Fraud Talk Podcast

The U.K. Post Office Scandal: Lessons in Accountability and System Reform

 In this episode of Fraud Talk, Tony McClements, Head of Investigations at Martin Kenny & Co., delves into the infamous U.K. Post Office scandal with ACFE Content Manager, Rihonna Scoggins. As McClements unravels the layers of this miscarriage of justice, he discusses the critical failures of the Horizon IT system and the damaging effects of withheld disclosures during legal proceedings.

An Inside Look into Occupational Fraud 2024: A Report to the Nations

In this episode of Fraud Talk, Andi McNeal, ACFE Chief Training Officer, and ACFE Research Director, Mason Wilder, delve into the critical insights of Occupational Fraud 2024: A Report to the Nations, discussing its evolution, consistent themes and groundbreaking findings. They explore the significance of tips and internal controls in detecting fraud, the increased median losses attributed to the COVID-19 pandemic and the shift towards web-based reporting mechanisms. Concluding with actionable advice, the episode underscores the value of the report in enhancing anti-fraud programs and heightening fraud awareness within organizations.

Fraud Examiners: The Bearers of Bad News

In this episode of Fraud Talk, ACFE Content Manager Rihonna Scoggins, sits down with Amii Barnard-Bahn, an acclaimed coach for legal and compliance executives, to dissect the nuances of navigating difficult conversations as anti-fraud professionals. Barnard-Bahn outlines a six-step strategy to not only prepare the messenger but also to prime the audience, ensuring a blend of empathy and clarity. From psychological readiness to the rehearsal of delivery and understanding the influence of gender dynamics, this episode is packed with insights.

Harnessing AI for Compliance and Risk Management

In this episode of Fraud Talk, ACFE Content Manager Rihonna Scoggins meets with Christian Focacci, CEO and Founder of Threat Digital, to discuss the future of risk management and compliance software. The discussion delves into the groundbreaking advancements in large language models, their role in processing unstructured text and the critical importance of explainability in AI-driven solutions. Focacci also addresses the issue of AI washing and offers practical advice for companies and fraud examiners on integrating AI to optimize processes.

Inside the ACFE's Top 5 Most Scandalous Frauds of the Year

In this special edition of Fraud Talk, we focus on the ACFE's annual round-up featured in Fraud Magazine, a highlight anticipated by many in the industry. This year, we offer you an exclusive behind-the-scenes glimpse into the process of selecting the top five most scandalous frauds of 2023. Join John Warren, CEO of the ACFE, and Jennifer Liebman, Assistant Editor of Fraud Magazine, as they meticulously unravel each case, providing an in-depth analysis and insight into the complexities and implications of these notable frauds.

Fraud in Your Backyard: Fraud in Homeowners and Condo Owners Associations

Belinda Kitos, CFE, CICA and president of SCF Inc., was elected as treasurer of her homeowners association, but when she opened the books she discovered a $1.2 million fraud in her own backyard. In this month's episode of Fraud Talk, Kitos and Jason Zirkle, training director of the ACFE, explore their own experiences investigating HOA fraud and the red flags of these schemes.

From Symptoms to Solutions: AI's Remedy for Healthcare Fraud

The National Heath Care Anti-Fraud Association (NHCAA) estimates conservatively that healthcare fraud costs the U.S. approximately $68 billion annually. Why is there so much fraud and abuse with insurance claims and why has this problem gone on so long? In this month's episode of Fraud Talk, Paul Kilby, Editor in Chief of Fraud Magazine, discusses the role of artificial intelligence (AI) in combatting healthcare fraud with Theja Birur, Chief Technology Officer and founder of 4L Data Intelligence.

The Tale of the Phantom Nonprofit

In this haunting episode of Fraud Talk, investigate the ghostly disappearance of Phases, Inc., a Tennessee nonprofit dedicated to helping women with substance abuse issues. Tune in with Michael Booher, CFE, CPA, from the Tennessee Comptroller of the Treasury and Rihonna Scoggins, ACFE Community Manager, to discover how this ghost story unfolds and the truths lurking in Phases, Inc.'s shadows.

Scam's Calling: Unraveling the Robocall Racket

"We've been trying to reach you about your car's extended warranty" is an all-too-common robocall scam aiming to bilk victims out of their money. Alex Quilici, CEO of YouMail, discusses the intricacies of robocalls, what differentiates beneficial robocalls from scams and the regulations that both aid and obstruct the fight against these schemes with Jennifer Liebman, CFE, assistant editor of Fraud Magazine, in the latest episode of Fraud Talk.

