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Blank slates: Child identity theft is a repository for cyber criminals
Children are the perfect victims of identity theft because of their lack of credit history. Criminals can exploit a child’s identity for years until the fraud is discovered, usually when the child gets older and applies for loans, jobs or a credit card. Fraud Magazine examines the rise of the crime and methods fraudsters use to carry it out.
Written By: Crystal Zuzek
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- Consumer Fraud and Scams
- Criminology and Psychology
- Identity Theft
Empathy for the fraudster
Former FBI hostage negotiator Chris Voss talks to Fraud Magazine about the inner workings of successful negotiations and how empathy for your negotiation counterpart is essential to any interaction. And Voss explains how the techniques used by hostage negotiators can help fraud examiners crack tough admission-seeking interviews.
Written By: Jennifer Liebman, CFE
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- Criminology and Psychology
- Fraud Investigation and Examination
- Interviewing
Viewing fraud through the Telescope Model of Rationalization
Rationalization — how someone justifies behavior — isn’t always the focus of fraud examinations, but the authors of this article say that understanding it can help make fraud examinations more effective. Through the lens of a former health care executive convicted of defrauding his investors, the authors explain the mechanics of rationalization and provide a framework for better understanding why some people ultimately commit fraud.
Written By: Timothy Hedley, Ph.D., CFE, CPA/CFF, Sreedhar Potarazu, M.D.
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- Criminology and Psychology
- Fraud Investigation and Examination
- Fraud Prevention and Deterrence
‘Scam Goddess’ uses her powerful platform to tell fraud victims’ stories
Laci Mosley, aka “Scam Goddess,” has transformed her fascination with fraud into a successful franchise that includes the binge-worthy documentary series “Scam Goddess,” a successful podcast and a book titled “Scam Goddess: Lessons from a Life of Cons, Grifts, and Schemes.” Mosley sat down for an interview during the general session of the 36th Annual ACFE Global Fraud Conference and spoke to Fraud Magazine.
Written By: Crystal Zuzek
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- Consumer Fraud and Scams
- Criminology and Psychology
- Fraud Schemes
Knowing the red flags of red-collar fraudsters could save your life
Unlike nonviolent white-collar criminals, red-collar criminals commit acts of violence to conceal their crimes. This article describes the red flags that signal red collar criminals' propensity for violence.
Written By: Frank S Perri, J.D., CFE, CPA
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- Asset Misappropriation
- Criminology and Psychology
- Fraud Investigation and Examination
Outsmarting fraud in the hospitality industry
With more people traveling and spending money on leisure following the COVID-19 pandemic, fraudsters are once again turning their attention to the hospitality industry. Here we look at the variety of fraud taking place in this sector and how best to prevent it.
Written By: Rasha Kassem, Ph.D., CFE
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- Criminology and Psychology
- Fraud Prevention and Deterrence
- Fraud Schemes
Wanted: Fraudsters
ACFE President John D. Gill, J.D., CFE, calls on anti-fraud professionals to send contact information for convicted fraudsters who'd be willing to be interviewed by the ACFE.
Written By: John D. Gill, J.D., CFE
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- Criminology and Psychology
- Fraud Investigation and Examination
The criminal mind of a fraudster
White-collar criminals are adept at manipulating and exploiting the goodwill of others to carry out their schemes. Recognizing and understanding these behaviors are important ingredients in the fight against financial fraud. In this article, the author details criminal thinking traits through case studies of some of the most infamous white-collar fraudsters and provides strategies and tools that fraud examiners can use to recognize those traits.
Written By: Frank S Perri, J.D., CFE, CPA
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- Criminology and Psychology
- Fraud Investigation and Examination
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
The many facets of empathy
Empathy is the ability to understand other people’s emotions, values and behaviors. It was once believed to be too “wishy-washy” or submissive to be taken seriously as a valid approach for investigations or negotiations. But empathy is actually a highly valued dimension of interpersonal, communication and strategic competence that can help fraud examiners more easily obtain an admission of guilt from fraudsters and gain insight into their “why.”
Written By: Donn LeVie, Jr., CFE
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- Criminology and Psychology
- Fraud Risk Management
- Investigation
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