Presentation:   The Enron Fraud Case and Lessons Learned

Speaker:  Andrew S. Fastow, Convicted Fraudster and Former Enron CFO

Mr. Fastow was the Chief Financial Officer of Enron Corp. from 1998 – 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011, and now lives with his family in Houston, Texas. Mr. Fastow currently consults with Directors, attorneys, and hedge funds on how best to identify potentially critical finance, accounting, compensation, and cultural issues. He is also a Principal of KeenCorp, an artificial intelligence software company.

Mr. Fastow received a BA in Economics and Chinese from Tufts University and an MBA in Finance from the Kellogg Graduate School of Management at Northwestern University. Prior to joining Enron, he was a Senior Director in the Asset Securitization Group at Continental Bank N.A.

Since his release from prison, Mr. Fastow has been a guest lecturer at universities and corporations, and at conferences for management, corporate directors, attorneys, accountants, and certified fraud examiners. Mr. Fastow was recently keynote speaker at the United Nations’ Principles of Responsible Management Conference, the FBI’s Advanced Financial Crimes Seminar, the Association of Certified Fraud Examiners Annual Conference, the American Accounting Association Annual Conference, and the Financial Times’ Outstanding Directors Conference.

Presentation Description: 

Despite today’s more regulated and enlightened business environment, we continue to witness “Enron-esque” failures of corporate governance and compliance. Enron’s former CFO will make observations about how the ambiguity and complexity of laws and regulations breeds opportunity for problematic decisions and will discuss what questions corporate directors, management, attorneys, fraud examiners and auditors should ask, in order to ensure that their companies not only follow the rules, but uphold the principles behind them. 

Finally, he will discuss ways in which technology can be deployed to illuminate such problematic situations. 

CPE Credits:   2 Credit Hours

Presentation:  The Crazy Eddie Fraud: Confessions of a White-Collar Criminal

Speaker:  Sam Antar, Convicted Fraudster and Former Crazy Eddie CFO

Sam Antar is a convicted felon and a former CPA. As the CFO of Crazy Eddie, Mr. Antar helped mastermind one of the largest securities frauds uncovered during the 1980s.

Today, Sam Antar is a forensic accountant. His primary work focuses on identifying and investigating public companies engaged in securities fraud by performing an in-depth (deep-dive) forensic analysis. In addition, he advises law enforcement agencies and professionals about white-collar crime and trains them to catch the crooks. His clients include government agencies, law firms, accounting firms, independent investment research firms, hedge funds, public companies, and other organizations.

Sam E. Antar’s “White Collar Fraud” blog (www.whitecollarfraud.blogspot.com) investigates white-collar crime, securities fraud, accounting irregularities, corruption, and other related topics. Material from his blog has been used by the Securities and Exchange Commission and in class action lawsuits against certain public companies for improper accounting practices. In 2008, Mr. Antar’s blog was recommended by the Journal of Accountancy and is widely quoted in the media. In 2012, The Huffington Post named Sam Antar one of the 25 most feared financial reporters in America.

Sam E. Antar views on white-collar crime are frequently quoted in the print news media, online news media, TV media, professional journals, books, and blogs. He has appeared on Fox News, Fox Business Channel, CNBC, Canadian Broadcasting Corporation, Canadian Business News Network, National Public Radio's Planet Money, Progressive Radio Network, Reuters TV, RT News, and other media outlets to give insights on white-collar crime.

Presentation Description: 

Crazy Eddie, Inc. was a retail electronics firm whose principals perpetrated one of the biggest securities frauds of the 1980s. Sam E. Antar, Crazy Eddie’s CFO, avoided jail time only by cooperating with the FBI and SEC. The course will provide first hand details of the Crazy Eddie fraud and explain how those engaged in fraud prey on the psychological and cognitive vulnerabilities of gatekeepers such as attorneys and accountants, and their victims. It will discuss why the current framework involving, compliance, audits, and law enforcement do little to protect investors from fraud. Finally, the course will offer tips and techniques on spotting criminal behavior and accounting fraud using both the Crazy Eddie fraud and current cases as examples.

