1. Fraud Trends and Organized White Collar Crime Presentation by Jeff Wahl, CFE

2. Introduction  Jeff Wahl, Vice President, Division Manager for U.S. Bank Corporate Security Operations –19 years of banking experience –13 years investigating financial crime at the corporate level –Certified in fraud examination (CFE) –Current responsibilities include managing investigations staff and physical security for the Pacific Division within U.S. Bank Corporate Security (11 states and over 1,600 branches)

3. Format  Ask questions  What do you want me to cover?

4. Fraud Trends  Scams are evolving  Fraud is becoming more organized  Technology is changing fraud –Better ways to detect –Better ways to steal

5. Fraud Trends and White Collar Crime  Advance Fee Scam Evolution  Cash Advance  Skimming  Account Takeover  Felony Lane Gang  New Account Fraud  Financial Exploitation of a Vulnerable Adult

6. Advanced Fee Scam Evolution  Investment Opportunity  You Won! –Big Payout –Small Checks  Current Versions: –Employment Scam –Romance/Dating Scam –Auction Scam –What Else?

7. Cash Advance  Cash Advance Scam –Initial attempt will be declined –Suspect uses a phone –Transfer the phone to a banker/teller –Knowledgeable –Count on a procedural violation

8. Skimming  What is skimming?  PIN capture

9. Skimming  Use captured data with counterfeit plastic  Many victims do not know how card was compromised  Devices only used for a few hours  Drive up ATMs are targeted  Data can be transmitted wirelessly

10. Skimming  Installed over the card reader  Card passes through skimmer first

11. Skimming

12. Skimming – PIN Capture

13. Skimming - PIN Capture

14. Account Takeover  Have account numbers  High quality identification  Travel  Work in teams  Social engineering

15. Felony Lane Gang  Break into vehicles  Theft of purses and wallets  Go to the “felony lane”  Split deposits and cashed checks

16. New Account Fraud  Organized groups  Account opened using real information/ID  Card is passed to suspect  Activity completed by same person/people  Activity is not always reported

17. Financial Exploitation of a Vulnerable Adult

18. Conclusion  Questions?