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FBI Software Pinpoints Top Phrases Used by Corporate Fraudsters

Bianca STANESCU

January 07, 2013

FBI Software Pinpoints Top Phrases Used by Corporate Fraudsters

FBI software developed with advisory firm Ernst & Young unraveled the top phrases used in email conversations among employees engaged in corporate fraud, according to a press release. The technology can also pinpoint unusual changes in tone that can reveal fraud targeting specific sectors.

FBI Software Pinpoints Top Phrases Used by Corporate FraudstersSome of the most common expressions used by corporate fraudsters include “cover up”, “write off”, “grey area” and “failed investment.”

“Email traffic is only seized upon by regulators or fraud investigators when the damage has been done,” said Dr Rashmi Joshi, director of Ernst & Young’s Fraud Investigation & Disputes Services. “Firms are increasingly seeking to proactively search for specific trends and red flags ” initially anonymously ” but with the potential for investigation where a consistent pattern of potential fraud is flagged.”

By searching for key phrases such as “call my mobile” and “come by office,” the new software also shows if the employees engaged in fraud are afraid of being spied.

Here are the top 10 words and phrases in email conversations among corporate fraudsters:

1. Cover up

2. Write off

3. Illegal

4. Failed investment

5. Nobody will find out

6. Grey area

7. They owe it to me

8. Do not volunteer information

9. Not ethical

10. Off the books

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