Overview
Friday June 7, 2024 – Moakley US Courthouse
8:30 am – 3:00 pm
5 CPEs
Cost: $80 Members - $100 Non-Members
Includes continental breakfast and networking lunch.
Agenda
8:30
9:00
Registration and Continental Breakfast
9:00
9:10
Opening Remarks: Michael McCall, President-ACFE Boston Chapter
9:10
10:00
Leveraging the New Fraud Risk Management Guide: Lynda H. Schwartz CPA, CFF, CFE, CGMA - Lynda Schwartz LLC and UMass Amherst
Lynda Schwartz is an experienced fraud investigation and forensic accounting expert. She is a Certified Public Accountant and holds the Certified in Financial Forensics (CFF), Certified Fraud Examiner and Chartered Global Management Accountant credentials. She provides investigation, expert witness and litigation consulting services in matters involving account reconstruction, allegations of embezzlement, lost profits, bankruptcy and business solvency and financial accounting matters. She has testified in state, federal and arbitration settings. She also adjudicates business disputes as an independent arbitrator.
In 2012, Lynda established her own forensic accounting practice. Previously, she was a
partner with Ernst & Young’s Fraud Investigation and Dispute Services practice. In her 26-year career with Ernst & Young, she led complex, high-profile fraud and regulatory compliance investigations and litigation support engagements. She also helped to establish programs that brought forensic accounting expertise to audit engagements, including those with high audit risk and those involving whistleblower and fraud allegations.
Lynda is a Professor of Practice at the Isenberg School of Management at the University of Massachusetts Amherst, where she directs the forensic accounting curriculum and teaches courses in forensic accounting and fraud examination.
Lynda has been appointed to various committees and task forces at the American Institute of Certified Public Accountants (AICPA). She is the Chair of the CFF Credential Committee and the Chair-of the Joint Trial Board. In 2021, the AICPA named her a Forensic & Litigation Services Volunteer of the Year for her significant contributions the practice and profession of forensic accounting. Lynda also serves on the Litigation Consulting and Business Valuation Committee of MassCPAs.
Lynda was a contributing author to the AICPA’s 2020 publication Understanding the Forensic Technology Landscape. She contributed to both the 2023 and 2017 editions of COSO’s Fraud Risk Management Guide. She was a contributing author of the 2017 and 2012 editions of the Litigation Service Handbook, co-authoring chapters on “The Troubled Business and Bankruptcy”, “Alter Ego” and “Executive Compensation in the Litigation Setting”. She was a contributing author of the 2009 AICPA publication Guide to Investigating Business Fraud, coauthoring chapters entitled “Working with Attorneys” and “The First 48 Hours of an
Investigation.”
10:00
10:10
Break
10:10
11:00
Case Study on High Volume Claimants’ Investigation and Criminal Cases: Dan O’Neil - Massachusetts State Lottery Commission Lottery (Part 1)
You Can’t Be That Lucky: A closer look at High Frequency Cashers (HFC) at the Massachusetts Lottery, and how Lottery officials determined if players are legitimate or gaming the system.”
This course will explore Massachusetts’ history of HFC or “10 Percenters,” from horse tracks to infiltrating the Massachusetts Lottery, and how investigators identified and worked with law enforcement agencies to dismantle the largest 10 Percenter syndicate in Mass Lottery’s history.
The subject matters will include an overview of current laws, regulations and polices; money laundering; data mining; and investigative techniques used to send these individuals to prison.
Dan O’Neil has been the Director of the Compliance & Security Department (“CSD”) for the Massachusetts State Lottery Commission for the past five years. Prior to working at the Lottery, Dan spent 23 years at the Massachusetts Office of the Inspector General as a financial investigator conducting audits, reviews and criminal investigations into public corruption, procurement fraud and theft of public property.
As Director of the CSD, Dan and the CSD team are responsible for maintaining the integrity of the Lottery’s products by enforcing the Commonwealth’s laws and regulations to ensure that they are carried out with impartiality and fairness. The CSD is also charged with detecting and deterring fraud, waste, and abuse within and outside of the Lottery. The CSD also provides security on 24 hour-7 days a week schedule by monitoring an extensive security camara system throughout all Lottery claim centers and sites.
Dan works with a dedicated staff of 18 that includes Security Investigators, Compliance Analysists, Administrators, Security Guards and two State Police Officers assigned to the CSD to accomplish its goals.
11:00
11:10
Break
11:10
12:00
How a Lottery Clerk almost got away with the theft of a $3 million Mega Millions ticket from an unsuspecting player: Dan O’Neil, Massachusetts State Lottery Commission Lottery (Part 2)
The $3 Million Mistake: This course will explore the circumstances behind the theft of a winning $3 Million Mega Millions ticket.
This course will outline how Massachusetts Lottery investigators worked with law enforcement and prosecutors to uncover the conspiracy, hold those accountable, and return the winning prize to the rightful player.
The subject matters will include recognizing “red flags” in customer service lobbies, interview techniques to overcover misstatements; how to find a nameless victim in the surrounding community with just a picture, and resolution of the case.
12:00
12:45
Networking Lunch
12:45
1:35
Forensic Accountants: Darlene Cacace, Federal Bureau of Investigation
Darlene Cacace is a Certified Public Accountant, Certified Fraud Examiner, with over 32 years of experience investigating fraud and supervising investigative teams for the FBI Boston Division, including numerous investigations resulting in the convictions of multiple subjects involved in international money laundering, complex corporate fraud, mortgage fraud, healthcare fraud, wire/mail fraud, bankruptcy fraud, drug trafficking organizations, human trafficking organizations, cryptocurrency investment fraud and national security investigations. Obtained a BA in Economics and Accounting from College of the Holy Cross and a MBA from F.W. Olin Business School at Babson College. Currently supervises a team of 13 Forensic Accountants.
Laura and Darlene will discuss the role of IC3.gov, fraud trends as identified by its data, and will end with a case presentation.
1:35
1:45
Break
1:45
2:35
Glen Marine Corruption Scandal: Damon M. Jacoby - Naval Criminal Investigative Service (NCIS)
Damon Jacoby, an ACFE Certified Fraud Examiner, serves as a Supervisory Special Agent with the Naval
Criminal Investigative Service Economic Crimes Field Office.
With a career spanning two decades, Damon’s dedication and expertise have been recognized through
numerous accolades, including having twice received both the NCIS Special Agent of the Year Award and
the Navy’s Meritorious Civilian Service Award.
Damon’s investigative skills were instrumental in multiple high impact cases, including his role in the
Glenn Defense Marine (GDMA) investigation while based in Singapore. His collaboration with the Royal
Thai Police during the execution of a search warrant at the GDMA office in Bangkok, Thailand
exemplifies his commitment to international cooperation in combatting economic crimes. Furthermore,
Damon’s involvement in secondary investigations stemming from the GDMA case underscores his
versatility and contribution in law enforcement.
2:35
3:00
Annual Chapter Meeting
Post-Meeting Networking
Following the day's meeting, attendees are invited to join an informal networking event at the Barking Crab (cash bar).