Praise for Insurance Fraud Casebook
"From kickbacks to murder and physicians to cartels, these case studies read like a novel, yet provide practical and relevant considerations. This is a must–read for any professional working in the insurance arena."
Tiffany R. Couch, CFE, CPA/CFF, Principal, Acuity Group PLLC
"Thirty–five years of police work and financial investigation taught me that there is just no substitute for experience, but if you haven′t been there, learn from somebody who has. This compendium is an entertaining, enlightening, and practical aid for everyone who has an interest in fraud detection. I heartily recommend it."
Roy Burnett, MS, CFE, Fraud Investigator, EE Ltd
"Can a book on insurance fraud be a great read? This one can: Armenian arsonists–for–profit, new tricks in identity theft and embezzlement, Russian mobster rip–offs and even manipulation of murder. A superb collection of the unusual, the tragic and the amusing, this is a casebook invaluable to the fraud investigation professional as well as students."
Douglas M. Watson, PhD, CFE–RE, Point∼CounterPoint Consultations, Izmir, Turkey
"Once again, the ACFE has produced a collection of excellent cases on the subject of fraud. In addition to very detailed case stories, an excellent ′Lessons Learned′ section is included at the end of each chapter. This book brings fraud to life for students of fraud examination."
Ron McNinch, PhD, CFE, SPHR, Public Administration and Legal Studies Chair, University of Guam
"This book is a great illustration of the depth and breadth of insurance fraud schemes and of the cost that we all pay for them. The examples and case studies are both informative and intellectually entertaining. A great read for everyone, from fraud examiners to basic insurance consumers."
Ryan C. Hubbs, CFE, CIA, CCSA, PHR, Forensic Audit Manager, Internal Audit Services, Halliburton
Insurance Fraud Classification System xiii
Chapter 1 Needles in a Paystack 1Charles Piper
Chapter 2 The Good Doctor and Insurance Consultant 11Michael King
Chapter 3 Greasing the Wheels in the Oil Business 21Abdulrazaq Al–Morjan
Chapter 4 Living the Dream, Keeping Up the Lie 31Andries J. Brummer
Chapter 5 Extinguishing an Arson Fraud 39Barry Zalma
Chapter 6 Weakest Link in the Chain 47
Chapter 7 Everyone Gets Hurt: A Study in Workers′ Compensation Fraud 57Michael Sputo
Chapter 8 The Hazards of Doing Business with Friends 67Bill Maloney
Chapter 9 There′s Gold in Them Thar Malls! 75Carl Knudson
Chapter 10 Damsel in Diamonds 83Michael Skrypek
Chapter 11 Operation Give and Go 93Edward P. Buttimore
Chapter 12 An Inspection Is Worth a Thousand Photos 103Ed Madge
Chapter 13 The Danger of Trusting Too Much 113Joe Bonk
Chapter 14 The Twin Cities Machine 121Bob Weir
Chapter 15 With Friends Like These . . . 131John Fifarek
Chapter 16 All the Buzz 139Dalene Bartholomew
Chapter 17 Getting Rich from the Elderly 149John R. Holley
Chapter 18 Transparent Greed 159Joseph Licandro
Chapter 19 Fault of Fortune 169Jyoti Khetarpal
Chapter 20 Going Blind to Fraud 179Karen Wright
Chapter 21 Going Against the Cartel 191Loftin C. Woodiel
Chapter 22 Falling Prey to Online Charms 199Tina Hancock
Chapter 23 Big Bills in Little Cuba 209Mark Starinsky
Chapter 24 Rushing an Insurance Claim 217Peter Parillo
Chapter 25 Ignorance Is Bliss, While It Lasts 229Rebecca Busch
Chapter 26 The Name Game 239William D. Meader
Chapter 27 Woo, Wed, Insure, Murder 249William P. Hight
Chapter 28 Mystery Shopping for Fraud 259Stephen Pedneault
LAURA HYMES, CFE, is the Managing Editor of the ACFE′s Research Department, where she oversees the editing of books, manuals and other publications related to the prevention, detection and investigation of fraud. She also collaborates with authors and speakers who are experts in the anti–fraud industry to produce high–quality educational material. She has a master′s degree in publication management and years of experience in editing and publishing.
Dr. JOSEPH T. WELLS, CFE, CPA, spent nearly a decade as a U.S. FBI Special Agent and is the founder and Chairman of the Association of Certified Fraud Examiners (ACFE) as well as the author of twenty–one books. For his landmark research in fraud detection and deterrence, Dr. Wells has been inducted into the American Institute of Certified Public Accountants′ Business and Industry Hall of Fame and named to Accounting Today′s list of the 100 most influential people for nine years in a row. He holds a doctorate in commercial science from York College, The City University of New York.