Deviations From Ethical Norms: A Financial Crimes Case Study
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Description
Why do people deviate from their ethical norms? Is it because they are bad people or because they simply made a mistake from which they couldn’t recover? Your brain works in ways of which you are consciously unaware, leading to erroneous assessments and bad decisions that seem to be right at the time they are made. Unfortunately, the moment you take your first step down the slippery slope, intentionally or unintentionally, it becomes almost impossible to recover.
This on-demand webinar is a recording of one of the most popular sessions from the 2020 ACFE Global Fraud Conference in which ACFE faculty member Bret Hood details his investigation into David Mobley and Maricopa Investments. Maricopa Investments was formerly ranked as Barron’s No. 1 hedge fund. Mobley, the mastermind behind Maricopa, began like most of us, working with a young family to support. When Mobley was presented with an innocent opportunity, it wasn’t difficult for him to rationalize a bad decision. Approximately $140 million later, the scheme came crashing down. Using this case, Hood examines how Mobley, as well as other fraudsters, rationalize their behaviors so that, as fraud examiners, we can better understand how to investigate them. In addition, you will also learn techniques to help prevent you and other people in your organization from taking that first perilous step down the slippery slope.
Prerequisites
Previous experience with complex fraud cases
You Will Learn How To:
Compare and contrast the effects of motivated and indirect blindness on organizational culture as it relates to ethics
Develop practices, policies and procedures to promote honesty while improving the ethical culture of an organization
Identify the ways people succumb to bounded ethicality, especially when serving in decision-making positions
Recognize the ways group dynamics, especially with competition and rivalry, can cause people and organizations to deviate from their ethical profile
CPE Information
| CPE Credit: | 1.5 Credits |
|---|---|
| NASBA Information: | Behavioral Ethics |
| Advanced Preparation: | None |
| Last Updated: | January 2021 |
| Delivery Method: | QAS Self-Study |
Presenter
Bret Hood, CFE - Speaker
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CPE Credit
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
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System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
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