CPE Credits:   2 Credit Hours

Presentation:   The Wolf of Wall Street

Speaker:  Gregory Coleman

Gregory Coleman, Retired Special Agent, Federal Bureau of Investigation is the FBI Special Agent responsible for the criminal investigation of Jordan Belfort. Belfort’s rise to power and subsequent arrest and conviction were chronicled in the movie, “The Wolf of Wall Street”. Coleman is a frequent keynote speaker and guest lecturer on The Wolf of Wall Street investigation as well as topics including international money laundering, risks associated with Bitcoin, and body language and statement analysis. Coleman has spoken to audiences in 14 countries and has significant experience giving presentations utilizing simultaneous translation.

On January 30, 2015, Mr. Coleman retired from the FBI with over 25 years of experience investigating financial crimes and money laundering in the FBI’s New York City office. During his career, Mr. Coleman specialized in complex market manipulation and international money laundering investigations with a special emphasis on investigations where the proceeds of crime were laundered using offshore shell corporations and trusts. As the case agent in charge of those investigations, Mr. Coleman was responsible for the overall direction of all investigative activities, including the tracing of illicit funds, witness interviews, confidential source development, and document analysis.

Mr. Coleman is a frequent keynote speaker and guest lecturer on “The Wolf of Wall Street” investigation as well as topics including international money laundering, risks associated with Bitcoin, and the use of body language& statement analysis.

Presentation Description:  Coming soon!

CPE Credits:   2 Credit Hours

Presentation:  Finding People and Assets on Social Media

Speaker:  Mason Wilder, CFE

Mason Wilder, CFE is a Research Specialist with the ACFE, where he creates, edits, and updates professional education materials with a focus on investigation, writes content for the various ACFE publications, responds to member and media inquiries, and stays up to date with all things fraud-related. He has a journalism degree and a professional background in corporate security intelligence, investigations, and risk management.

Presentation Description:  Learn how to use Internet services and websites, such as social media and other information resources, to obtain information about assets, people, businesses and fraud in general. Also, you will learn how to determine the location of a website’s server and a five-step approach to conducting an Internet investigation.

CPE Credits:  2 Credit Hours

Presentation:  Reading the Tells – Learning How to Read Body Language for CFE's

Speaker:  Jerry Balistreri, B.S, M.S., M.Ed., DTE

Jerry Balistreri, B.S, M.S., M.Ed., DTE is a professional educator, administrator, trainer and author. His training on how to read body language leaves participants wanting more and creates a memorable experience. Jerry gets the participants involved with fun learning experiences that leave them with concrete knowledge of how to read body language and what the "tells" mean.

Jerry has been training, researching, writing, and speaking on non-verbal communication for over thirty years. Jerry delivers customized trainings, keynote addresses, and conference sessions.

Presentation Description:  

Reading the Tells is a powerful training seminar that give CFE’s and investigators practical techniques, tools, and strategies for understanding and using non-verbal communication for the highest impact and effectiveness. This training session WILL improve your questioning techniques and knowledge base on using non-verbal communication to your advantage during interviews.

CPE Credits:  2 Credit Hours (Meets CFE Ethics Requirements)

Presentation:  Cyber Security/ Cyber Fraud

Speakers:  Dan Ramey, Founder and President of Houston Financial Forensics LLC

Dan Ramey is the Founder and President of Houston Financial Forensics, LLC and Dan T. Ramey, CPA, LLC. Dan is a frequent speaker to business and professional groups on fraud, cyber security / cyber fraud, risk assessment, third-party risk management, fraudulent financial reporting, internal audit, COSO 2013, valuation methodology, compliance, and due diligence. Dan was recently awarded, Educator of the Year by the Houston ACFE Chapter for his teaching at University of Houston, Bauer College of Business.

