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We must be ‘Battle Buddies’ for military veteran victims of fraudulent abuse

On battlefields, soldiers have traditionally teamed up with ‘Battle Buddies’ so that no one is left behind. The authors encourage anti-fraud practitioners to help prevent and detect elder fraud, especially among military vets — a particularly vulnerable population.

Written By: Michele P. Bratina, Ph.D., John Schwartz, Kate Kleinert

    • Consumer Fraud and Scams
    • Financial Transactions and Fraud Schemes
    • Fraud Schemes

A ‘Croc’ of a stock

Companies may engage in a deceptive practice known as channel stuffing when facing pressure to meet short-term sales targets or enhance stock price.

Written By: Laura Harris, CFE

    • Financial Transactions and Fraud Schemes
    • Fraud Risk Management

Hackers cash out in Bybit crypto heist and more

Hackers cash out $300 million from attack on crypto exchange, Bybit; fraud concerns plague academic journals; student loan fraud in the U.K.

Written By: John Duffley

    • Cryptocurrency and Digital Assets
    • Financial Transactions and Fraud Schemes
    • Government Fraud

National Public Data confirms 2.9 billion-record data breach and more

National Public Data confirms cybercriminals conducted massive data breach involving 2.9 billion records; Missouri woman is arrested for attempting to steal Graceland mansion; and Robert Telles is sentenced for the murder of Las Vegas Review-Journal investigative reporter Jeff German.

Written By: Crystal Zuzek

    • Cyberfraud
    • Financial Transactions and Fraud Schemes
    • Identity Theft

Check fraud hits home

Despite the diminishing use of checks in the U.S., check fraud is on the rise. The author recounts her own brush with attempted check fraud and highlights how businesses — large and small — can protect sensitive customer information.

Written By: Laura Harris, CFE

    • Financial Transactions and Fraud Schemes
    • Fraud Investigation and Examination
    • Fraud Prevention and Deterrence

Monitoring and investigating human rights risk in the supply chain

Forced labor, an unfortunate reality in much of the world, may lie hidden (or in plain sight) in companies’ supply chains. Governments are taking notice, and CFEs have a key role to play in combating the problem.

Written By: Vincent M. Walden, CFE, CPA

    • Anti-Fraud Laws Regulations and Compliance
    • Financial Transactions and Fraud Schemes
    • Fraud Prevention and Deterrence

Decoding AI and machine learning in banking

Whether you’re drawn into a case as a fraud examiner, an auditor, or a customer encountering identity fraud, understanding credit risk modeling within financial organizations is essential. This knowledge is crucial regardless of your role because it impacts how financial products, from bank accounts to mortgages and student loans, are managed and secured globally. Appreciating how financial institutions assess the risks tied to each customer — whether an individual or a corporation — is fundamental for anyone engaged with financial services. This understanding shapes how we perceive the safety and reliability of financial products that affect everyday financial decisions.

Written By: Britta Bohlinger

    • Financial Transactions and Fraud Schemes

Behind the blocks

Charlie Shrem was atop the cryptocurrency world as CEO of pioneering bitcoin exchange BitInstant when he was arrested for indirectly facilitating drug sales on the dark web. Now post-prison, Shrem talks to Fraud Magazine about his transformation into an evangelist for compliance and regulation in crypto and where he thinks the industry will go next.

Written By: Jason Zirkle, CFE

    • Cryptocurrency and Digital Assets
    • Financial Transactions and Fraud Schemes

Checks continue to be an attractive vehicle for fraud

People might not be writing as many checks as they did in the past, but that hasn’t stopped fraudsters from pressing on with their schemes. The author examines why check fraud continues unabated even with the rise of noncash payment options.

Written By: Laura Harris, CFE

    • Financial Transactions and Fraud Schemes
    • Fraud Prevention and Deterrence

Who’s liable in authorized push-payment schemes?

You probably send cash via Zelle, Venmo, Apple Pay or other mobile apps. But scammers are also using those apps to trick people into authorizing payments. Banks have traditionally balked at refunding victims, but that’s changing as the U.K. government implements the Payment Systems Regulator, and the U.S. government pressures financial institutions.

Written By: Sophia Carlton, CFE

    • Cyberfraud
    • Financial Transactions and Fraud Schemes
    • Legal Elements of Fraud

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