Whistleblowers across the European Union (EU) have won greater protection under landmark legislation aimed at encouraging reports of wrongdoing. According to the BBC, “The new law, approved by the European Parliament, shields whistleblowers from retaliation and creates "safe channels" to allow them to report breaches of EU law. It is the first-time whistleblowers have been given EU-wide protection.Read More
Last month, the New York State trial against Anna Sorokin, the 28-year-old wannabe socialite who fooled Manhattan’s elite into believing she was the heiress of German billionaires, officially began. Known among other fixtures of New York City’s social scene by her fake name, Anna Delvey, Sorokin faces charges of theft of services and grand larceny after her 10-month stint staying in luxury hotels, jetsetting to high-end vacations, and racking up a nearly $275,000 debt while emulating the lifestyles of the rich and famous.Read More
A new type of scam preys on parents’ protective nature toward their children in order to coax them into wiring high ransoms. To do this, scammers make a phone call claiming they’ve taken a victim’s child, and they threaten to harm the child unless parents pay ransoms ranging from $5,000 to $6,000. In each reported case so far, there was actually no abduction. The child was discovered to be safe, often just at school or out with friends, but usually only after the parent had already paid the ransom.Read More
If I hadn’t pursued my passion for the anti-fraud industry, I might have been lost in the uncertainties of life, or at least I wouldn’t have learned to embrace the uncertainties in the early stage of my career.
Growing up, I was a kid who loved to plan ahead and avoid risks as much as possible. My senior year I decided to pursue my second greatest career passion — becoming a university professor — and get a Ph.D. in accounting. This path seemed more predictable compared to a path of pursuing my greatest career passion, which was to become a fraud investigator. My so-called “safe” plan fell part in spring 2016 when I got rejected from all 12 doctorate accounting programs I had applied for.Read More
A recent Reuters article about the “expense report of the future” included a discussion about the future of fraud risk management and the use of robotics. Though not a new discussion, this article highlighted the most common uses of the technology without using the trendy approach of claiming robots are taking over.Read More