Occupational Fraud and Money Laundering
According to estimates by the Association of Certified Fraud Examiners (www.acfe.com), the average company loses five percent of its annual revenues to fraud. Frauds can range from minor employee theft to the $11 billion dollar fraud at Worldcom. This course will alert business owners to steps they can take to reduce fraud in their organizations. This course will also alert investigators to red flags that may indicate money laundering. Money laundering has become an important topic since September 11, 2001, as some terrorist organizations are thought to launder money to finance their activities.
Social Media and Law Enforcement
Many opportunities exist for law enforcement professionals to use the tools for community outreach. The purpose of this project is to create several online learning modules for law enforcement professionals to develop the requisite foundation of skills to use these technologies effectively. For example, some police and fire departments are already use technologies like Facebook or Twitter to get information out to their communities immediately, rather than needing to wait for the next day’s local print media release. Facebook allows instant dissemination of multimedia information to other subscribed Facebook users; Twitter enables short messages to be dispersed to mobile device users instantaneously. Both have been shown to positively impact communities that have embraced these technologies. Blogs (online “journals”) and podcasts (audio recordings) have also been used successfully to provide educational information about topics such as home safety as well as drug and alcohol related issues. Short YouTube videos are also an excellent way to provide educational information to the general public.
Social Networking Sites and Fraud Investigation
This seminar covered how the Internet can be used as an important source of information when conducting fraud examinations. Attendees developed an understanding of how to use social networks to aid investigations, legal issues concerning information obtained from the internet, optimization of investigative searches and find information available through public records. The seminar also provided examples of computer related fraud schemes and case studies to enhance understanding of material covered.
Rider University participated in the Internal Revenue Service’s Adrian Project Student Fraud Conference, in which 21 Norm Brodsky College of Business students worked alongside IRS criminal investigation agents to solve a fictional case. The daylong mock criminal investigation was held on the Lawrenceville campus, primarily in Sweigart Hall. Click below to see articles/videos from the event.
Trenton Times Article
State Auditor Presentation
This presentation was made by Dr. Dorothy A McMullen, CPA, CFE, FCPA, CICA, Associate Professor of Accounting, made a presentation on behalf of the Center for Business Forensics entitled “Occupational Fraud and Abuse: Now Playing at an Organization Near You” to a group of 230 auditors for the State of New Jersey. The presentation was part of a daylong CPE training session for auditors in the State of New Jersey that focused on fraud indicators, how fraud is investigated and how fraud is executed.
Basics of Fraud Detection
This seminar covered the fundamentals of fraud detection and prevention. Topics included: fraud theory, understanding why people commit fraud, defining elements of fraud, forensic audit techniques, deterection and prevention strategies. View a video of the presentation.
Below are sample case studies developed by the Center for Business Analytics. Click on the titles to view a description for each project.