Houston Financial Forensics, LLC is a professional services provider in the areas of fraud investigation, cyber security / cyber fraud risk assessment, forensic accounting, enterprise and IT risk assessment, fraud risk assessment, internal audit, enterprise risk management, internal controls design and implementation, business valuation, litigation support, third-party risk management services, internal audit department quality assurance reviews, SOX 404 services, and due diligence (buy-side and sell-side) for mergers and acquisitions.

Dan is a graduate of Baylor University with a degree in Accounting and an Executive MBA from Houston Baptist University. He is a member of Second Baptist Church where he serves as a Deacon and has served on various committees since joining the church in 1981. Dan also serves on the Houston Baptist University Archie W. Dunham College of Business Dean’s Development Council and the Accounting Advisory Board at C. T. Bauer College of Business at the University of Houston where he is also the Chair of the Outreach Committee.

Presentation Description:  Coming soon!

CPE Credits:  2 Credit Hours

Presentation:  The Shallowest of Men: Murder, Money Laundering and the Global Search for Justice

Speaker:  Jeff Filliter, CFE, IAFCI - President J.R. Filliter Investigative Services

Jeff Filliter is a seasoned investigator, with 40 years of experience with the R.C.M.P., Scotiabank, and in private practice. He attained an honors degree in Administrative Studies (BA), with distinction, has been a Certified Fraud Examiner (CFE) since 1995, and is a member of the International Association of Financial Crime Investigators. He holds a Private Investigators Licence in the Province of Ontario, and is affiliated with Froese Forensic Partners Ltd., in Toronto, a forensic accounting and financial investigative firm.

Jeff has a solid investigative and law enforcement background, specializing in domestic and international fraud, risk assessment and mitigation, and asset tracing and recovery. He is accomplished in areas of mortgage, lending and credit fraud; internal fraud and theft; corporate and commercial fraud; and dealing with high-ranking legal and government officials and law enforcement executive, on a global scale. Jeff has significant involvement with threat risk assessment, management, and mitigation; loss prevention; and standards and best practice policy.

Jeff is an expert in financial and white-collar crime; fraud; asset tracing and recovery; money laundering; proceeds of crime; forensic investigations; and risk management. He has provided expert testimony in both civil and criminal proceedings globally, and has been declared a professional witness in the United Kingdom in relation to wire transfer fraud. He has developed linguistic skills in Spanish and French.

Jeff has written a book entitled “The Shallowest of Men”, which was released in March of 2016, based on a seven year murder, international fraud, and money laundering investigation he completed in 2008.

Presentation Description: This session will provide an in-depth examination of a factual six-year criminal investigation, personally conducted by the presenter, involving murder, fraud, money laundering, tracing and seizure of assets (proceeds of crime), and overcoming corruption at the highest levels of a foreign government.

The session will also review the legal processes encountered in this multi-jurisdictional, international investigation, the forensic examination of evidence used to identify those involved in this multimillion-dollar employee fraud, and the methodology used in the investigative process and recovery of assets, all in an effort to bring those responsible to justice in a foreign jurisdiction.

CPE Credits:  2 Credit Hours

Presentation:  Dark Web/Cyber Security/Cyber Fraud

Speaker:  Eric Shirk

Eric Shirk is a litigation principal in BDO Consulting’s Forensic Technology Services practice and is the national leader of the group’s digital forensics and cyber investigations team. With over 20 years of experience, he specializes in conducting both domestic and international investigations for corporations and their legal counsel most commonly in the financial, healthcare and energy sectors.

In addition to providing clients with his investigations expertise, Mr. Shirk also provides consulting services involving cyber threat hunting, discovery protocols, neutral third party analysis agreements, 26(f) conferences, protective orders, preservation and collection protocols and 30(b)(6) preparations. Mr. Shirk also frequently provides expert witness testimony in both state and federal courts most commonly in the areas of intellectual property theft and digital evidence spoliation.

