Embezzlement & Vendor Fraud Case Study (2.0 CPE credits)

Was it a case of double-dog dare? Perhaps it was an elaborate plan to pay the restitution from another judgment? Maybe it was just a scheme to build his retirement nest egg? Whatever the reason, this case study spotlights a fraudster who first embezzles from his former employer and decides once is not enough. While out on bond and awaiting his trial, he tries his hand again.  This time, it’s a billing scheme meant to make him richer than ever before.

Rick Roybal describes himself as a "Vendor-Risk Management Activist”, who is a consultant, author, and speaker. Rick has worked in the oil and gas industry for almost two decades. Today, Rick works for Matador Resources, where he ensures vendor compliance with the company’s accounting and  policies and procedures, as well as the accuracy and validity of its billing process. Rick also serves as the Vice-President of the Fort Worth ACFE Chapter and the President and Chair of the Oil & Gas Vendor Round Table. He has earned three degrees: BA (Russian), MA (Linguistics), and MBA (Finance & Accounting). Rick is a Certified Fraud Examiner (CFE) and Certified Information Systems Auditor (CISA). His published work includes articles in Copas Accounts, ACFE Fraud Magazine, and THeIIA Internal Auditor.