ACFE Washington Metro Chapter
December 2022 CPE Session (2 NASBA CPEs); December 15, 2022 (Thursday; 3:00 PM to 5:00 PM EDT)
- Free to ACFE Washington Metro Chapter members
- $20 for non-Chapter members
- To become an ACFE Washington Metro Chapter member, please enroll at http://www.acfedc.org
Agenda:
3:00 – 4:00 PM - Session 1: Department of Education Office of Inspector General’s Fraud Prevention Initiatives
4:00 – 5:00 PM - Session 2: Get Rich Quick: How to Embezzle from a Government Agency! The Marzieh Abedin Embezzlement Case Study
Department of Education Office of Inspector General’s Fraud Prevention Initiatives
Presenters: Department of Education Office of Inspector General
The U.S. Department of Education (ED) disburses about $112 billion in Federal student aid annually and manages or oversees an outstanding loan portfolio valued at more than $1.6 trillion. Additionally, ED administers more than 100 programs that involve 56 States and territorial educational agencies, more than 17,000 public school districts, more than 130,000 schools, and numerous other grantees and subgrantees. ED’s Office of Inspector General (OIG), an independent entity within ED, is responsible for identifying fraud, waste, abuse, and criminal activity involving ED funds, programs, and operations. It conducts criminal, civil and administrative investigations; independent audits and reviews; and recommends actions to address systemic weaknesses and improve ED programs and operations. Between October 1, 2021, and March 31, 2022, ED OIG’s Investigations Services secured more than $55.9 million in restitution, settlements, fines, recoveries, forfeitures, and estimated savings. In this session, ED OIG will discuss its initiatives including fraud awareness and fraud prevention efforts.
Get Rich Quick: How to Embezzle from a Government Agency! The Marzieh Abedin Embezzlement Case Study
Presenter: Rick Roybal (Matador Resources)
Marzieh’s organization gave her the authority to source and approve payments to third parties. But she was wise to the lax internal control environment. During the COVID epidemic, she quickly and adeptly stole identities and set up fake third parties to bilk the Oregon Health Authority of $1.5 million. She took advantage of her employer and ultimately defrauded the citizens of Oregon in order to line her own pockets.
In this session, Rick Roybal will discuss billing fraud, and why and how CFEs should also take a bird’s-eye view of the recent drivers and bigger themes behind billing fraud and the technological challenges organizations face in preventing and detecting it.
Location: Zoom address to be provided after registration.
Field of Study: Specialized Knowledge (Fraud-Related)
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
Cancelation Policy:
Full refunds are available anytime when requested prior to 3 days of the event. No refunds will be made for “No Shows” (a “No Show” is a person who registers for a program but who does not cancel registration or attend the program). A registered person may elect to transfer the registration to another person at any time. Cancellations can be made only by email at chapter@acfedc.org. Payments can be electronically made any time prior to the event start. Unfortunately, we are unable to accommodate "pay at the door" or payment by checks or cash.
The Association of Certified Fraud Examiners (ACFE) is the world's largest anti-fraud organization with nearly 85,000 members with the mission of reducing incidence of fraud and white-collar crime. The ACFE Washington Metropolitan Chapter aims to promote fraud detection and deterrence through educational training programs in the National Capital Region.
For additional information regarding Association of Certified Fraud Examiners (ACFE), please visit http://www.acfe.com.