The Rise and Fall of the 1MDB Mastermind

The Rise and Fall of the 1MDB Mastermind

Published in September of 2018, Tom Wright and Bradley Hope’s Billion Dollar Whale: The Man who Fooled Wall Street, Hollywood, and the World is a detailed depiction of one of the largest, most sprawling financial fraud schemes of the 21st century. Wright and Hope, two long-time Wall Street Journal reporters, take the reader through the almost unbelievable tale of Jho Low’s rise to conspicuous wealth and international stardom. As Wright and Hope outline in their author’s note, they hoped not only to explain Low’s methods and motives but also to present a “larger portrait, about capitalism and inequality, told through the life of Low.” By exposing the links between big banks, kleptocracy, and corruption within Hollywood and Wall Street, Wright and Hope elucidate the structural concerns that enabled Low’s scheme while crafting a gripping narrative of infuriating oversights and ostentatious decadence.

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Academic Fraud: How Do We Stop It?

Academic Fraud: How Do We Stop It?

The recent news of wealthy business executives and celebrities paying large sums to gain access to prominent colleges and universities for their children’s education has outraged us all. Unfortunately, academic fraud of this type, and others used to gain admittance or enhance standing, is nothing new. In 2008, Cavya Chandra was denied admission to her dream school, Cornell University. She then falsified letters of recommendation to gain entry to Carnegie Mellon, but later transferred into Cornell University using fraudulent transcripts and falsified letters of recommendation.

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Key Findings From the 2018 Report to the Nations: Middle East and North Africa Edition

Key Findings From the 2018 Report to the Nations: Middle East and North Africa Edition

In our latest sub-report, we focus more closely on how occupational fraud impacts the Middle East and North Africa. This study is based on the 101 cases of occupational fraud from the region that were reported in our 2017 Global Fraud Survey. Collectively, these cases, which accounted for 5% of all cases in our global study, caused a median loss of USD 200,000 and lasted a median 12 months before they were detected. 

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Unified Truth Seekers Expose Fraud and Corruption

Unified Truth Seekers Expose Fraud and Corruption

When you think of how the Panama Papers unfolded, you could imagine a scene from a movie: a hero with great hair meeting with an anonymous source on a park bench and exchanging code words. But, as we know, our realities can be much stranger than fiction. The initial exchange of the Panama Papers began at Bastian Obermayer’s parents’ home in Germany.

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Significant Amendments to India’s Anti-Graft Law Pave the Way for Future Enforcement

Significant Amendments to India’s Anti-Graft Law Pave the Way for Future Enforcement

The Prevention of Corruption (Amendment) Bill of 2018 brings about a change in a 30 year-old law defining and penalizing corruption in the Indian public system. The newly introduced law aims to provide a more comprehensive definition of bribery. To a country ranking 81 out of the 180 countries on Transparency International’s Corruption Perception Index, and with its complex regulatory procedures and tax systems, it is not uncommon for an organization to encounter an unfavorable situation with a public official.

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