Fraud Investigation Workshop Spotting Red Flags

IUA Circular 002/24

Fraud Investigation Workshop: "Spotting Red Flags"

with Former FBI Agent and guest speakers from J S Held:

Michael Schulstad USCPA, CFF, CGMA, Global Investigations

Joe Aldous FCCA, CFE, Forensic Accounting

Lumi Ishikawa USCPA, Forensic Accounting

This market Briefing will be: In-Person only

Event Date: Tuesday 06 February 2024

Time: Session commences at 3pm/15:00hrs for approx 90 mins (UK/London time)
Registration Tea/Coffee from 2.30pm/14:30hrs
Post-Event Networking Reception at 4.30pm/16:00hrs

Venue: Aldgate/Bishopsgate Rooms, Cavendish Conference Centre, One America Square, 17 Crosswall, London EC3

Subject: At this IUA workshop, our guest speakers will draw on their international claims and law enforcement experience and will include practical exercises and real-world examples of identifying and preventing fraud. It will be relevant on a cross-class basis.

Contact: Deborah Finch, IUA Events Manager (020 7617 4451)

This is a free event, but names and email addresses of all attendees are required for registration. Please click here to register.

Registration links will close the day before the date of the event for logistics/preparation or, if an in-person only event is fully booked.

The cost-of-living crisis has increased the monetary pressure on businesses and households alike. With finances squeezed, there could be a further increase of companies turning to insurance fraud to ease financial hardships. Such instances will result in a rise of theft, sharp practices and increase in fraudulent insurance claims.

Former FBI Agent, Michael Shulstad and colleagues Joe Aldous and Lumi Ishikawa from J.S. Held’s Forensic Accountancy and Global Investigations teams, will present a hands-on workshop using their technical expertise and methodical analysis of financial and operating data. In addition, their focus will include evaluating and identifying the real economic impact of insurance claims and damages.

The agenda will include the following:

• Recognise red flags in claims;
• Conduct effective interviews and spot the tell-tale signs of lying;
• Identify counterfeit documents.

The workshop draws on the speakers’ international claims and law enforcement experience and will include practical exercises and real-world examples of identifying and preventing fraud. It will be relevant to all participants, on a cross-class basis.

Speakers:

Michael Schulstad USCPA, CFF, CGMA is a Director at J.S. Held with over 28 years of law enforcement and investigative experience having worked with the Federal Bureau of Investigations (FBI) and Inspector General.

Michael has been providing professional consulting services since 2013, delivering expert witness and litigation support, forensic examinations, analysis of white-collar crime, and fraud investigations in a variety of complex financial disputes.

Michael’s investigative expertise includes contract fraud, insurance fraud, government and procurement fraud, bank fraud and bank failure, corporate fraud, bankruptcy fraud, health care fraud, anti-money laundering and asset forfeiture, and asset recovery.

Michael has testified as an expert witness and fact witness in several legal proceedings and has also assisted companies with FCPA matters and developing risk and compliance programs, fraud response programs, and conducting due diligence investigations.

Joe Aldous FCCA, CFE, heads up J.S. Held’s Forensic Accounting practice in London. He has been quantifying large complex business interruption and stock losses for Insurers and preparing expert witness reports and calculations for the Court, mediation, and arbitration for almost 25 years. Joe has experience in handling losses throughout the world in industries such as Agriculture; Construction; Energy; Food & Beverage Manufacturing; Hospitality & Leisure; Industrial Manufacturing; Livestock; Mining; Power Generation; Professional Services; Retail; Warehouse & Distribution. Joe has had a variety of articles published in trade journals and contributed to the ninth, tenth, and eleventh editions of Riley on Business Interruption. He has also given numerous presentations on consequential loss and stock related topics.

Lumi Ishikawa USCPA, has specialised in Forensic Accounting and financial investigations in London since 2011. Lumi handles business interruption, inventory, and cyber claims arising from earthquake, fire, flood, fraud, pandemic, and cyber-attack and preparing calculations and reports for insurers. Prior to moving to London, Lumi worked for an accounting firm in Tokyo for eight years, providing accounting services such as auditing, internal audits, and financial reviews.

DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.

Please note that any recording of this session will be available post-event on the , subject to speaker authorisation and technical quality.

Anti-Trust Statement: It is the clear and unequivocal policy of IUA to comply in all respects with all applicable competition or antitrust laws. Consequently, IUA Market Briefing Attendees will not participate in any practice that would have the object or effect of restricting competition, nor will IUA provide a forum to promote anti-competitive conduct. In particular, any discussion or agreement on key commercial terms, such as commercial premiums, is likely in all instances to be unlawful and must be avoided. A competition law ‘Do’s and Don’ts’ guide is available and the IUA is happy to answer any questions on competition law that attendees may have.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request.

CPD will only be awarded to those who attend the original event only.