The Houston ACFE invites you to join us for our Monthly virtual training! It's the 4th Tuesday of each month, so mark your recurring calendars!
PLEASE NOTE: THERE IS A CHANGE IN THE USUAL TIME - THIS PRESENTATION IS FROM 3:30 PM TO 4:30 PM CENTRAL TIME - THIS MONTH ONLY!!!
Speaker: Frank McKenna, Chief Fraud Strategist, PointPredictive
Title: Founder Fraud - The Fake Account Fraud Scheme That Cost Chase Bank $175 Million
Description: In this session Frank McKenna will examine one of the largest fake account scandals in recent history. Charlie Javice, founder of the student lending website "Frank" is accused of fabricating millions of fake accounts and then selling her company to Chase for $175 million dollars. Hear how she is accused of committing this fraud against Chase and why fake accounts are such a big problem in new fintechs.
Bio: Frank McKenna is the Chief Fraud Strategist of Ai firm Point Predictive and creator of the blog FrankonFraud - a publication that reports on industry fraud trends. He has worked in the Anti fraud industry since 1990, providing consulting and advisory services to over 250 banks globally.
Learn more about Frank here: https://frankonfraud.com/
Learning Objectives:
- Identify the difference between fake accounts and real accounts and how this happened in this case example.
- Identify techniques used to establish fake accounts and how this happened in this case example.
- Learn how AI can identify fake accounts
Prerequisites: Not Applicable
Field of Study: Specialized Knowledge
Who Should Attend: Anti-fraud professionals, Auditors, Accountants, Attorneys, Investigators, Law Enforcement, Educators, Students
Advanced Preparation: None
Program Level: Basic
Agenda:
3:20 ZOOM OPENS
3:25 PM - ACFE BOARD REMARKS AND INTRODUCTION
3:30 PM - 4:30 PM PRESENTATION BEGINS
Recommended CPE hours: 1.0 credits.
Event Policies
In order to receive CPE credit for this presentation, the attendee must attend for 50 minutes and answer three poll questions randomly presented during the event.
Program Cancellation Policy
If you have registered and/or paid for an event and you need to cancel, you MUST cancel online through your account no later than 5 days prior to the event, unless otherwise indicated in specific event policies, to request a refund and/or cancel your registration. The Chapter must confirm event registrations with the venue prior to the event and any changes after this time period can become a financial cost to the Chapter. The Chapter reserves the right to make the final determination on what percentage charge/refund will be returned for cancellations made after the cutoff. The default condition is that cancellations made after cutoff will be charged at 100% and/or no refunds will be allowed. In the event the Chapter determines that partial charges or refunds will be allowed, they will be made on a case by case basis.
In the event of having to cancel one of the events, the Chapter would immediately send an email blast to all registrants with the emails they used for registration. The Chapter media relations officer would post on all social media platforms notifying members of the cancellation, and the Chapter webmaster would also post cancellation on the Chapter website.
In the event an attendee does not show up to the event, the registration cost will be forfeited. If payment at the door was the selected method, then the attendee will be billed for the full cost of the event. The Chapter reserves the right to bar future registrations for any attendees who routinely register and fail to pay and/or attend the event. If you have any questions you may email events@houstonacfe.org."
For more information regarding refund, complaint and/or program cancellation policies, please visit the Terms & Conditions section of the website, or email us at events@houstonacfe.org.
Additional Information:
Delivery Method: Group Internet Based
NASBA Sponsor No. 125230
The Houston Area Chapter of the Association of Certified Fraud Examiners is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org
For concerns regarding course offerings, certifications or complaints, please contact: Houston ACFE at events@houstonacfe.org.