Chopping Down Black Axe

Tom Cronkright, the lead witness in the FBI's indictment of Black Axe, an international cybercrime syndicate based out of Nigeria, speaks with ACFE President John Gill, J.D., CFE, in this month's episode of Fraud Talk. As the co-founder of CertifID and CEO of a title agency, Tom has been at the forefront of helping the real estate industry address payments fraud and discusses his experience as a victim of fraud and the operations of the international fraud group he helped indict.

Deeds and Deceit: Real Estate Fraud Trends

In this month's episode of Fraud Talk, ACFE Chief Training Officer John Gill, CFE, meets with attorney David Fleck, Esq., who represents victims of business, real estate and investment fraud in lawsuits to recover their money, property and dignity. They discuss trends in real estate fraud including investment fraud, title theft and deed fraud, mortgage fraud and wire transfer fraud.

The Missing Pieces of the U.K. Fraud Puzzle

In Episode 133 of Fraud Talk, Editor in Chief of Fraud Magazine Paul Kilby speaks with Kathryn Westmore, the Senior Research Fellow for the Center for Financial Crime and Security Studies at the Royal United Services Institute, a military and defense think tank in the U.K. Kathryn discusses the increase in fraud in the U.K., government initiatives and the balance between data sharing and data privacy.

Jackpot Justice: Unraveling the Lottery Heist

In Episode 132 of Fraud Talk, ACFE Research Specialist Sam May meets with Rob Sand, the Iowa State Auditor. Rob speaks about the Hot Lotto fraud scandal he prosecuted, totaling more than $25 million, as well as helping the state of Iowa improve their systems and processes to better investigate and audit potential frauds.

The Evolution of IRS Criminal Investigations

In Episode 131 of Fraud Talk, Tyler Hatcher, Special Agent in Charge of the Los Angeles field office of the Internal Revenue Service's Criminal Investigation division, joins ACFE Communications Manager John Duffley. Tyler reflects on the IRS-CI division's growth during his 21 years, the process behind evaluating allegations and pursuing criminal cases, growing uses of cryptocurrencies, common tax fraud schemes, the impacts of the CARES Act and Inflation Reduction Act, and much more.

The Art and Ethics of Social Engineering

In this episode, Jenny Radcliffe, aka "The People Hacker," discusses her expertise as an ethical social engineer, honing those skills at an early age on the streets of Liverpool, and unique challenges she has faced over the years. Joining ACFE Community Manager Rihonna Scoggins during Women's History Month, Jenny explains how being a woman in her field and gender biases she has observed played a significant role in understanding the "human element" behind social engineering. Her new book "People Hacker: Confessions of a Burglar for Hire" is available now in the U.K.

Law Enforcement vs. Private Practice Investigations

In Episode 129 of Fraud Talk, Tony McClements, the Head of Investigations at Martin Kenney & Co., discusses his career trajectory through three decades in law enforcement to the private practice cases he oversees today. Joining ACFE Communications Manager John Duffley, Tony outlines the challenges between both types of investigations, the benefits to building a team of young, up-and-coming investigators, and emerging technologies and data reports that can be utilized for complex cases.

Confessions of a Convicted Fraudster

In this episode, the ACFE's Chief Training Officer John Gill sat down with Charles Antonucci, the former president of The Park Avenue Bank, who was convicted in 2015 of trying to defraud the Troubled Asset Relief Program (TARP). Antonucci also pleaded guilty to other charges including self-dealing, bribery, embezzlement of bank funds, and a multi-million fraud scheme involving an insurance company.

*The ACFE does not compensate convicted fraudsters.

Overseas Contractor Bribed Official to Defraud the U.S. Government

In this episode, ACFE Community Manager Rihonna Scoggins reads a case study submitted by Eduardo “Ed” Cuyos. The case study follows Ed's investigation into fraudulent activities previously missed by the Defense Criminal Investigative Service (DCIS) and the Department of Defense Inspector General (DODIG).

Catching Up With the ACFE: Fraud Week 2022, Board of Regents Voting and More

International Fraud Awareness Week provides space to highlight fraud prevention and detection initiatives at companies around the world. Thousands of groups have pledged as Supporting Organizations over the past 22 years, with more doing their part ahead of Fraud Week 2022, held on November 13-19. Bruce Dorris, President and CEO at the ACFE, sits down with John Duffley, the ACFE’s Communications Manager, to discuss how you can participate in Fraud Week, the annual ACFE Board of Regents voting cycle, and what lies ahead as the ACFE enters its 35th year. 

Military Veterans’ Experiences and Skills Brought to the Anti-Fraud Table

In Episode 125 of Fraud Talk, ACFE Training Director Jason Zirkle, CFE, is joined by military veterans from around the world to share their backgrounds and how their experiences have aided them in their roles as CFEs and anti-fraud professionals. Collins Wanderi, CFE, Bill Stakes, CFE, and Monica Meeks, CFE, discuss the tools they’ve gained and advice they offer to veterans and active-duty military members looking to earn their CFE credential. 

