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Battling fraudulent product substitution
Because of the enormous amount of government funding that goes into the defense sector, the U.S. military has long suffered its fair share of fraud. And counterfeit components/product substitution — which is really a category of procurement fraud all on its own — remains an ongoing problem.
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- Contract and Procurement Fraud
- Fraud Schemes
- Government Fraud
Thwart procurement fraud
As protests raged in Chile in 2020 over the cost of living and inequality, the government sought to procure body cameras for the police to monitor events on the ground. After going through a public bidding process, U.S. telecommunications equipment provider Motorola Solutions won the business to supply 300 cameras at a cost of close to 400 million Chilean pesos, or about $340 each at today’s exchange rate. Soon thereafter, those involved in the bidding process found themselves under investigation for irregularities. According to the local press, government officials accepted Motorola’s bid even though the company submitted its offer on the electronic procurement portal outside the hours stipulated by the bid rules. (See “El informe de Contraloría que complica a Katherine Martorell, la actual vocera de Sichel, por millonaria compra de cámaras GoPros para Carabineros,” El Mostrador, Oct. 15, 2021.)
Written By: Tom Caulfield, CFE, CIG, CIGI, Sheryl Goodman
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- Contract and Procurement Fraud
- Data Analytics
Attack bid-rigging, price fixing and other collusion frauds
Price-fixing, bid-rigging and allocation agreements are conspiracies you should always be looking for. These experts in illegal and anti-competitive collusion show you how to detect red flags and prevent these crimes. And they give you tips on how to leverage data analysis and cross-border cooperation.
Written By: Casey Buffalini, CFE, Helen Christodoulou, Esq., Milosz Gudzowski, Esq., Sandra Talbott, Esq.
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- Anti-Fraud Laws Regulations and Compliance
- Contract and Procurement Fraud
Global governments' urgent COVID-19 procurements are risks
Fraudsters love a good crisis. Governments worldwide established procurement procedures during COVID-19, but quick actions to save lives often bypassed standard safeguards. Here’s how government agencies during future disasters can limit and/or prevent rampant corruption and fraud.
Written By: Tom Caulfield, CFE, CIG, CIGI, Sheryl Goodman
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- Contract and Procurement Fraud
- Fraud Schemes
- 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
Five personality faces of procurement fraud risk
Here are five employee faces to look for when trying to prevent procurement fraud, abuse and noncompliance. Their aberrant behavior can lead to manipulated purchasing systems plus major financial and reputational losses, potential litigation and/or contract termination.
Written By: Tom Caulfield, CFE, CIG, CIGI, Sheryl Steckler, CIG, CICI
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- Contract and Procurement Fraud
- Criminology and Psychology
Procurement predicament
This aerospace case history illustrates how fraudsters are able to easily commit procurement fraud because they can hide behind “veils of trust” they have with organizations’ employees and victims. Here’s how to thrust back the curtains and let the light shine in on cozy arrangements.
Written By: Tom Caulfield, CFE, CIG, CIGI, Sheryl Steckler, CIG, CICI
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- Contract and Procurement Fraud
- Fraud Schemes
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