Procurement and Contract Fraud - Detection and Prevention

Instructor: John E Grimes
Product ID: 704334
  • Duration: 90 Min

recorded version

1x Person - Unlimited viewing for 6 Months
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Recorded Link and Ref. material will be available in My CO Section

Training CD

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This training program will examine the fraud vulnerabilities in the procurement of materials and services in the private sector. In addition, it will explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur.

Why Should You Attend:

Every business that purchases and contracts for goods or services is vulnerable to a wide variety of fraud hazards. Many of the fraud schemes involve vendors and contractors in collusion with employees responsible for making purchases and administrating contracts, as well as with the employee who requests the purchase of goods or services. Other fraud hazards involve solicited and bidding contractors in collusion with each other. Government Agencies have armies of investigators and auditors whose mission is to prevent and detect procurement and contract fraud. Small, medium, and even large businesses are often not equipped to combat this prevalent vulnerability. The first step is awareness of the hazard.

This webinar will examine the fraud vulnerabilities in the procurement of materials and services in the private sector. It will also explore the many procurement and contract fraud schemes and at what point in the procurement and contract process they occur. Several actual cases will be referenced. Furthermore, the webinar will examine fraud detection and proactive prevention strategies as well as proven methods to investigate allegations of procurement and contract fraud.

Areas Covered in the Webinar:

  • Types of Procurement and Contract Fraud
  • Procurement and Contract Fraud Indicators
    • Pre-Solicitation Phase
    • Collusive Bidding
    • Sole Source Issues
    • Solicitation Phase
    • Contract Award Phase
    • Post Award Phase
    • Change Order Fraud
  • Other Procurement Fraud Hazard
    • Use of Brokers
    • Phony or Shell MBDO companies
    • Buyer acting as Contract Administrator
    • Miscoding in Procurement Files
  • Prevention and Detection Strategies

Who Will Benefit:

  • Business Owners
  • Management
  • Compliance Officers
  • Corporate Investigators and Fraud Examiners
  • Controllers
  • Purchasing Professionals
  • Accounting and Finance Professionals
  • Audit and Finance Committee Members
Instructor Profile:
John E Grimes

John E Grimes
Owner, Fraud and Loss Prevention Solutions

John E. Grimes III has over 45 years of progressive law enforcement, criminal investigation, fraud examination, loss prevention, leadership, and teaching experience. He began his career with the Baltimore City Police Department where he became a detective in the Criminal Investigation Division (CID). He left Baltimore and became a special agent with the newly created Amtrak Police Department Fraud and Organized Crime Unit. He was then promoted to captain of the CID. In 1993, Mr. Grimes joined the Amtrak Office of Inspector General/Office of Investigations. He was appointed chief inspector in 1999 and retired from service in 2011. Since his retirement his efforts have focused on education, training, and mentoring. He is an adjunct instructor at Stevenson University teaching graduate level courses in forensic interviewing and fraud examination. He is an advisory committee member for the Center for Forensic Excellence at Stevenson University. He is also on the Stevenson University Forensic Advisory Board.

In addition, Mr. Grimes is the proprietor of Fraud and Loss Prevention Solutions. He developed and taught an introductory loss prevention course for Blue Ridge CC in NC. Additionally, he has been a speaker, presenter, and trainer at many ACFE events, as well as government, private, and professional organizations.

Mr. Grimes is the immediate past president of the Maryland Chapter-ACFE. During his term as president, the Maryland Chapter was the honored recipient of the 2015 ACFE Chapter of the Year Award. He has been a Certified Fraud Examiner since 1997. He is also recognized as a Certified Forensic Interviewer by the Center for Interview Standards and Assessments, Ltd. Mr. Grimes is a member of the Reid Institute and the Loss Prevention Foundation. He was a former staff officer with the United States Coast Guard Auxiliary where he was recognized as an instructor specialist and a marine safety and environmental protection specialist.

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