The ultimate tool for understanding, investigating and preventing fraud
Fraud is an evil with a life of its own that leaves a financial, repetitional, and emotional toll on its victims. While monumental scandals, such as Enron, WorldCom, and Madoff's Ponzi scheme make the front pages, fraud is a daily occurrence impacting companies and individuals alike. Faces of Fraud reveals must-know characteristics of fraudsters and the skills needed to outwit them. Recognized Fraud Fighting Expert Martin Biegelman draws from his 40 years of experience fighting fraud to profile not only the key traits fraudsters share, but also the qualities fraud examiners must possess to be successful.
* Each chapter contains stories from actual cases that the author investigated
* Profiles the must-know characteristics of fraudsters and the skills you'll need to outwit them
* Reveals the traits of accomplished fraud examiners
* Explores the best practices in fraud detection, investigation and prevention to cultivate in order to maximize success
* Written by fraud fighting expert Martin T. Biegelman
Although fraud will never be completely eradicated, there is much that can be done to reduce the number and size of frauds that take place in any organization. Boiling down the key lessons the author has culled from his long career, Faces of Fraud entertains and informs with stories from real cases the author investigated over his long career, and imparts useful tips you can start using right away in the fraud examination field.
Auflage
Sprache
Verlagsort
Zielgruppe
Maße
Höhe: 23.6 cm
Breite: 16 cm
Dicke: 2.7 cm
Gewicht
ISBN-13
978-1-118-00274-2 (9781118002742)
Schweitzer Klassifikation
Martin T. Biegelman, CFE, CCEP, has been fighting fraud and corruption for 40 years in various roles in law enforcement, consulting, and the corporate sector. He is currently the Executive Vice President of U.S. Operations for IPSA International, a global risk advisory firm. His extensive experience include conducting internal investigations on behalf of corporate management and boards, FCPA and anti-bribery compliance, litigation consulting, due diligence, and corporate compliance design and implementation. He previously served as the Director of Financial Integrity at Microsoft Corporation. This highly acclaimed fraud prevention and anti-corruption compliance program that he founded and led continues to be a model for other global companies. Mr. Biegelman is a sought-after speaker, prolific author, and the recipient of the prestigious Cressey Award bestowed by the Association of Certified Fraud Examiners for lifetime achievements in the detection and deterrence of fraud.
Preface xi
Acknowledgments xiii
CHAPTER 1
The Fraudster Mindset 1
A Silver-Tongued Devil 2
Sell the Sizzle, Not the Steak 3
Dr. Donald Cressey and the Fraud Triangle 5
Fraud Diamond 9
Fraud Theories 10
Fraudster Mindset 17
CHAPTER 2
A Short History of Fraud in America 23
Growth of Mail Fraud 24
Green Goods Swindles 24
Grifters 26
Baker Heirs' Swindle 27
Golden Age of Fraud 28
Rise of Boiler Rooms and Bucket Shops 31
Other Frauds over the Years 32
Enactment of the Mail Fraud Statute 37
The Continuous Onslaught of Fraud 39
CHAPTER 3
Use Your Imagination 41
The Mob Stings Fraudsters 41
Making the Typewriter Talk 44
Where the Law of Gravity Doesn't Apply 45
Welfare for the Deceased 51
The Value of Imagination 52
CHAPTER 4
Make Yourself Lucky 55
Fraudster Stupidity Is Your Friend 56
One Man's Trash Is an Investigator's Gold 57
Let Them Talk 58
Arson for Profit Case: Impeaching the Defense Expert 59
One Federal Agent's Attention to Detail 62
Look and You Shall Find 63
Don't Take No for an Answer 65
If You Don't Ask, You Will Never Know 66
CHAPTER 5
Patience Is a Virtue 71
Stopping a Fraud Scheme 71
New York State of Fraud 78
Recommendations to Prevent Property Insurance Fraud 91
CHAPTER 6
Fraud Can Be Murder 95
Good Humor Ice Cream Scandal 97
Bad Ham and Bribes 102
Golden Needles Acupuncture 108
Blast from the Past 110
Security Guard Indignity 114
Next Time Dead 119
CHAPTER 7
Arrogance and Recidivism 121
If You Are Here, You Are Not As Smart As You Think
You Are 122
Arrogance Is Common 125
Arrogance and Recidivism Often Go Hand-in-Hand 126
Arrogance and Rebate Fraud 131
Making It a True Federal Case 133
Fraudsters Say and Do the Darndest Things 136
CHAPTER 8
Informants and Whistleblowers: The Good, the Bad, and the Ugly 141
Managing Confidential Informants 143
Informants Gone Bad 152
Falling in Love with an Informant 155
Nightmare Informants 156
A Rogue FBI Agent Strikes a Deal with Two Devils 157
Avoid a Failed Investigation 159
CHAPTER 9
A Tale of Deceitful Pitches and Vendor Kickbacks 161
History of American Chemical Industries 162
Description of the Fraud Scheme 163
Detection and Investigation 169
The Continuing Investigation 173
Prosecution 174
Special Circumstances 176
Fraud Prevention 177
CHAPTER 10
Cruise to Nowhere 179
Description of the Fraud Scheme 180
Detection 182
Investigation 183
Factoring of Credit Card Charges 186
Investigative Reporting 187
Execution of Search Warrant 187
Circularization 188
Undercover Trip 189
Prosecution 193
Special Circumstances 194
Fraud Prevention 194
Investigative Best Practices 195
CHAPTER 11
Who's Who of Fraud: A Story of Vanity and Deception 197
The Making of a Fraudster 198
Fraud Scheme 199
Investigation 204
Prosecution 208
Special Circumstances and Additional Fraud 210
Postscript 211
CHAPTER 12
Kids and Coins: Scoundrels without a Conscience 213
Genesis of the Fraud 214
Description of the Fraud Scheme 216
Investigation 219
Prosecution 224
Special Circumstances 226
Fraud Prevention 227
CHAPTER 13
More Tips, Best Practices, and Lessons 231
Become a Subject Matter Expert 231
Documents, Documents, and More Documents 232
Remember the Boy Scout Motto 234
Why I Love Liars 235
Fraudsters Love Expense Report Fraud 236
San Francisco Metergate 239
Yellow Pages Invoice Scam 242
Best Laid Plans of Mice and Men Often Go Awry 244
CHAPTER 14
Power of Prosecution and Prevention 247
Fraud Prevention for Individuals 249
Fraud Prevention for Business Organizations 250
Fraudsters Are the Same Everywhere 253
Fraud Is the Golden Goose for Criminals 254
It's Deja vu All Over Again 256
Sadly, Fraud Is Here to Stay 260
About the Author 263
Index 265
