t ignore the corruption. “I could see it was a massive and underreported scandal of vast proportions,” Brown says in the cover article, written by Sarah Hofmann, CFE. “I asked why no one was covering it, and for some time I hoped someone else would. Then I realized all the local people who knew about it felt disempowered.”
Written By: Bruce Dorris, J.D., CFE, CPA
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- Bribery and Corruption
- Contract and Procurement Fraud
- Ethics
- Government Fraud
- Investigation
Wildlife traffickers eye money laundering
Wildlife trafficking has been defined as “any environment-related crime that involves the illegal trade, smuggling, poaching, capture or collection of endangered species, protected wildlife (including animals and plants that are subject to harvest quotas and regulated by permits), derivatives, or products thereof.” The Convention on the International Trade in Endangered Species of Wild Flora and Fauna (CITES) bans wildlife trafficking.
Written By: David Feige
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- Bribery and Corruption
- Money Laundering
It's all about customer service
This column’s cases deal with improper accounting for special arrangements made with customers. Companies go to great lengths to meet sales goals, including offering special incentives for customers to buy their products. But the accounting rules provide a framework for how and when such incentives should be reflected in a company’s financial statements.
Written By: Gerry Zack, CFE, CPA, CIA
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- Accounting and Auditing
- Ethics
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