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

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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.In the excerpt below from episode 120, Michael talks about confirmation bias and how it can be shown through the “Oxfordians”. Download the full transcript in PDF form or listen to the episode at the bottom of this…
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Mentoring Success Story: Kate and David

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The ACFE Mentoring Program connects members to anti-fraud professionals from all over the world who can offer a wealth of resources, experience, advice and guidance. Mentees can search among registered mentors to find individuals whose experience and expertise match the areas in which they wish to be mentored. Kate Rolan initially reached out to David Harper, CFE, after seeing his experience in law enforcement and investigations on the ACFE Community. This is Kate and David’s mentoring story.   How did you become interested in fraud and what is your current role? Kate: I am currently employed as an Internal Revenue Agent for Tax Exempt and Government Entities, IRS. I got interested in fraud about three years ago when I started working on a case showing some fraud indicators. The audit was complicated but…
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Former Theranos COO Found Guilty on Federal Fraud Charges

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Emma RichardsonACFE Research SpecialistOn Thursday, a jury of seven women and five men convicted Ramesh “Sunny” Balwani on 12 counts of federal fraud. Balwani, the former COO of Theranos, reportedly sat expressionless as the verdicts were read in court. Some of the charges Balwani was found guilty of included federal wire fraud and conspiracy to commit federal wire fraud.The conclusion to Balwani’s trial marks a noticeably different outcome from that of his former Theranos counterpart and one-time lover Elizabeth Holmes, who herself was found guilty on just four fraud charges in a separate trial earlier this year. Unlike Holmes, Balwani was convicted on all the counts he was charged with; Holmes, conversely, was convicted on just four counts of wire fraud, but acquitted on four counts of defrauding patients. The…
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