Master Class - March 2020

Fake Executives and Frauds Involving
New Technology

Speaker
Scott Langlinais, CPA - Langlinais Fraud & Audit Advisory

Session Description

How could anyone be so [insert adjectives] as to fall for that?

It’s easy to judge in retrospect, yet highly educated financial executives in sophisticated companies are wiring money to unknown bank accounts in China, Turkey, the Caymans… only to learn later the ‘executive’ who made the request to wire the money was an imposter.

Some crooks have become quite clever. We’ve all received poorly worded emails full of grammar errors luring us to click on a link to an odd web address. However, some of the scams demonstrate a fundamental and deep understanding of human nature, and executives are falling into traps. Even if folks never fall for a spoofing or phishing attempt, they are still subject to ransomware, fake profiles & black markets on social media, and rogue phone apps.

In this session, we will examine common frauds involving new technologies, and how companies failed to recognize the pitfalls. We will gain an understanding of the symptoms of the problems, and how you can become more ‘street-smart’ in your organization about detecting those symptoms.

Speaker Bio

Scott has over 20 years of experience in fraud detection and investigation. He has planned and conducted examinations related to executive corruption, bribes, kickbacks, vendor overbilling and underperformance, and employee theft. Scott regularly reports his findings to Boards of Directors, has testified in court on fraud matters, and has submitted his findings to federal law enforcement.