Fraud's Role in the Financial Crisis and How to Control It

Fraud's Role in the Financial Crisis and How to Control It

Instructor: Peter Goldmann - CFE
Product ID: 500935

Description
A full appreciation of the role of fraud in the "Great Meltdown of 2008" requires probing behind the scenes of major investment houses, large mortgage lenders, securities traders, hedge funds, mortgage brokers and other parties whose business misconduct in the 1990’s and early 2000’s played a direct role in bringing on the crisis we’re struggling with now.

It will also require careful investigation and analysis of historical events leading up to the crash, including comparisons to the 1929 stock market crash, as well as other episodes of corporate misconduct such as anti-trust, price-fixing and similar displays of unchecked greed.

Why Should you Attend
In this course, attendees will learn the details of how mortgage fraud was perpetrated (and still is). It will also assess various policies, procedures and practices that could have prevented the 2008 crisis. Other discussions will include fraudulent lending practices that engulfed the US mortgage industry, widespread fraudulent marketing of asset-backed securities, best practices for preventing a similar financial crisis, and more.

Objectives of the Presentation
The culture of "anything goes" on Wall Street which fueled the innovation of exotic asset-backed securities whose riskiness and questionable legality went either unaddressed or underestimated to the devastating disadvantage of institutions that invested in them
The fraudulent lending practices that engulfed the entire US mortgage industry, leading to the fatal deterioration of balance sheets and ultimate collapse of major players such as Washington Mutual, Wachovia, as well as untold thousands of unscrupulous mortgage brokers, appraisers and law firms
The looting of major financial firms such as Lehman Brothers, Merrill Lynch and others by their former senior executives just before the companies collapsed
The widespread fraudulent marketing of asset-backed securities, based on exaggerated or completely fictitious representations of risk levels, including the stunning indictments of two highly regarded Bear Stearns traders
Options for preventing similar disasters from recurring and will provide attendees with practical guidelines for protecting themselves and their companies from various forms of fraud that were found to have played a role in the current economic and financial crisis

Who can Benefit
Purchasing managers and senior staff
Accounts payable managers
Shipping and receiving/supply chain managers
Accounting and audit practitioners
CFOs and senior finance staff
Controllers
Procurement executives
Senior financial management seeking to reduce their vulnerability to costly frauds
Compliance and ethics managers
Security personnel
Internal control professionals
Loss prevention and risk specialists
Fraud examiners
Procurement/purchasing and payables specialists

For Registration -
http://www.onlinecompliancepanel.com/webinar/FinancialCrisis-500935/SEP-2015-ES

Note : Use coupon code 1371 and get 10% off on Registration