Prior to joining BDO he was a Managing Director and Technical Consultant for UHY Advisors where he oversaw the firm’s digital forensics practice. He is the sole inventor for a US Patent for “System and Method for Preserving Electronically Stored Information”. This solution is marketed as “Tristan” and allows a layperson to complete a forensic image of a laptop, desktop or server computer.

Presentation Description:  The digitization of our world and the relative immaturity of our overall cyber security programs makes for a target rich environment for cyber attackers. The sheer data volumes and distribution of data sources can make any fraud investigation a daunting task. During this presentation BDO Advisory will discuss current risks and trends in cyber security and cyber fraud. Further, we will outline how the use of the dark web can help organizations detect/prevent cyber fraud as well as increase the efficiency and thus reduce the costs of their cyber fraud investigations.

CPE Credits:  2 Credit Hours 

Presentation:  Volkswagen Fraud Case

Speaker:  Steve Morang, CFE, CCEP, CIA, CRMA

Steve Morang, CFE, CCEP, CIA, CRMA is known internationally as a Fraud and Ethics "Gun for Hire", Steve has been featured in publications such as Forbes, American Banker and Fraud Magazine. Additionally, Steve is the author of the Big Frauds column of Fraud Magazine and an Adjunct Professor of Fraud & Ethics at Golden Gate University. Steve is also President of the San Francisco Chapter of the ACFE and an active member of the San Francisco Bay Area Infragard Chapter including an FBI security clearance. (FOUO)

Steve has also established Frank, Rimerman's first Forensic IT Lab, which has the ability to support both local and long distance investigations using best in class EnCase Forensic Software and specialty forensic hardware.

Presentation Description:   On Sept. 18, 2015, the U.S. Environmental Protection Agency (EPA) issued a notice of violation of the Clean Air Act to German automaker Volkswagen Group. The EPA contended that Volkswagen had intentionally programmed diesel engines to activate certain emissions controls only during laboratory emissions testing. The programming changed the vehicles’ nitrogen oxide (NOx) output to meet U.S. standards during regulatory testing but released up to 40 times more NOx in real-world driving. Volkswagen installed this programming in approximately 11 million cars worldwide and in 500,000 cars in the U.S. from 2009 through 2015. (See Volkswagen Says 11 Million Cars Worldwide Are Affected in Diesel Deception, by Jack Ewing , The New York Times, Sept. 22, 2015.)

Volkswagen immediately became the target of regulatory investigations in more than a dozen countries, and Volkswagen’s stock price fell in value by a third shortly after the news broke. Within days, the powerful Volkswagen Group CEO Martin Winterkorn resigned, and the company suspended three senior managers. Volkswagen then announced plans to spend $7.3 billion on rectifying the emissions issues and planned to refit the affected vehicles as part of a recall campaign. The scandal raised awareness over potential cheating at a variety of car manufacturers. (See Volkswagen CEO Resigns as Car Maker Races to Stem Emissions Scandal, by William Boston, The Wall Street Journal, Sept. 23, 2015.)

On April 21, 2016, the U.S. District Court for the Northern District of California (which the U.S. Department of Justice appointed in December 2015 to oversee almost all U.S. litigation, including all claims filed by vehicle owners and state governments) announced that Volkswagen will offer its U.S. customers “substantial compensation” and car buyback offers for nearly 500,000 vehicles, as part of a settlement aiming to resolve the emissions scandal in North America, according to Volkswagen Reaches Deal in U.S. Over Emissions Scandal, by Jack Ewing, The New York Times, April 21, 2016.

CPE Credits:  2 Credit Hours

Presentation:  Leveraging Technology in Fraud investigation and Data Analytics

Speaker:  Jesse Daves & Kirstie Tiernan, CFE, OCA

Jesse Daves is a Managing Director in the Global Forensics & Investigations practice with over 20 years of experience providing a combination of audit, forensic accounting and investigative services to clients across a wide range of industries including, energy, retail, real estate and manufacturing.

