Painting a New Landscape: NFTs and Art Fraud

Insights
GUEST BLOGGERLiza AyresContributing WriterThe sound of one of Christie’s virtual auction bells in March symbolized a new era in the art world. A digital artist known as Beeple sold a non-fungible token (NFT) that represents his art piece “Everydays: The First 5,000 Days” for $69.4 million, an action unprecedented for not only major auction houses, but also for cryptocurrency and artists of all kinds. Christie’s said the sale was the first time a digital-only artwork was offered with an NFT that guaranteed its authenticity. Additionally, Beeple’s sale also marked the first time cryptocurrency was used to pay for an artwork at auction. Beeple, whose real name is Mike Winkelmann, said in a statement released by Christie’s, “Artists have been using hardware and software to create artwork and distribute it on the…
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From the President: Moxie and the Fight Against Corruption

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FROM THE PRESIDENT AND CEOBruce Dorris, J.D., CFE, CPAOur profession requires plenty of insight and knowledge to understand the fraud landscape. But it also takes a good measure of moxie. Thulisile “Thuli” Madonsela is one of those unique people who possesses that know-how and fortitude — at an extraordinary level.Her hard-fought battles against corruption at the highest levels of the South African government only prove this. The ACFE honored that strength in June when we presented Madonsela with the Cressey Award for a lifetime of achievement in the detection and deterrence of fraud.Madonsela found her calling early in her career. As a lawyer, she was instrumental in drafting South Africa’s robust constitution in the 1990s as the country emerged from the horrifying grip of apartheid. And when she was appointed…
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Fraud Talk: A Conversation With the “Original Internet Godfather”

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During the closing session of the 32nd Annual ACFE Global Fraud Conference, John Gill, vice president of education at the ACFE, spoke with convicted fraudster* Brett Johnson, who shared stories from his life as a cybercriminal. After being placed on the United States Most Wanted List, captured and convicted of 39 felonies, he escaped prison. Captured again, Johnson served his time and accepted responsibility. In the excerpt below from the full transcript of episode 109, Johnson shares some advice for companies as cybercrime continues to evolve and grow. Download the full transcript in PDF form or listen to the episode at the bottom of this post.John: We'll stay with a larger issue, one thing I do think is interesting is the idea of organization because I think, at least in…
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