About the Author
Daniel W. Draz is the principal of Fraud Solutions, an international fraud consulting firm. He has 26 years of successful fraud investigation, fraud training, fraud prevention, fraud management, risk (management and investigation), audit, regulatory and compliance experience exclusively in the financial services sector.
In his previous role, he was the corporate investigations manager at TransUnion LLC, where he over saw the Corporate Investigations Department, also serving as the global anti-fraud liaison to TransUnion’s operations in 25 foreign countries on six continents. Additionally, his responsibilities included oversight for all internal employee investigations involving violations of ethics, code of business conduct, hotline and acceptable technology usage policies and procedures. Daniel’s staff also investigated all customer interfacing matters and violations, violations of customer contract agreements, violations of federal rules and regulations governing permissible purpose, access of consumer credit information and cases with federal law enforcement agencies involving rings, organized criminal activity and national security matters.
Prior to joining TransUnion, Daniel was a fraud investigator in the Special Investigations Unit at Standard Insurance Company in Portland, Oregon. In that capacity, he conducted sophisticated insurance (life, health and disability) investigations (civil and criminal) into questionable/fraudulent claims; referred insurance fraud investigations to local, state and federal law enforcement agencies nationwide for prosecution consideration; coordinated investigations with law enforcement agencies and prosecutors; and advised counsel, senior management and business units on fraud issues/problems/solutions. Additionally, he was also responsible for development and delivery of anti-fraud training programs and training on red flags/fraud avoidance/investigation procedures/methods to minimize exposure to financial loss.
Previously, Daniel owned and operated an investigative and fraud consulting agency in California, providing specialized fraud consulting, investigative and litigation consulting services to businesses and corporations, insurance companies, self-insureds, financial services firms, large law firms, government agencies, telecom carriers and select individual clients nationally.
Daniel has been a Certified Fraud Examiner (CFE) since 1996 and is a member of the American Society for Industrial Security’s (ASIS) Economic Crime Council. He has an M.S. in Economic Crime Management from Utica College (2005) and a B.S. in Criminal Justice from Arizona State University (1985). He currently holds adjunct professorships at four colleges, where he teaches a variety of graduate and undergraduate classes involving various forms of fraud, economic crime, white collar crime and criminal justice. He also has extensive experience teaching both in the classroom and online, and with developing unique academic curriculum.
Daniel is a former member of the International Association of Special Investigation Units (IASIU) and a frequent speaker at national industry conferences. He is formerly associate editor, fraud investigations for PI (Private Investigator) Magazine, where he wrote on a variety of fraud-related topics. Daniel also created the first insurance fraud column for FRAUD Magazine, the official publication of the Association of Certified Fraud Examiners and is an occasional contributor to SIU Today, the official publication of the International Association of Special Investigations Units. He has been published over 40 times in industry and trade publications over the years and frequently mentors other investigators and fraud professionals around the country.
To contact Daniel, email him at email@example.com.
Daniel writes a regular column, Fraud Flashpoints, for Corporate Compliance Insights.
Recently, I happened on a job description for a senior level GRC investigations management position with a Fortune 500 company ranked as one of the best places to work in the country. When the “Help Wanted” sign is hung on the corporate door, I always find it interesting to see what companies...Read more →
Incident and event notification systems foster real time communication among key business stakeholders when an incident or event occurs. Aside from the primary purpose surrounding event notification, these systems also address a company’s compliance, regulatory or contractual obligations concerning...Read more →
Editor's note: Yesterday, Dan focused on the new age bounty hunter that came about from he passage of The Dodd-Frank Wall Street Reform And Consumer Protection Act (Dodd-Frank) in July 2010: the “corporate whistleblower.” Today he continues his discussion, talking about testing your company's...Read more →
How will your ethics, compliance and hotline programs fare in the fight? In the old days a bounty hunter was someone who pursued fugitives for a reward. The wanted signs in westerns used to say “Wanted – Dead or Alive.” Images of bad guys draped across the back of a horse headed for the sheriff’s...Read more →
Yesterday Dan explained why companies should be concerned about fake social media profiles. Today he looks at how HR departments have incorporated social media checks into their hiring process. Then, he concludes with key takeaways. Human Resource Applications One of the places social media is gaining...Read more →
“The public Web is full of anonymous users and fake identities. Most common on social networks are identities that are presumably true (look legitimate) but have not been verified.” - Information Week Everyone is talking about the use of social media applications in business, in fact it’s “all...Read more →
2012 Is Just Around the Corner… Recently, while doing some fraud trending and analysis, I was reviewing several news feeds trying to get a feel for current fraud events globally. The reality is that you don’t have to look very hard to find a “fraud pulse” as there is no shortage of news about...Read more →
It seems like everywhere I turn, someone is talking about what’s going on out in Washington (state) and how the Department of Labor and Industries is using an innovative approach to the fraud problem. While many people are talking about it, what most folks don’t know is how they’re doing it. In this...Read more →