A key player in one of the most notorious corporate fraud cases in history will be the star attraction of an anti-fraud convention in Singapore later this year.
Andrew Fastow, former CFO of Enron, will address the very people trying to catch fraudsters like him, explaining his role in the energy giant’s collapse, which resulted in a $40 billion lawsuit and the world’s largest bankruptcy at the time.
More than 250 anti-fraud professionals from around the Asia-Pacific region will gather for the 2015 ACFE Asia-Pacific Fraud Conference at Marina Bay Sands in Singapore, November 4-6, to listen to leaders in the anti-fraud field.
Fastow will give attendees insight into the red flags that were ignored at Enron, and how his life was affected forever after his conviction.
Attendees will also hear from keynote speakers including Christophe Durand, Interpol’s head of cyber security. He will be joined by Barry Wong, VP and head of Asia Pacific for customer fraud management for MasterCard Worldwide, Gunawan Husin, principal consultant for Continuum Asia and James Ratley, president and CEO of the Association of Certified Fraud Examiners (ACFE).
Breakout sessions will include discussions about money laundering, the FIFA scandal and how to use advanced analytics to catch fraud before it is able to grow.
According to the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse, companies worldwide lose an estimated five per cent of their revenues to fraud. In the Asia-Pacific region, the median cost of each fraud is nearly US$240,000. More than half of the fraud cases reported resulted from corruption schemes, which cost an average of US$400,000 per case.
Special pricing for early registration is available until October 2. Visit: ACFE.com/AsiaPac for more information.
Founded in 1988, the ACFE is the world’s largest anti-fraud organisation and premier provider of anti-fraud training and education. With more than 75,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession.
