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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
Understanding the art of deception
Proving someone is lying, let alone getting them to confess, is difficult to say the least. Let’s face it, fraudsters are slippery characters and adept at the art of deception. Here David Lieberman, Ph.D., a psychotherapist and an expert in the field of human behavior, helps us understand the signs of deceit and how to get a confession.
Written By: Paul Kilby, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Bribery and Corruption
- Career and Professional Development
- Criminology and Psychology
- Ethics
‘The devil made me do it’ and other unethical behavior rationalizations
Growing up, we all tried at some point or another to squirm our way out of being accountable for something we shouldn’t have done or said. (I admit to throwing my little brother under the bus a couple of times, but my parents were wise to that approach.) We spun the facts or rationalized our action to avoid punitive measures; in short, we wanted to preserve our standing in the family unit and stay in Mom and Dad’s good graces. But alas, many of us suffered some parental wrath as a consequence for our behavior — and the fictitious tales we told to rationalize it. Our parents knew something we kids didn’t fully appreciate: Rationalization allows us to wander further away on the far side of truth. As adults gaining experience in our respective professions, we learn about compliance and ethics, but we also add to our repertoire of rationalizations.
Written By: Donn LeVie, Jr., CFE
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- Career and Professional Development
- Criminology and Psychology
- Ethics
Analyze potential whistleblowers with these psychology profiles
Cultivating whistleblowers is harder work than persuading traditional interviewees to talk during an investigation. Use these profiles to categorize Victims, Avengers, Samaritans and Intellectuals.
Written By: Andrew Thompson, CFE
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- Criminology and Psychology
- Interviewing
How to deal with narcissistic, toxic leaders
Every organization has them: toxic leaders who sacrifice others for their selfish needs. At the very least, these managers can make our jobs difficult or derail our investigations and, at worst, commit fraud. Here’s how to deal with them.
Written By: Murray D. Wolfe, CFE, CPA, CA
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- Criminology and Psychology
- Ethics
- Professional and Career Development
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