Webinar

The Three Million Dollar Ribbon

If you have questions about this event, please call us at 952-831-2707.

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Two conmen used lies and falsified documents to convince the State of Tennessee to give them a $3,000,000 economic development grant to create 1,000 jobs by purchasing and rehabilitating a vacant factory in rural Tennessee. Instead, they spent most of the money on an extravagant lifestyle and invested over $1M in a scheme to defraud the U.S. Federal Emergency Management Agency (FEMA) out of over $30,000,000 pursuant to a contract to provide the tarps for areas such as Puerto Rico, affected by hurricanes. This session provides a detailed case study of how the investigators accumulated, organized, and analyzed hundreds of documents, identified the falsifications and misrepresentations, conducted multiple interviews, and ultimately convicted the conmen. This case study provides multiple takeaways for detecting and investigating grant fraud, which is especially relevant in light of the numerous federal stimulus programs in recent years.

Major subjects

• Internal Controls.
• Fraud Prevention.
• Fraud Detection.
• Fraud Investigation.

Learning objectives

• Learn the relationship between the three elements of fraud and how fraudsters think.
• Understand how internal controls prevent fraud.
• Learn the red flags to look for to identify fraud.
• Learn to investigate fraud.

Who should take this program?

• Finance management, business management, bookkeepers, accountants, grant management, Auditors, fraud examiners.

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.