The Insane, Real-Life Story of Crazy Eddie Antar

Eddie Antar founded the Crazy Eddie electronics retail chain in Brooklyn, New York, which rose to prominence across the New York-New Jersey area throughout the 1970s. Operating undetected for years, Eddie’s business practices were grounded in fraud from the very beginning. In Episode 124 of Fraud Talk, Gary Weiss, author of “Retail Gangster: The Insane, Real-Life Story of Crazy Eddie,” discusses this wide-ranging fraud case and ultimate unraveling with ACFE Chief Training Officer John Gill, J.D., CFE. 

Justice for Fraud Victims - Remembering Who We’re Fighting For

In the fight against fraud, it can be hard to remember why we do it, especially when the fraudsters never seem to quit. Associate professor of accounting, taxation and business law at SUNY Old Westbury, Dr. David Glodstein, began the Justice for Fraud Victims Project to teach his students — and remind fraud examiners — who we're fighting for: the victims. In this episode, join Dr. Glodstein, CFE, and Kate Pospisil, CFE, the Communications Specialist at the ACFE, as they discuss the Justice for Fraud Victims Project, why programs like this matter and what we can do to further the fight for justice.

Crossed Wires: Unraveling the Relationship Between Cybersecurity and Fraud

The intersection of cyber security and fraud examination is ever-expanding in our new technological landscape. At the 33rd Annual ACFE Global Fraud Conference, ACFE Research Manager Mason Wilder, CFE, and Deputy Superintendent and Director of the Intelligence Unit at the New York Department of Financial Services (NYDFS), Roderick Chambers sat down to discuss the importance of technical controls and knowledge to protect your organization from fraud. 

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 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.

The Oxfraud: What a Pseudo-Academic Conspiracy Theory Tells Us About Financial Fraud

William Shakespeare is widely considered to be one of the most prolific and influential writers of all time. But one group of individuals, who call themselves “Oxfordians” and their theory the "Shakespeare Authorship Question," falsely claim that what we know to be Shakespeare's plays and poetry were actually penned by someone else. In this episode, ACFE Chief Training Officer John Gill, J.D., CFE, joins Michael Pocalyko, CFE, the CEO of SI, as they look at how the qualities of those claiming to disprove Shakespeare's authorship parallel the character of financial and investment fraudsters.

A Look at the Growing Issue of Medical Identity Theft

While victims of traditional identity theft often catch it quickly, victims of medical identity theft may not know they are victims until they need critical medical treatment. In this episode, Scott Ward, CFE, senior vice president at Qlarant, discusses the insidious nature of medical identity theft, the impact it has on its victims and what people and governments can do to help combat it.

Fraud Now, Pay Later

In this episode, Jim Ducharme, COO of Outseer, a leading technology company in the fight against payment fraud, talks about the rise of "Buy Now, Pay Later" services and how fraudsters are exploiting these new avenues of credit. He also discusses identity assurance and how companies are working to combat payment fraud without adding hurdles for consumers. 

Following the Bread Crumbs: Tracing Cryptocurrencies in Fraud Investigations

In this episode, Larry Nielsen, a detective who has spent the last several years teaching himself about cryptocurrencies, shares advice for fraud examiners who are interested in expanding their toolkits to accommodate cryptocurrency investigations. He also discusses some of his experiences tracing cryptocurrencies in both a law enforcement capacity and as a consultant.

Where Fraud and Emerging Technology Meet

In this episode, renowned tech journalist and podcast host Takara Small discusses what the future of data breaches, cybercrime and cryptocurrency might look like for both individuals and organizations. She also speaks about the role online media plays in exposing fraud and the importance of supporting women, BIPOC and young people breaking into the tech space.

Why Psychological Safety is Pivotal for Ethical Company Cultures

Understanding the Art and “Science” of the Theranos Saga

The Importance of Questioning What Doesn’t Seem Right in Investigations

A Conversation With the Authors of The Key Man

The $200,000 Car: When Fraudsters Use Audit Guidelines to Steal

Operation Trojan Shield: A Global Takedown

A Conversation With the "Original Internet Godfather"

Accountability at All Levels

An Introduction to Non-Fungible Tokens (NFTs) and Fraud

Navigating the Threat Landscape in Today’s Tech-Driven World

Case Study: Fraud and Corruption in Youth Sports

The 5 Most Scandalous Fraud Cases of 2020

Combating Increasing Fraud During the COVID-19 Pandemic

No One Wants to Eat Lunch With the Investigator

The Stories Behind the Numbers

How to Enforce Third-Party Audits and Ensure Compliance