November 2016 Newsletter
fraud
Penny Hill, Chapter Administrator
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Kathleen Watson CFE, Newsletter Editor
Volume 11, Issue 7
acfe.toronto@sympatico.ca
Message from the President
The summer is over for another year and we’re back to work. October is coming to a close and I would like to, even though belated, welcome you back. The real world awaits. The chapter held its first Dinner meeting on Tuesday October 25th titled “Where have all the Fraudsters Gone”. The meeting was a success and Ross Dunsmore made an excellent presentation from a lawyer’s perspective. The CPIO-ACFE is presenting a one day Anti-Fraud Forum titled “Cybercrime and Digital Forensic” on Tuesday November 15 at the BMO Conference Centre, 3550 Pharmacy Avenue in Toronto. We have two excellent presenters and specialists in their field, Kevin Ripa and Peter Yien. Kevin will be addressing the computer hacks of Target, Home Depot and T-Mobile and demonstrating how simple these hacks were. He will also be demonstrating how a criminal or civil forensic case is approached. Peter will be addressing the use of social media and how cybercrime is being played to commit fraud. He will also be exploring how to reduce the possibility and frequency of cyber nightmares. If you haven’t registered for this event go to the ACFE Toronto Chapter website and register. Don’t miss this opportunity to enhance your knowledge and crime fighting skills while earning your CE credits including an all-important ethics credit. At the end of the Forum the Toronto Chapter will be holding its “Annual General Meeting” there is an open invitation for chapter members to attend and participate in the chapter. In the coming months, the chapter will be sponsoring regular dinner meetings with knowledgeable and experience presenters. Come out participate, meet your colleagues in fraud detection and prevention, share your knowledge and expertise. In the upcoming year, the ACFE- CPIO will host another Anti-fraud Forum in April 2017 our guest speaker will be our own ACFE president Mr. James Ratley. In addition, the ACFE Canadian Conference will be coming back to Toronto. This will be an exciting and informative year for fraud fighters. Welcome back. Wm. Vasiliou Toronto Chapter President.
William Vasiliou, MBA, CPA, CGA, CFE, DAC Chapter President
Dinner Meetings Update The ACFE Toronto Chapter hosted our October dinner meeting on October 25th at The Royal Canadian Military Institute.
Detective Tim Tickner, CFE
The chapter would like to thank Ross Dunsmore for his highly informative (and often entertaining) presentation “Where Have All the Fraudsters Gone” – a look at current legislation and possible future legislation as it is applied in both the union and common-law workplace. Great presentation Ross! We would like to congratulate Carla Van Eerd, who was the winner in our draw for a certificate for free admission to an ACFE dinner meeting.
Athena Sun, CFE
Athena Sun, CFE
The names of all attendees are entered for the draw at the end of each meeting.
Career Corner If you have a position you would like posted email us at acfe.toronto@sympatico.ca.
Our next dinner meeting will be coming up in January. Stay tuned for the details!
Community Partner Update At the ACFE Toronto Chapter, we like to keep up-to-date on what our Community Partners are doing. If any of our members know of anything new taking place with any of our Community Partners please send email us acfe.toronto@sympatico.ca.
Introduction to Red Flags of Body Language By William Vasiliou, MBA, CPA, CGA, CFE, DAC
There are lies of omission and lies of commission. Some maybe obvious while others, if one does not pay close attention, maybe missed. In today’s electronic world we deal in non-verbal non-face to face communications and it becomes harder to identify potential fraudulent or deceptive intent. We don’t see the face or recognize the physical behavior of the person who in past generations would be sitting across from us. What we say verbally and what our body is broadcasting may be two different things. For example when the US President was being questioned about his relationship with an Intern he verbally denied the relationship but, his head was nodding yes. In Ontario in the early 1990’s the premier was interviewed by the press while he was verbally stating a positive his head was giving a negative response. Such contradictory responses are red flags and should be viewed in the context of the situation. Our words maybe deceptive but in an interview situation we can observe the truth. The body has its own language. People tend to be expressive with their hands, arms and legs. If a person is being deceptive or keeping something in they tend to be less expressive. Depending on whether they are standing or sitting, they may keep their hands folded in their lap, at their side, in their pocket or clenched. When we are passionate and enthusiastic we tend to be more demonstrative with our hands and arms. We tend to believe in what we are saying and our body demonstrates this. The fingers and palms tell another story. If the fingers are folded into the hands this generally indicates deception but if extended it is an indication of openness. If the palms are down or the hands are clenched it tends to indicate a defensive posture and potential withdrawal. If there is general confusion the palms may turn up as if saying there is nothing to hide. If you have ever watched the Television program “The First 48” pay close attention to the body language of the individuals being interviewed. The person who is sitting with his arms or legs close to the body or crossed is stating that they are holding something back. Psychologists suggest that they feel defensive and therefore have to defend themselves. They are uncomfortable and retreating taking up less physical space. When we are confident and comfortable we tend to claim our space and stretch out. There are also those who contrive their gestures to demonstrate that they are ardent about their beliefs. Often the gestures are not natural and appear stiff and mechanical. There are also the unconscious gestures. When one makes a statement and the hand goes straight to the face this is a potential red flag indicating deceit or disbelief in what he or she is saying to be truthful. When listening to a question, if the interviewee covers the face they appear to be indicating that this is something they do not want to listen to. In addition, scratched the back or side of the ear, rubbing the eyes, or touches the nose is viewed as a red flag. This, however should not be confused with concentration or deep thought. On final thought, in interpreting the red flags, what we may perceive as deceptive must be tempered and consideration given to cultural background, ethnicity and gender.
