Conducting an Internal Fraud Investigation -
A Practical Approach
December 18, 2014
Speakers: Craig L. Greene, Founding Partner of McGovern & Greene, LLP
and Nichole Harrison, Director of Fraud Control, MGM Resorts International
During this session, we will discuss a practical approach to internal fraud investigations. The focus will be primarily on corruption schemes and using the Right to Audit Clause to successfully investigate these cases.
— Commencing the Investigation – What are the first steps to take in conducting an internal investigation?
— Background Intelligence Gathering – What Internet and other resources can you use to gain intelligence on your subject, corrupt vendors and co-conspirators?
— Electronic and Paper Document Gathering – What documents should you gather either electronically or on paper and what to do with them once you have them?
— Vendor Audit Program - What methods can be used to effectively audit the vendor and find whether or not the vendor is committing fraud against your organization?
— Additionally, there will be a discussion on tips on designing programs for fraud prevention and detection that can be used for different size companies. There will also be real live examples of fraud cases and investigations that were conducted by our guest speakers.
Don't miss out on this event as it will be packed with useful and interesting information!
Confessions of a Casino Fraud Buster
March 2-4, 2015
Annual 3-day international conference and expo focused entirely on casino game protection
Join seasoned fraud buster Craig Greene as he discusses recent fraud cases and trends in the casino industry. Learn about his recent discovery of a software flaw in table games that corrupt employees can exploit in covering drop theft. Hear about his most recent corruption scheme involving an entertainment director. Always entertaining and highly rated, Craig gives you the insight you need to protect your casino from the enemy within.
• The latest casino scams
• Experts & industry leaders
• Game protection & surveillance best practices
• The latest surveillance technology
The American Gaming Association (AGA) released a first-of-its-kind study of the economic impact of the casino gaming industry in its totality. The Associated Press and CNBC have already reported on this groundbreaking new research.
Released as part of AGA's Get to Know Gaming campaign, Oxford Economics found that the U.S. gaming industry:
• Contributes $240 billion— nearly a quarter-trillion—to the U.S.economy, which is equivalent to the total state budgets of New York and Texas combined;
• Supports more than 1.7 million jobs—more than double Washington, D.C.'s total employment—and nearly $74 billion in income;
• Generates $38 billion in tax revenues to local, state and federal governments – enough to pay more than half-a-million teachers' salaries.
Oxford conducted an in-depth analysis on the economic impact, tax revenues and employment figures of commercial casinos, Native American casinos and gaming equipment manufacturers as well as our industry's significant ripple effect, which supports local businesses and communities.
The Association of Certified Fraud Examiners (ACFE) release their
2014 Report to the Nations on Occupational Fraud and Abuse
The Cost of Occupational Fraud
There is considerable attention paid to determining the overall cost of fraud. Executives want to know how significant the risk of fraud is to their companies, anti-fraud professionals need to justify budgets and satisfy performance metrics and the media and general public are curious about just how much money white-collar criminals are taking us for.
This ACFE report is based on 1,483 cases of occupational fraud, as reported by the Certified Fraud Examiners (CFEs) who investigated them. The analysis of these cases provides valuable lessons about how fraud is committed, how it is detected and how organizations can reduce their vulnerability to this risk. Read the 2014 ACFE Report.
The partners and staff of McGovern & Greene LLP are pleased to announce the successful completion of an independent peer review of our accounting and auditing practice. This review was undertaken as a condition of membership in the American Institute of Certified Public Accountants (AICPA), The National Organization of CPAs in public practice, industry, government and education.
Bankers, bonding agents, investors, suppliers, legal advisors and others use the financial statements our firm audits, reviews or compiles. We think those people, our clients, and our own staff deserve independent quality assurance that our firm provides quality services. We are proud of our peer review results and would be happy to answer any questions you might have.
Learn how to maximize recovery under complete or partial termination of contract
In the current political climate, companies that contract with the Federal Government need to be aware of the risks associated with Termination for Convenience (T for C) clauses. McGovern & Greene partner, Jim McGovern, has published a series of articles that specifically address these issues. Whether your company is currently engaged in a government contract, or you're considering bidding on one, you'll want to be fully informed on the specifics of government contracts discussed in Jim McGovern's articles: