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Good governance
Her Excellency Dato’ Seri Wan Suraya Wan Mohd Radzi is on a mission to promote ethical governance and combat financial leakages as Auditor General of Malaysia. So far, the mission has already delivered measurable results, with audits identifying financial irregularities in government projects and contributing to the recovery of significant public funds. The 2026 Cressey Award recipient talks to Fraud Magazine about transforming audits to promote ethical governance as Malaysia sharpens anti-corruption measures post-1MDB scandal.
Written By: Anna Brahce, CFE, Jennifer Liebman, CFE
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- Accounting and Auditing
- Fraud Prevention and Deterrence
Crude conduct: The long, dirty history of Elf Aquitaine
In the 1970s, France fell victim to the costly “sniffer planes” scandal when the government embraced pseudoscience and unproven technology amid economic strain, secrecy and the dismissal of expert warnings. Political pressure and institutional bias led Elf Aquitaine and government officials to abandon due diligence, ultimately enabling a $250 million fraud that entrenched deeper patterns of corruption.
Written By: Donn LeVie, Jr., CFE
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- Bribery and Corruption
- Government Fraud
From billions lost to billions saved: A blueprint for beating synthetic IDs
Synthetic identity theft, in which fraudsters stitch together real and fake identification details to create a brand-new identity, is now the fastest growing fraud threat across the globe. Here, the authors present a plan for crushing synthetic identities that could help organizations prevent billions of dollars in losses.
Written By: Dustin J. Eaton, CFE, Frank McKenna
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- Anti-Fraud Laws Regulations and Compliance
- Cyberfraud
- Identity Theft
Navigating the EU’s evolving anti-money laundering regulatory landscape
The European Union is reforming its legal framework to combat money laundering and terrorist financing in 2027. Meanwhile, financial institutions and designated nonfinancial businesses and professions must consider how these changes will af-fect their current compliance programs. The author details the new framework and proposes a four-pronged approach to align existing processes to new rules.
Written By: Niclas-Andreas Mueller, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Fraud Risk Management
- Money Laundering
$285 million gone: Drift Protocol breached and more
Fake illnesses fuel a $20 million Mount Everest insurance scam. Crypto‑funded fake IDs land OnlyFake's founder in court. Authorities uncover digital arrest fraud in India. Drift Protocol's April Fool's Day breach results in losses of about $285 million.
Written By: Crystal Zuzek
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- Cyberfraud
- Fraud Schemes
- Identity Theft
Hospice fraud explodes in Los Angeles and more
Cambodia targets scam syndicates with a historic new law. As a Russia-linked billing scheme unfolds, the U.S. halts new Medicare suppliers. More than 700 Los Angeles hospices are flagged for fraud. Jalen Smith, a key fixer in a major U.S. college basketball point‑shaving scheme, pleaded guilty to wire fraud and bribery for manipulating NCAA games to profit from illegal betting.
Written By: Crystal Zuzek
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- Bribery and Corruption
- Health Care Fraud
- Money Laundering
On the defense: The view from the other side of the courtroom
Fraud examiners are recognized for their work on the prosecution’s side, but many CFEs lend their expertise and litigation support to the defense as well. The author talks to CFEs with experience working on defense teams about their processes, challenges they face and ways their careers have benefited from defense work.
Written By: Emily Homer, Ph.D., CFE
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- Ethics
- Fraud Investigation and Examination
- Legal Elements of Fraud
Deepfakes complicate identity theft; here’s how fraud examiners can fight back
Artificial intelligence has rapidly advanced, fueling increasingly sophisticated identity theft schemes. This article examines the progression of AI‑driven fraud through three major deepfake cases and outlines essential cybersecurity tools and techniques fraud examiners need to combat these emerging threats.
Written By: Heidi J.T. Exner, J.D., CFE, CIA
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- Fraud Investigation and Examination
- Fraud Schemes
A whistleblower’s quest for reinvention and resilience
After pharmaceutical sales rep Noelle Webb blew the whistle on her employer for fraudulently marketing pain medication, she faced retaliation and job loss. As she contemplated her next career move, Webb embraced her love for dogs to reinvent her life and forge a new path as a service dog trainer. What ACFE’s 2026 Sentinel Award recipient learned about the human-canine bond could be the key to helping fellow whistleblowers withstand the turbulence of workplace retaliation.
Written By: Jennifer Liebman, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Health Care Fraud
- Whistleblowing and Hotlines
Health care fraud schemes exposed and more
Health care fraud schemes targeted in U.S. and more.
Written By: Crystal Zuzek
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- Fraud Schemes
- Health Care Fraud
- Money Laundering
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