Writer
Matt Zbrog
Follow the Money
Some of the world’s most malignant criminals never pulled a trigger or detonated an explosive, but they have ruined countless lives. By the most conservative estimates, white-collar crime costs the U.S. $300 billion per year—more than four times the annual budget of the Department of Education. However, in 2017, the prosecution of white-collar crime was at a 20-year low. So why do crimes such as insider trading, embezzlement, predatory lending, Ponzi schemes, and threat financing often go unpunished?
Armed with elite legal teams and well-heeled lobbyists, many white-collar criminals seem untouchable or “too big to jail.” But are they really? The Follow the Money series explores various types of financial crimes and interviews experts in the field on how to bring these robber barons to justice.
Textile Forensics: How Small Clues Can Crack a Case
August 14, 2024
Forensic scientists are a bold breed. Who else could, when asked to determine the makeup and origins of a single stray thread, accept the task with zeal? Welcome to the world of textile forensics, which analyzes fibers and fabrics found at crime scenes. Identifying those fibers and fabrics, and tracing them back to their origins, can, in turn, link them with suspects, victims, and locations. Entire investigations might hinge upon analyzing a sample thinner than a strand of human hair.
Problems with Predictive Policing AI
July 30, 2024
The roots of predictive policing can be traced back to the 1920s when the Chicago School of Sociology researched parole recidivism. They then used this data to factors that would correlate to the prediction of future crimes.
Follow the Money: Political Corruption
December 11, 2023
Political corruption involves the use of public power for private benefit. It can occur at any scale. Corruption cases may involve bribery, extortion, embezzlement, fraud, and outright theft. It can also be more subtle, taking the form of favoritism, nepotism, and patronage. Some political corruption cases are so well obscured that they exist on the cusp of legality. But these are not victimless crimes.
Forensic AI: Using AI & Automation in Fraud Investigation
November 9, 2023
Regarding fraud investigation, there are a couple of new deputies in town. Generative AI in the vein of ChatGPT can help identify and investigate sophisticated financial crimes, while ML-powered automation can improve detection and prevent reoccurrence. These new capabilities are particularly important in an era where every company is a de facto software company, with data, intellectual property, and financial assets that must be protected.
Follow the Money: Cryptocurrency Fraud
April 12, 2023
Ask a room of investment professionals to define cryptocurrency fraud, and at least one will tell you the term is redundant. The total amount of stolen cryptocurrency sits at over $46 billion in today’s value. But if you ask a room of forensics professionals to define cryptocurrency fraud, you’ll likely get a more serious and nuanced answer.
Follow the Money: Why Financial Crimes Often Go Unpunished
March 21, 2023
The mortgage crisis of 2008, when investigated by the Financial Crisis Inquiry Commission, was found to have been precipitated by an industry full of predatory and fraudulent practices. The commission referred dozens of cases to prosecutors. Although fines were paid, no one was indicted, no one was put on trial, and no one was jailed.
Fraud is big and getting bigger. Generally speaking, fraud is defined as actions that deceive for financial or personal gain—a category broad enough to include everything from lying about one’s age to masterminding a billion-dollar pyramid scheme.
Follow the Money: College Admissions Fraud Crimes
June 20, 2022
White-collar crime is, on the surface level, nonviolent, which sometimes lends it a false patina of benignity. But these are not victimless crimes. In college admissions fraud, students gaining fraudulent admission to universities take places away from those who would earn it honorably, depriving them of high-quality education and the lifetime earnings that go with it.
Matt Zbrog is a writer and researcher from Southern California. Since 2018, he’s written extensively about the increasing digitization of investigations, the growing importance of forensic science, and emerging areas of investigative practice like open source intelligence (OSINT) and blockchain forensics. His writing and research are focused on learning from those who know the subject best, including leaders and subject matter specialists from the Association of Certified Fraud Examiners (ACFE) and the American Academy of Forensic Science (AAFS). As part of the Big Employers in Forensics series, Matt has conducted detailed interviews with forensic experts at the ATF, DEA, FBI, and NCIS.
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