Fraud at ING: A Personal Story of What I Did, How I Was Caught and Lessons I've Learned
Fraud at ING: A Personal Story
- My Fraud and How I Was Caught
- Procedures and Accounting of the Fraud and Cover-Up
- Prosecution Process
- What was Missing at ING that Allowed the Fraud
- Lessons Learned on Prevention
- Fraud Triangle
This is a high-profile speaker. We are flying him out from Minnesota to speak to us and would appreciate a large turnout. Mark your calendars! Registration is open now!
Nathan holds a B.A. in Accounting from Gustavus Adolphus College and was a licensed CPA from 2002-2010. He has over 13 years of public accounting experience and ten years of corporate accounting experience with a focus on financial reporting, cash processing, and accounting controls.
After the reinsurance company Nathan worked for was purchased by ING for $6 billion, he played a key role in transitioning its operations onto ING's enterprise resource planning system. Enabled by lax controls and unchecked authority to distribute funds, Nathan began embezzling money to pay off personal debt and fund a passion for gambling. What started as a $1,100 check to a credit card, spiraled into an $8.5 million fraud over the next four years. It was only a co-worker's suspicions that brought the fraud to an end. After being caught, he pleaded guilty and was sentenced to 97 months in federal prison. He was released in September of 2014.
While serving his sentence, Nathan delivered over 60 speeches to a broad spectrum of groups & organizations including college classes, businesses, business organizations and non-profits. Nathan is currently the Director of Education for John D. Freeman CPA, Ltd., a 25 year old certified public accounting firm located in Plymouth, MN. He has become a sought after speaker for Compliance and Ethics presentations for diverse and notable organizations across the United States. Some of his most Noteworthy presentations to date include the keynote speech at the ACFE Global Fraud Conference 2015 in Baltimore with upwards of 3,000 attendees. Nathan was brought in by electronics industry leader Best Buy to speak at their International Fraud Awareness Week Training and by Allete Inc. to lead CPE training for their entire accounting staff.
Speaking and training are not the only avenues Nathan has pursued to bring fraud and ethics awareness to all industries. He also co-authored "Lessons From An $8 Million Fraud" in the Journal of Accountancy which recently won the prestigious Lawler Award as the article of the year for 2015.