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Green doesn’t mean ‘go’ with the rise of all-green interaction fraud
As fraudsters become more adept at using artificial intelligence, the authors warn of a new threat to financial services organizations. Instead of using AI to forge flawless documents, attackers are now training systems to imitate legitimate customers’ activities to make fraudulent transactions.
Written By: Zachary M. Kelley, Carolyn Conn, Ph.D., CFE, CPA
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- Computers and Technology
- Cyberfraud
- Fraud Risk Management
Investigative journalists built a global network to expose fraud and corruption
OCCRP founders Drew Sullivan and Paul Radu, recipients of the ACFE’s 2026 Guardian Award, have transformed international collaboration into a frontline defense against modern financial crime. They underscore why cross‑border partnerships are more vital than ever in exposing fraud worldwide.
Written By: Crystal Zuzek
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- Bribery and Corruption
- Government Fraud
- Money Laundering
From billions lost to billions saved: A blueprint for beating synthetic IDs
Synthetic identity theft, in which fraudsters stitch together real and fake identification details to create a brand-new identity, is now the fastest growing fraud threat across the globe. Here, the authors present a plan for crushing synthetic identities that could help organizations prevent billions of dollars in losses.
Written By: Dustin J. Eaton, CFE, Frank McKenna
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- Anti-Fraud Laws Regulations and Compliance
- Cyberfraud
- Identity Theft
Banks pay the price when they miss the signs of fraud
As fraud schemes become increasingly sophisticated, banks are facing growing scrutiny for denying customer reimbursement claims despite clear warning signs. Fraud examiners are well positioned to drive a shift toward evidence‑based investigations, stronger internal controls and more accountable institutional practices.
Written By: Catherine Mustico, CFE, Mary Scott
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- Anti-Fraud Laws Regulations and Compliance
- Consumer Fraud and Scams
- Investigation
Health care fraud schemes exposed and more
Health care fraud schemes targeted in U.S. and more.
Written By: Crystal Zuzek
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- Fraud Schemes
- Health Care Fraud
- Money Laundering
Impostors, investment schemes and social media’s impact
The evolution of impersonation and investment fraud is a call for institutions, regulators and individuals to adapt faster than fraudsters do. This article provides recent examples of impersonation and investment schemes, explains how social media propels them, examines the role of AI-generated deepfakes in these schemes and offers strategies that organizations can implement to combat deepfakes.
Written By: Alexander Dokuchaev, CFE, CPA/ABV
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- Financial Transactions and Fraud Schemes
- Fraud Prevention and Deterrence
- Fraud Schemes
5 most scandalous fraud cases of 2025
Cyber breaches and cryptocurrency scams dominated headlines in 2025 as fraudsters leveraged cutting-edge technology to steal billions. Yet, amid these high-tech schemes, some old-school fraud tactics resurfaced. Discover Fraud Magazine’s roundup of the year’s most notorious cases, as selected by the ACFE Advisory Council.
Written By: Anna Brahce, Crystal Zuzek, Jennifer Liebman, CFE
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- Cryptocurrency and Digital Assets
- Cyberfraud
- Fraud Schemes
- Health Care Fraud
Blank slates: Child identity theft is a repository for cyber criminals
Children are the perfect victims of identity theft because of their lack of credit history. Criminals can exploit a child’s identity for years until the fraud is discovered, usually when the child gets older and applies for loans, jobs or a credit card. Fraud Magazine examines the rise of the crime and methods fraudsters use to carry it out.
Written By: Crystal Zuzek
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- Consumer Fraud and Scams
- Criminology and Psychology
- Identity Theft
Scam compound operator indicted for fraud and more
In a sweeping indictment unsealed by the U.S. Department of Justice (DOJ), Chen Zhi, the 37-year-old chair of Cambodia-based Prince Holding Group, is accused of masterminding one of the largest forced labor and cryptocurrency fraud operations in modern history. Austrian ex-property tycoon René Benko has been sentenced to two years in prison. Messaging platform Discord has revealed that approximately 70,000 users may have had their official identification photos exposed following a cyberattack on a third-party age verification provider. Wendy Osefo, a sociology professor at Wesleyan University and cast member of “The Real Housewives of Potomac,” was arrested in Maryland alongside her husband, Eddie, on 16 counts of insurance fraud.
Written By: Crystal Zuzek
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- Bribery and Corruption
- Cryptocurrency and Digital Assets
- Cyberfraud
Lessons from the PFI Ponzi scheme
When California businessman Kenneth Casey died in 2020, he left behind a Ponzi scheme that defrauded more than 1,200 investors. Those investors sued Casey’s lender, Umpqua Bank, accusing it of being a partner in the scheme. In March, Umpqua agreed to pay $55 million to those investors. Here, the author details the scheme, the litigation that followed and how banks may strengthen their due diligence procedures to avoid accusations of fraud.
Written By: Francis Bueb, CFE, CPA, CISA
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- Fraud Prevention and Deterrence
- Fraud Risk Management
- Fraud Schemes
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