Latest Articles

U.S. sanction law targets Gupta network

It’s been a great week for the fight against corruption. The Gupta network of shady deals has been dealt a… Read More »

Drexel University professor spent federal grants at strip clubs

A former Drexel University professor allegedly spent almost $200,000 of federal research money on strip clubs and other personal expenses,… Read More »

Protecting whistle-blowers in the digital age

Speaking at the #ACFESA Africa conference this week on protecting whistle-blowers in the digital age. Lots of interesting other talks.… Read More »

Call for forensic investigation into farmworker equity schemes

When Jolande Smith and 240 other farmworkers became shareholders in the Langwyde Werknemers Trust 10 years ago, they were led… Read More »

Garmin SA shopping website hacked

Garmin South Africa’s shop[dot]garmin[dot]co[dot]za website was hacked. This was according to an email sent out on 12-Sep-2019 by Garmin SA… Read More »

VP steals $5.4m from Goldman Sachs to pay gambling debt

Online poker was the undoing of Ashwani Jhunjhunwala, Goldman Sachs’ VP in India. Police have arrested him for stealing Rs… Read More »

VBS theft, money laundering & life’s little luxuries: Julius Malema’s time of spending dangerously

The lifestyle and political aspirations of EFF president Julius Malema were also funded from the R16m robbed from VBS Mutual… Read More »

Regiments Capital ‘stole’ R349m from pensioners in 4 days

Regiments Capital has agreed to an astounding R500m settlement with the Transnet Second Defined Benefit Fund (TSDBF). Regiments, a financial… Read More »

Millions of dirty Bobroff cash forfeited, thanks to NPA

South Africa’s NPA Asset Forfeiture Unit has gotten a court order forfeiting over R103m of the Bobroff’s crime-tainted cash. It’s… Read More »

How Axiata uses data analytics to thwart telecom fraud

Telecom fraud is rapidly becoming one of the biggest sources of revenue loss for telco providers everywhere. A low-risk alternative… Read More »

When fraud meets advanced tech

For years, auditors have focused on internal controls to assess if the control environment works effectively to reduce the risk… Read More »

Whistleblowers need our trust and our protection

Fraud researcher and documentary filmmaker Kelly Richmond Pope shares lessons from some of the most high-profile whistle-blowers of the past,… Read More »

Ghost workers could kill your company

Are you paying salaries to people who don’t work for you, or who don’t exist? Ghost worker fraud on a… Read More »

Medical aid schemes caught in a vice between fraud and claims of racial profiling

Fraud against medical aid schemes is a big problem worldwide. But in South Africa, there is another aspect to the… Read More »

Are you ready to fight fraud?

Strengthening the internal control system and the control environment will help reduce the likelihood of fraud happening as well as… Read More »

KPMG fallout: cheating allegations raise new questions

After new allegations at KPMG of cheating on internal training tests, audit committees now have questions about their external auditors’… Read More »

10 tips to avoid common financial scams

Data breaches, identity theft, online scams – every year, a destructive flood of fraud sweeps the world, leaving countless victims… Read More »

Why is whistle-blowing important?

Whistle-blowing is the most effective way of exposing wrongdoing. In 2 scientific studies (ACFE and PWC), whistle-blowers uncovered over 40%… Read More »

Fraud causes financial loss in almost half of firms

Occupational fraud and abuse are causing financial losses in almost half of all firms, a survey from Mazars finds. The… Read More »

Can we ever get rid of corruption worldwide?

Ask citizens why their countries aren’t developing, ask investors why they choose not to invest in some regions, and corruption… Read More »