Mr. Daves has conducted fraud-related investigations involving numerous issues, including alleged violations of the Foreign Corrupt Practices Act (FCPA), embezzlement, kickbacks, Ponzi schemes, conflicts of interest and a variety of employment matters.

He has worked directly with all levels of management, general and outside counsel as well as the Harris County District Attorney’s Office, the United States Attorney’s Office, the Federal Bureau of Investigation and the Securities and Exchange Commission.

Mr. Daves has testified as an expert witness and has also assisted legal counsel before and during trials by planning and strategizing how to examine witnesses and present evidence.

Kirstie Tiernan, CFE, OCA is a Managing Director in BDO Advisory’s Technology and Business Transformation Services department in the Chicago office with more than 15 years of experience providing data analytics, technology consulting, and risk management services. A Certified Fraud Examiner and an Oracle Certified Associate, Kirstie assists clients with utilizing data across the organization from multiple sources, locations, systems, languages, and functions.

Kirstie is experienced in managing big data analytics projects requiring the collection of entire ERP systems with experience in many accounting systems, including PeopleSoft, SAP and Oracle. Managing a team of database and data analytics experts, she provides clients with the necessary dashboards, statistical models, and predictive analytics to turn data into information upon which key business decisions are made. Applying her expertise in artificial intelligence and machine learning, Kirstie regularly works with clients to prevent and detect organizational fraud.

Kirstie approaches projects with a focus on process efficiency, regularly implementing technological advancements within systems and databases in order to improve and accelerate time-consuming client processes. She also incorporates strategic data analytics initiatives to assist litigants, claimants, investigators and auditors with creating decisive and definite reports and conclusions.

Presentation Description:  Most organizations will, regardless of size, experience fraud at some point in their business cycle. Analyzing and visualizing the data that already exists within an organization’s current infrastructure can play a critical role in connecting the dots in the prevention, detection and investigation of fraud. In this presentation, BDO will focus on ways to leverage large amounts of data and effectively incorporate data analytics, machine learning and artificial intelligence into your efforts to protect against fraud.

CPE Credits:  2 Credit Hours

Presentation:  When the dust settles; why does the blame game point to the external auditor?

Speaker:  Phil Innes, CPA, CVA & Stacy L. Williams

Philip J. Innes, CPA, CVA is an Executive Director in Ernst & Young’s Assurance practice where he focusses on assisting clients in financial investigations and disputes. He has over thirty years of experience providing a variety of auditing and consulting services. Mr. Innes has been designated as an expert in accounting, finance and valuation in litigation matters involving breach of contract, securities, anti-trust, fraud, intellectual property, and application of Generally Accepted Accounting Principles and auditing standards including serving as an accounting expert for the Securities and Exchange Commission. Phil has extensive experience advising clients involved in various commercial disputes regarding the calculation of damages including the application of valuation methodologies. In these matters Phil works diligently to understand the client’s unique business and the markets in which they operate. He strategizes with senior management and counsel to determine strategic approaches to complex issues ultimately synthesizing the solutions into a simple to understand presentation that is presented to the trier of facts. These solutions and the presentation have to be thorough because they are subject to severe cross examination by opposing parties.

Phil brings to bear his experience as a financial auditor, forensic accountant and former Chief Financial Officer when assisting clients who are facing internal or external investigations and prosecution. He has successfully investigated allegations of accounting and financial improprieties presenting findings to the Department of Justice and Securities and Exchange Commission. He has served as a Compliance Monitor in the role of overseeing a company’s compliance with its deferred prosecution agreement and has supported others in their role as a Compliance Monitor.

Mr. Innes has also served as an arbitrator in post-acquisition disputes regarding a variety of accounting matters and application of GAAP and contract terms when assessing purchase price adjustments and valuation of earn outs.

Stacy L. Williams is an energy lawyer with extensive litigation and executive in-house counsel experience.

