Fraud Perspectives: Nonfungible Tokens  

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Fraud Perspectives: Nonfungible Tokens  

In the third webinar of the Fraud Perspectives series, presented by the Association of Certified Fraud Examiners (ACFE) and The Institute of Internal Auditors (IIA), Mason Wilder, Research Manager at the ACFE, chatted with Kishan Patel, CIA, CITP, CPA, and Chris DeAngelis, CFE, about nonfungible tokens (NFTs) and their role in the current anti-fraud landscape. A confusing and often abstract concept, NFTs have made headlines recently as an innovative new technology with the potential to revolutionize various industries. While NFTs offer numerous benefits, such as increased security and unique ownership, they also present new fraud risks. Understanding these risks and how to mitigate them is essential for organizations that are considering investing in NFTs. 

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The Wayback Machine: A Tool for Nostalgia and Fraud Examination?

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The Wayback Machine: A Tool for Nostalgia and Fraud Examination?

The internet is a vast repository of information, with billions of web pages and websites documenting the digital footprints of people and organizations. However, as regular internet users know, web pages are not always permanent. Some are taken down, while many others are deleted or modified over time. This is where the Wayback Machine comes into play. As part of the Internet Archive, a non-profit digital library founded in 1996, the Wayback Machine contains a historic log of an estimated 735 billion web pages, making it an incredibly powerful database supporting a range of businesses and industries.  

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Fraud Talk: Filling Your Anti-Fraud Toolbox

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Fraud Talk: Filling Your Anti-Fraud Toolbox

Washington State’s Largest Ponzi Scheme was the catalyst for Tod McDonald, CPA to start his company and push for innovation in financial e-discovery. Years later, he and Garth Leonard, CFE, from Valid8 Financial, join ACFE Community Manager Rihonna Scoggins in the most recent episode of Fraud Talk to explore the current resources at hand to combat fraud and how fraud examiners can assess what tools are the right fit for them in this evolving landscape.

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The Golden Era of Fraud Investigations Is Upon Us — But It Relies on Better Financial eDiscovery

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The Golden Era of Fraud Investigations Is Upon Us — But It Relies on Better Financial eDiscovery

Recent reports show that PPP loan fraud soared in the last two years, putting billions of taxpayer dollars in the pockets of fraudsters and criminals. The Justice Department now faces an unprecedented number of cases to investigate and experts suggest it will be difficult, if not impossible, to build cases and convict all of those responsible. The merits of speeding aid versus having required additional guardrails can be debated endlessly but regardless, one thing stands out about these fraud cases: it’s challenging to “follow the money,” and the burden on teams having to investigate is exceptionally high.

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Crocodile of Wall Street Rendered Toothless as Authorities Bite Back

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Crocodile of Wall Street Rendered Toothless as Authorities Bite Back

The sums involved in the latest high-profile cryptocurrency fraud are mind-blowing. A self-proclaimed amateur rapper nicknamed the “Crocodile of Wall Street,” Heather Morgan, along with her husband Ilya Lichtenstein, were arrested and charged with conspiracy to allegedly launder $4.5 billion in stolen Bitcoin last month.

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