Description: Some things never change and the Fraud Triangle seems to be one of those things. This panel discussion includes three different frauds that made the headlines in Texas during 2024. The perpetrators lived in different cities across Texas and their ages and occupations varied widely. Yet, the Fraud Triangle was consistent: opportunity, rationalization, and unshareable financial need (aka, financial pressure). Panelists will discuss the similarities of these three cases: “$8M Mortgage Scheme by the Short Sale Queen,” “$8.5M International Money Laundering re: Romance Schemes, Business email Compromise Schemes & More,” and “Nearly $1M ‘Cash Back” Scheme.” Discussants include: Erin Anker (CPA, CFE), Alexis Ford (CFE), and Carolyn Conn (CPA, CFE). Participants will be encouraged to provide their insights on how these fraud schemes might have been prevented.
Panelists: Erin Anker (CPA, CFE), partner in Mangold, Anker, Phillips with more than 25 years of experience in accounting, auditing, and taxes and specializations in business valuations, financial statement preparation, and internal control assessments. In recent years, she has expanded her expertise in forensic accounting and fraud investigations and analysis. Alexis Ford has over 16 years of auditing experience, including 10 years in internal audit at the UT System and six years as a minerals auditor at the Texas General Land Office. A graduate of UT Austin's McCombs School of Business with a degree in accounting, Alexis combines deep expertise with a passion for safeguarding publi assets and fostering ethical practices. Carolyn Conn (CPA, CFE), accounting faculty member at Texas State University, has more than twenty years of experience in higher education as an administrator and academician. Her areas of interest in teaching and research are ethics and fraud examination. Moderator: Doug Lowe (JD, LLM, CECFE, CFE), president, Austin ACFE.
Learning Objectives: After attending this session, participants will be able to: (1) describe multiple fraud schemes that made the news in Texas during 2024; (2) explain the similarities of the Fraud Triangle that existed in each of the schemes; (3) discuss controls that might have prevented these frauds.
Recommended CPE credit & Field of Study: 1 CPE hour & Specialized Knowledge
Refund, Cancellation & No-Show Policy: Refunds of frees paid for internet-based sessions may be provided only if registrant contacts Austin ACFE not later than 24 hours prior to the start time of the session & documents an emergency or similar event that prevented participation. For in-person events, registration cancellations and refund request must be made by contacting Austin ACFE not later than 5 calendar days from the start time of the session. Cancellations received less than 5 days prior to the event will not be refunded except for exigent circumstances. Contact must be made via e-mailto:info@austinacfe.com
In the event a registrant does not attend event, the registration cost will be forfeited. If payment at the door for in-person events was the selected method, the registrant will be billed for the full cost of the event. Austin ACFE reserves the right to bar from future events registrants who routinely register and fail to pay &/or attend events. For events provided by the Austin chapter at no cost to registrants, there will be no refunds.
Complaint Resolution Policy: Any concerns or complaints about registration for an event must be made within 14 calendar days of the event (with the event date counting as day 1) in writing to: info@austinacfe.com
NASBA Registry: The Austin 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 website: www.nasbaregistry.org
Non-profit Status: The Austin Area Chapter of The Association of Certified Fraud Examiners is a non-profit organization formed in the State of Texas and registered as a 501 (C) (6) organization with the IRS.