Stacy’s energy experience spans commercial, oil and gas, antitrust, contract dispute, lease dispute, royalty dispute, fiduciary relations, real estate, fraud and partnership issue cases. He has also counseled clients on various regulatory, corporate governance and compliance issues, appearing before the U.S. Supreme Court and federal and state appellate courts.

Prior to joining Reed Smith, Stacy served as the primary legal advisor for the U.S. natural gas executive team at Transcanada, overseeing strategy and operations for the company’s U.S. natural gas pipelines. In this role, his responsibilities extended across corporate governance, compliance, litigation, regulatory, environmental, construction, antitrust, labor and employment, commercial transactions and budgeting. He is also skilled at facilitating corporate mergers and was responsible for integrating the TransCanada and CPG Legal Departments.

Presentation Description:  In the wake of recent settlements stemming from the failures in the banking industry it is time to remind ourselves of the various roles that management, audit committees, internal and external auditors play in detecting fraud. The discussion will take the audience through the auditors initial consideration of fraud in the planning stages and throughout the financial statement audit engagement. The presenters will share with the audience tips for increasing professional skepticism, a foundational requisite for identifying potential fraud. Additionally, the presenters will provide insights into what occurs when an allegation of fraud that is material to the financial statements occurs.

CPE Credits:  2 Credit Hours

Presentation:  Ethics

Speaker:  Ryan Hubbs, CFE, CIA, CCEP, PHR, CCSA

Ryan C. Hubbs is the global anticorruption and fraud manager for Schlumberger in Houston, Texas. Hubbs has more than 16 years of experience managing corporate investigations, forensic audits and compliance initiatives. He has conducted hundreds of sensitive internal engagements concerning fraud, corruption, contracts, vendors and suppliers, and employee-related issues. Hubbs also has extensive experience with organization-wide anti-fraud and compliance programs and measures, corporate investigation programs and protocols, and fraud data analytics. He has extensive experience investigating and researching anonymous shell company networks as well as developing analytics and process improvements to combat this emerging fraud risk area. Hubbs also previously served 13 years as a commissioned law enforcement officer in both Louisiana and Texas.

Hubbs is a member of the ACFE Faculty where he co-presents the CFE Exam Review Course, as well as specialized training such as Interviewing Techniques for Auditors, Auditing for Internal Fraud, Contract and Procurement Fraud, Detecting Fraud Through Vendor Audits, Principles of Fraud Examination and Conducting Internal Investigations. Hubbs co-wrote the guidance to the ACFE Standards and developed the ACFE Chapter Leaders Resource Guide. He has served ten years as an ACFE Chapter President and officer for both the New Orleans and Houston ACFE Chapters. In his role as President of the Houston ACFE Chapter he helped guide the chapter to be recognized as the ACFE’s 2014 Chapter of the Year and the recipient of the ACFE’s 2015 Chapter Newsletter of the Year. Hubbs’ continued involvement and contributions in the anti-fraud profession resulted in him being awarded the Greater Houston Fraud Impact Award in 2014.

Hubbs is also active in education, training and research. Hubbs has published articles in both Fraud Magazine and Security Management Magazine. He was the recipient of the 2015 ACFE James R. Baker Speaker of the Year Award. He was also the recipient of the 2013 ACFE Hubbard Award for having the most recognized article in Fraud Magazine. He has contributed to the ACFE by providing original content for several ACFE training programs. He is an active and highly sought after presenter on anti-fraud topics and is one of the ACFE’s highest-rated speakers. Hubbs has been a repeat presenter at several of the ACFE Global Fraud Conferences.

Hubbs graduated from Louisiana State University with a Bachelor of Science in Business Administration and a minor in Sociology/Criminology. He later graduated from Louisiana State University with a Master's in Business Administration. He is a Certified Fraud Examiner (CFE), Certified Internal Auditor (CIA), Certified Compliance and Ethics Professional (CCEP), Certified in Control Self-Assessment (CCSA) and Certified Human Resources Professional (PHR).

Presentation Description:  Coming soon!

CPE Credits:  2 Credit Hours

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