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Defiant together
Jennifer Griffith, CFE, and Sarah Carver, CFE, spent years informing their superiors in the U.S. Social Security Administration office where they worked about an operation between a lawyer and an administrative law judge to fraudulently approve thousands of disability claims. But instead of rewarding them for uncovering a massive fraud, their bosses retaliated against them. Carver and Griffith talk to Fraud Magazine about their journey as whistleblowers and their courage to fight for the truth even when the odds were stacked against them.
Written By: Jennifer Liebman, CFE
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- Fraud Investigation and Examination
- Government Fraud
- Whistleblowing and Hotlines
Unfairly thrown in a Thai jail for 547 days
The over $4.5 billion theft from Malaysian sovereign wealth fund 1MDB is one of the world’s biggest-ever financial scams and a sad story as it deprived ordinary people in that country of vital resources. Xavier Justo talks about his nightmare experience exposing the fraudsters responsible for this massive theft and the lessons he’s learned along the way.
Written By: Paul Kilby, CFE
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- Bribery and Corruption
- Financial Institution Fraud
- Whistleblowing and Hotlines
Breaking records
Fraud examiners shattered Global Fraud Conference attendance records in Seattle, Washington, cementing ACFE’s hybrid virtual and in-person annual conference as a can’t-miss event. And keynote speakers shared their stories of investigating fraud and corruption and revealing the truth.
Written By: Jennifer Liebman, CFE
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- Fraud Risk Management
- Fraud Schemes
- Whistleblowing and Hotlines
Navigating the choppy waters of internal whistleblowing
All whistleblowers pay huge costs for their honesty and courage. But internal whistleblowers, who have few legal protections, endure the greatest hardships. Here’s what you need to know to support and encourage them and to protect yourself if you ever become a whistleblower.
Written By: Carolyn Conn, Ph.D., CFE, CPA, Grace Schepis, Stephen M Kohn
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- Whistleblowing and Hotlines
Blowing the whistle
Countries across the world are increasingly recognizing the importance of whistleblowers in the fight against corruption and fraud. Here’s some useful background for CFEs wanting to know about the latest whistleblower protections and legislation.
Written By: Tom Caulfield, CFE, CIG, CIGI, Sheryl Goodman
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- Fraud Prevention and Deterrence
- Whistleblowing and Hotlines
Wirecard's whistleblower
Pav Gill is now widely recognized as the internal whistleblower who helped expose corruption and fraud at the now-defunct German fintech Wirecard. In a little over a year, his professional and personal life was turned upside down. Gill tells Fraud Magazine his story and the lessons he learned from this bizarre journey.
Written By: Paul Kilby, CFE
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- Bribery and Corruption
- Whistleblowing and Hotlines
Wirecard's sentinel helps trigger anti-fraud regulations
The ACFE honors Pav Gill as the Wirecard whistleblower.
Written By: Bruce Dorris, J.D., CFE, CPA
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- Anti-Fraud Laws Regulations and Compliance
- Whistleblowing and Hotlines
Twenty years later, could another Enron happen?
On Dec. 2, 2001, Enron declared bankruptcy. Governmental and media investigations led to criminal and civil trials of executives Ken Lay, Jeffrey Skilling, Andrew Fastow and many more. U.S. legislation ensued, but did the collapse of this corporation, which ruined so many lives, engender any lessons?
Written By: Sherron Watkins
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- Corporate Governance
- Financial Statement Fraud
- Whistleblowing and Hotlines
Wirecard's house tumbles
Dan McCrum, an investigative reporter for the Financial Times, spent six years questioning the finances of Wirecard, Germany’s moneymaking payments processor. Fraudulent Wirecard would strike back against McCrum and his wife with smear campaigns, lawsuits and surveillance. German banks and regulators targeted him. But his efforts paid off. Read about his crazy, weird investigation.
Written By: Dick Carozza, CFE
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- Financial Statement Fraud
- Fraud Investigation and Examination
- Whistleblowing and Hotlines
Global deforestation facilitated via fraud
Illegal logging companies in the Amazon regions, which are driving deforestation, are using multiple fraud schemes. They include fake or forged permits based on fraudulent information; corruption and collusion of and with officials who are supposed to enforce timber regulations; and front companies to avoid taxes.
Written By: Mason Wilder, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Fraud Schemes
- Whistleblowing and Hotlines
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