Convicted Enron CFO to Speak at Anti-Fraud Conference

More than 250 anti-fraud professionals from around the Asia-Pacific region will gather for the 2015 Association of Certified Fraud Examiners (ACFE) Asia-Pacific Fraud Conference at Marina Bay Sands in Singapore, November 4-6, to listen to leaders in the anti-fraud field, along with an unlikely special guest: a convicted fraudster. 

More than 250 anti-fraud professionals from around the Asia-Pacific region will gather for the 2015 Association of Certified Fraud Examiners (ACFE) Asia-Pacific Fraud Conference at Marina Bay Sands in Singapore, November 4-6, to listen to leaders in the anti-fraud field, along with an unlikely special guest: a convicted fraudster. 

Playing a central part in one of the most notorious corporate fraud cases in history, Andrew Fastow, former CFO of Enron Corp., will address the very people trying to catch fraudsters like him. Fastow will explain his role in the energy giant’s collapse, which resulted in a $40 billion lawsuit and the world’s largest bankruptcy at that point. He will give attendees insight into the red flags that were ignored at Enron, and how his life was affected forever after being convicted. 

Attendees will also hear from keynote speakers including Christophe Durand, Interpol’s head of cybersecurity. He will be joined by Barry Wong, vice president and Head of Asia Pacific for customer fraud management for MasterCard Worldwide, Gunawan Husin, principal consultant for Continuum Asia PTE LTD and James D. Ratley, president and CEO of the ACFE. 
 
Breakout sessions will include discussions about money laundering, the FIFA scandal and how to use advanced analytics to catch fraud before it is able to grow. 

According to the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse, companies worldwide lose an estimated 5% of their revenues to fraud. In the Asia-Pacific region, the median cost of each fraud is nearly $240,000. More than half of the fraud cases reported resulted from corruption schemes, which cost an average of $400,000 per case. 

Contact the ACFE  
For more information, email PR@ACFE.com.