What Do Conmen and Entrepreneurs Have in Common?

What Do Conmen and Entrepreneurs Have in Common?

There's a simple thread that connects entrepreneurs and conmen. In the latest episode of Fraud Talk, Alexander Stein, Ph.D., discusses this connection and dissects how the psychodynamics of fraud can help fraud examiners spot the differences between ethical employees and malevolent ones. You can catch Dr. Stein as a keynote speaker for the upcoming ACFE Fraud Conference Canada in Montreal, October 20-23, 2019.

Below is an excerpt from the full transcript of the discussion, which you can download in PDF form, or you can listen to the episode.

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But, It Could be True: When Curiosity Kills Your Bank Account

But, It Could be True: When Curiosity Kills Your Bank Account

In 1905, during the height of the Russo-Japanese War, Moscow sent a 5,800-ton warship, the Dmitrii Donskoi, to battle it out in the waters between Japan and what is now South Korea. During this skirmish, dubbed the Battle of Tsushima, the Dmitrii Donskoi sank, leaving no trace beyond rumors that immediately circulated claiming that the vessel had been carrying a vast number of gold coins. Reports from the time of the cruiser’s sinking suggest that the ship contained as many as 14,000 metric tons of these coins to fund Russia’s war effort. If correct, this sum would now be worth approximately $125 billion, an amount that has kept treasure hunters enthralled since the ship’s sinking.

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Could You Spot a Deep Fake Video?

Could You Spot a Deep Fake Video?

In the summer of 2017, researchers from the University of Washington presented technology they developed that combined realistic lip-synched video of former U.S. President Barack Obama with preexisting video and audio clips. In doing so, they birthed deep fakes, a phenomenon which has gone on to cause consternation among national security figures and, generally, creep a lot of people out.

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5 Infamous Fraud Cases Throughout the Centuries

5 Infamous Fraud Cases Throughout the Centuries

While the internet serves as a large platform for a considerable number of scams, fraudsters have always been able to find creative outlets for their schemes, long before the advent of modern technology. The names Charles Ponzi and Victor Lustig may be well known among audiences tuned in to the history of con men, but here are stories of lesser known swindlers, going as far back as the fourth century B.C.

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Air Force Secretary Scams Government Out of $1.4 Million Using Simple Fraud Method

Air Force Secretary Scams Government Out of $1.4 Million Using Simple Fraud Method

Michelle Holt sent shock waves through a Virginia courtroom in December when, immediately after pleading guilty to scamming the federal government out of $1.4 million, she walked over and hugged the federal prosecutor who had just filed computer fraud and theft of government property charges against her. In a sensational case that has left many people stunned, Holt was found to have bolstered her paychecks with false overtime, holiday and sick pay over a period of 17 years while working for the United States Air Force.

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