About the Author Bill Vasiliou was a professor at Seneca College and has over 30 years of forensic and investigative experience in the financial services industry, in both the private and public sectors. Bill is now retired, but still provides consulting services. William Vasiliou, MBA, CPA, CGA, CFE, DAC Chapter President
Coming Tuesday November 15!!! CPIO – ACFE CYBERXCHANGE CYBERCRIME & DIGITAL FORENSICS FORUM & AGM This one-day event will focus on cybercrime, how to protect yourself and your business, and what to do when it happens to you. Expert speakers will help Fraud Examiners and Investigators navigate everything from avoiding both accidental and intentional compromise of your company`s secure systems to looking at a computer forensics criminal or civil case from a defense perspective in order to ensure the best preparation of your case. The Cyberxchange will be held at the BMO Conference Centre, 3550 Pharmacy Ave. Toronto. Breakfast, lunch and afternoon snack will be provided.
Donald Trump Supporter Arrested in Iowa for Voter Fraud Donald Trump has been complaining for weeks now that the presidential election is “rigged” and that there is “large scale voter fraud” happening across the country. But ironically, it was one of the Republican presidential nominees own supporters who was arrested for voter fraud recently. Read More Clinton & DNC accused of fraud, finance violations in election commission complaint A complaint has been filed with the Federal Election Commission over the alleged violation of campaign finance laws by Hillary Clinton’s campaign and the Democratic National Committee. Read More Arrests of 70 in India linked to decrease in CRA phone scams, RCMP says The recent arrest of several dozen people in India this month has been followed by a significant drop in the number of telephone scams where people call Canadians pretending to be members of the Canada Revenue Agency looking for a bogus tax payment. Read More Man charged with fraud but diamonds still missing A construction contractor thought he had landed a diamond-in-the-rough deal when he found a buyer for some loose coloured diamonds he owned. Read More
Register Today!
Four Quebec men charged in alleged Vermont ATM fraud scheme The Vermont U.S. Attorney’s Office said four Quebec men have been arrested and charged in an alleged fraud scheme involving ATMs in the Burlington area. Read More Jacques Corriveau found guilty on three fraud-related charges
"To educate a person in the mind but not in morals is to educate a menace to society”
Former Liberal organizer Jacques Corriveau has been found guilty on three fraud-related charges in connection with the federal sponsorship program. Read More
~ Theodore Roosevelt
Business 'legend,' who claimed he was kidnapped, charged with fraud A Toronto-area businessman who claimed he was abducted and beaten by masked assailants earlier this year has been charged with fraud. Read More
Connect on LinkedIn Did you know the ACFE Toronto Chapter has a new LinkedIn group? Find lots of great connections, articles, discussions, postings. Just go to LinkedIn ACFE Toronto Chapter page by clicking here and ask to be connected to be a part of this lively site.
Your Board of Directors President
William Vasiliou, MBA, CPA, CGA, CFE, DAC
Vice President and Training Chair
Astra Williamson, CPA, CGA, CFE
President Emeritus, Secretary and Conference Chair
Tom Eby, MBA, CPA, CA
Treasurer
Erik Bettencourt, CPA, CMA, CFE
Director and Newsletter Chair
Kathleen Watson, CFE
Director and Membership Chair
Ryan Duquette, MsC, CFE, CFCE, CEECS, EnCE, ACE
Director and Social Media Chair
Ryan Watt
Director and Membership and Certification Chair
Linda Lister, CPA, CGA, CMA, CFE, DIFA
Director and Community Outreach Chair
Dorian Dwyer, CFE
Director and Chapter Administrator
Penny Hill
About the ACFE The ACFE is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more than 70,000 members, the ACFE is reducing business fraud world-wide and inspiring public confidence in the integrity and objectivity within the profession. Visit www.acfe.com for more details.
Upcoming Events: November 8, 2016 IIA Toronto presents – Preparing for 2017 – What to consider for planning and reporting Speaker: Sylvia Kingsmill, Partner, Enterprise Risk Services, Deloitte Venue: The Albany Club - 91 King Street East; Toronto, ON M5C 1G3 8:00 – 10:00 am More Information and Registration November 15, 2016 ACFE Toronto and CPIO presents – Cyberxchange More Information and Registration
November 17, 2016 ASIS International Toronto Chapter presents – Half-Day Security Summit More information and Registration