Resources – Page 5 – Fraud Doctor

Introduction to the Fraud Field – Antifraud as a Career

April 29, 2015April 30, 2015Fraud Doctor

I had the privilege of speaking to the I.T. and Criminal Justice students at ECPI University in Charlotte, North Carolina today. We talked about what it is that I do in antifraud, how I got started in the field, and what I look for in candidates. It was great to interact with the students. Their questions were tough, insightful and on point. I hope that the lecture sparked their interest in the field. In fact, two students came up to me afterwards and said they were now strongly considering a career in antifraud. If you are a seasoned professional working in the antifraud space, consider speaking at your local colleges… Read More

Mortgage Fraud

February 3, 2015Fraud Doctor

The following are companion documents and images for the book entitled Mortgage Fraud and the Illegal Property Flipping Scheme: A Case Study of United States v. Quintero-Lopez. ABSTRACT Mortgage fraud has been described as “a form of bank robbery where the bank is not even aware it has been robbed until months or years later.” Within the United States, an estimated $14 billion (0.66% of all loans) in fraudulent loans were originated in 2009 alone. In United States v. Quintero-Lopez, 15 defendants were indicted on 70 counts in the Southern District of Florida for a mortgage fraud scheme involving 16 fraudulent loans totaling $6 million in disbursements. This case study examines over 3… Read More

ACFE Anti-Fraud Resource Guide 2015

January 23, 2015January 19, 2015Fraud Doctor

I’m quoted on page 1 of the special edition Anti-Fraud Resource Guide published by the Association of Certified Fraud Examiners (ACFE). See our latest report service: Personalized Statistical Fraud Risk Report

Personalized Statistical Fraud Risk Report

January 18, 2015September 17, 2015Fraud Doctor

The objective of the report is to provide a tool for management to adequately create a strategy to mitigate, avoid, accept, or transfer fraud risk. A detailed set of analysis is performed so as to be a roadmap for management to take action to address the risk for fraud by providing:

* Visibility into the organization’s fraud risk;

* An understanding of fraud risk by department and scheme;

* Prioritization of antifraud efforts;

* Ability to quantify impact and likelihood for COSO Enterprise Risk Management (ERM); and

* Benchmark for Key Risk Indicators (KRIs).

Social Engineering (CBT)

December 20, 2014Fraud Doctor

Social engineers get useful information from unsuspecting people and use it in potentially nefarious ways. Simple conversations provide the opportunity for the social engineer to get seemingly benign information from individuals over the course of one or many encounters. That information can then be combined with other open source information to then provide the social engineer with everything they need to carry out an attack on a system, enter a secure building, or any number of applications that could cause harm to your organization. Protect your employees by educating them about the direct implications this can have on your company. Teach them what to look for so they can avoid… Read More

New Benford’s Law Model

October 30, 2014Fraud Doctor

We have developed a new model for Benford’s Law analysis. You can analyze naturally occurring numbers (e.g. transaction level data) to see if the actual distributions conform to Benford’s Law. Under certain conditions, deviations from Benford’s could indicate the possibility of human manipulation, i.e. fraud. Therefore, those results would require additional scrutiny. This analysis provides a direction of inquiry. This is a model for Benford’s Law analysis built in MS Excel which calculates graphical and tabular results for the following tests:

Training in Tanzania, Africa

March 4, 2014March 5, 2014Fraud Doctor

I had the pleasure of teaching a three and a half day antifraud seminar at the Serena resort in Dar es Salaam, Tanzania, Africa. Participants included C-Suite, management from Legal, Banking Services, Internal Controls, and Global Corporate Audit departments from many countries across the continent. Topics included:

Step Up

November 6, 2013November 28, 2013Fraud Doctor

Many years ago, I was in a meeting that had a surprising outcome. The effect has stayed with me all these years. In my company at the time, we had the luxury of attending one of the first meetings held in our brand new office building. It was beautiful. The design took full advantage of natural lighting, open spaces, and everyone loved the neutral color scheme. You could still smell the wet paint in the air as we found our way to our seats. On this particular day, the CEO was leading a discussion and we were thrilled just to have the privilege of hearing him speak. He was a… Read More

Hospital Analogy for the Global Antifraud Program

October 25, 2013October 25, 2013Fraud Doctor

I created this short video for a company to illustrate both the components and status of the Global Antifraud Program. It was shown at the beginning of the meeting to facilitate the conversation about the program. (2013 Copyright Fraud-Doctor.com) [wpvideo 5jxBReaH] (4:42) Global Antifraud Program OBJECTIVE: To manage the fraud risk. GOALS: Prevention, Detection and Deterrence. COMPONENTS: Governance, Fraud Awareness Training, Fraud Risk Assessment, Investigations, and Continuous Monitoring.

Digital Lies

August 17, 2013August 17, 2013Fraud Doctor

Digital Lies Jeff Hancock was one of my professors at Cornell University. I had the privilege of taking a class with him called “Deception Detection.” It was by far one of my favorite classes during my undergrad experience in New York. His research was not only intriguing back then, it is still relevant today. I use those very same concepts during investigations every time I conduct a forensic interview. While watching an in-flight movie recently, I came across a segment of Ted Talks featuring Jeff speaking about lies in the digital era. If detecting lies is important in your job or if you simply want a different take on the… Read More