Fraud Facts
A fraud examiner is hired when there is what?
What is predication.
This is creating exact patterns that seem unsuspecting.
What is data mining.
These types of banks are more willing to help victims of fraud.
What are small banks.
This is a person known for reporting suspicions of fraud.
What is a whistleblower.
This uses machine learning to identify and address anomalies for shipment tracking and fleet management .
These are examples of what kind of action?
Enhanced data security measures
Ethics training programs
Strengthened compliance framework
What are preventative actions.
How much time do you have for crypto-currency tracing?
What is 3 days.
This person was the whistleblower in Dixon.
Who is Kathe Swanson.
What is the difference between an accountant and a forensic accountant?
What is conducting an investigation into fraud.
These are examples of what kind of action?
Immediate termination of involved employees
Legal proceedings
Client communication
What are corrective actions.
What are the solvability rates of fraud?
What is 8-10%.
How do fraudsters want you thinking?
What is irrationality.
What is the act that makes it illegal to submit claims for payment to Medicare or Medicaid that you know are false or fraudulent.
What is the False Claims Act.
What are core elements of ethical leadership?
What is:
Leading by example
Promoting transparency and open communication
Prioritizing ethics in decision making
Building trust and respect
Accountability and responsibility
What is the age range for scammers?
What is 18-22 year olds.
This is an investment scam where fraudsters gain the trust of victims over time and then deceive them into investing in fake crypto assets or another fraudulent investment opportunity.
What is pig butchering.
What is Physician Self-Referral Law.
This is something you are looking for in a fraud prevention check up.
What is:
Fraud risk oversight
Fraud risk ownership
Fraud risk assessment
Fraud risk tolerance and risk management
This is someone who transfers or moves illegally acquired money on behalf of someone else.
Who is a money mule.
This is an investment fraud that pays existing investors with funds collected from new investors.
What is a Ponzi scheme.