This training program will examine the fraud vulnerabilities in the procurement of materials and services in the private sector. In addition, it will explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur.
Objectives of the Presentation:
- Types of Procurement and Contract Fraud
- Procurement and Contract Fraud Indicators
- Pre-Solicitation Phase
- Collusive Bidding
- Sole Source Issues
- Solicitation Phase
- Contract Award Phase
- Post Award Phase
- Change Order Fraud
- Other Procurement Fraud Hazard
- Use of Brokers
- Phony or Shell MBDO companies
- Buyer acting as Contract Administrator
- Miscoding in Procurement Files
- Prevention and Detection Strategies
Why Should you Attend?
Every business that purchases and contracts for goods or services is vulnerable to a wide variety of fraud hazards. Many of the fraud schemes involve vendors and contractors in collusion with employees responsible for making purchases and administrating contracts, as well as with the employee who requests the purchase of goods or services. Other fraud hazards involve solicited and bidding contractors in collusion with each other. Government Agencies have armies of investigators and auditors whose mission is to prevent and detect procurement and contract fraud.
Small, medium, and even large businesses are often not equipped to combat this prevalent vulnerability. The first step is awareness of the hazard. Furthermore, the webinar will examine fraud detection and proactive prevention strategies as well as proven methods to investigate allegations of procurement and contract fraud.
John E. Grimes III, CFE, CFI has over 45 years of law enforcement, criminal investigation, loss prevention, fraud examination experience, and teaching experience. John began his law enforcement career with the Baltimore City Police Department where he became a Detective in the Criminal Investigation Division (CID). John left Baltimore and became a Special Agent with the newly formed Amtrak Police Department Fraud and Organized Crime Unit and was later promoted to Captain of the CID. In 1993, John joined the Amtrak Office of Inspector General/Office of Investigations as a Special. He was promoted to Supervisory Special Agent and Regional Supervisory Special Agent. 1999, he was appointed the Chief Inspector. John retired from service in 2011.
John is currently an Adjunct Professor of Forensic Studies at Stevenson University. John re-developed and teaches the graduate level course, Investigative Interview Techniques. In addition, he is an Advisory Committee member for the Center for Forensic Excellence at Stevenson University. He also developed and taught an introductory Loss Prevention Course for Blue Ridge Community College in Hendersonville, NC.
Furthermore, John is the Proprietor of Fraud and Loss Prevention Solutions. He consults and provides training and speaks on a variety of fraud topics including Procurement Fraud, Fraud and Loss Prevention Strategies, and Forensic Interviewing and Interrogation. John also speaks about Ethics and Leadership John is the Immediate Past President of the Maryland Chapter of the Association of Certified Fraud Examiners. John has been recognized as a Certified Fraud Examiner since 1997. John is also recognized as a Certified Forensic Interviewer by the Center for Interviewer Standards and Assessments, Ltd. He is a member of the Reid Institute on Interviewing and Interrogation and is al a member of the Loss Prevention Foundation.
Additionally, John is a former Staff Officer with the United States Coast Guard Auxiliary where he was recognized as an Instructor Specialist. Marine Safety and Environmental Protection Specialist, and Assistant Harbor Safety Specialist.
John holds an AA n Criminal Justice from The Community College of Baltimore County, a BA in Business with an emphasis in Accounting from the Notre Dame of Maryland University, and an MS in Forensic Studies from Stevenson University. Additionally, John is a 1987 graduate of the New England Institute of Law Enforcement Management at Babson College.
John E Grimes,
- Business Owners
- Compliance Officers
- Corporate Investigators and Fraud Examiners
- Purchasing Professionals
- Accounting and Finance Professionals
- Audit and Finance Committee Members