(By Joe Koletar and Jack Bigelow) (See previous posting for background information) In Post 1 of this series, we noted that one factor involved in the FBI’s decision to reduce its investigative activity into mortgage fraud is that “The FBI does not act on its own….Other entities and institutions [must concur in its priorities]”. The […]
I (By Joe Koletar and Jack Bigelow) The Federal Bureau of Investigation is easing its investigation of mortgage fraud. This is a topic receiving national attention after the recent release of a report by the Justice Department’s Inspector General. The Report covers the period of 2009-2011 and indicates the FBI has downgraded mortgage fraud as […]
(wIth Daven Morrison, Joe Koletar, and Jack Bigelow) So wrote the finance chief at Dewey & LeBoeuf LLP to the Chief Operating Officer at the prestigious law firm in New York in 2008, according to an SEC complaint and 106-count indictment mentioned in the Wall Street Journal account of the indictment of the fallen firm’s […]
Fish Always Rots from the Head Down (With Daven Morrison and Jack Bigelow) In recent months, the U.S. military has been beset by a proliferation of fraud scandals. At first glance, some of the offenses may not seem like “fraud”. In the past seven years, the Navy uncovered at least five cases of cheating on […]
(With Daven Morrison and Jack Bigelow) Mathew Martoma (nee Ajay Mathew Thomas) has been convicted by a federal jury of insider trading and as of this writing awaits sentencing. Mr. Martoma was found guilty of recommending that SAC Capital Advisors, his employer, sell its shares in two companies after receiving a confidential report discussing problems […]
This research was funded by the Institute for Fraud Prevention at West Virginia University of which Dr. Sri Ramamoorti was a Board member representing Grant Thornton LLP. In this paper we use a primarily “behavioral lens” (cf. Ramamoorti, 2008; Ramamoorti & Olsen, 2007) to try to understand the state-of-mind and motivations of the C-level suite/white […]
Get practical insights on the psychology of white-collar criminals—and how to outsmart them Understand how the psychologies of fraudsters and their victims interact as well as what makes auditors/investigators/regulators let down their guard. Learn about the psychology of fraud victims, including boards of directors and senior management, and what makes them want to believe fraudsters, […]