TOMMY SEAH conducts Loan and Mortgage FRAUD in Malaysia

1. © ProEdge Global
A ProEdge Financial Management Series
Knowledge is Empowering
an executive coaching session on:
Loan & Mortgage Fraud:
Understanding, Detecting & Investigation
SOLD OUT in Hong
24 & 25 February 2009
th th Kong & Singapore.
Now in Kuala Lumpur,
Berjaya Times Square Hotel, Malaysia
Kuala Lumpur, Malaysia
The FBI defines mortgage fraud as “any material
misstatement, misrepresentation or omission
relied upon by an underwriter or lender to fund,
SPECIAL
purchase or insure a loan.”
Don’t Miss Out This
Fantastic Offer !
Book & Pay Before
Fraud for profit: A complex scheme involving multiple parties, including mortgage
12th Dec 2008
lending professionals, in a financially motivated attempt to defraud the lender of large
sums of money.
• Save up to RM400
• 1year CSI Associate
Fraud for profit schemes frequently include a straw borrower whose credit report is
used, a dishonest appraiser who intentionally and significantly overstates the value of Membership on
the subject property, a dishonest settlement agent who prepares two sets of HUD settle- recommendation by
ment statements or makes disbursements from loan proceeds which are not disclosed
Chairperson
on the settlement statement, and a property owner, all in a coordinated attempt to
Tommy Seah
obtain an inappropriately large loan.
• 10 CSI accredited CPE
points
The parties involved share the ill-gotten gains and the mortgage eventually goes into
default. In other cases, naive “investors” are lured into the scheme with the organiz-
er’s promise that the home will be repaired, repairs and/or renovations will be made,
tenants will located, rents will be collected, mortgage payments made and prots YOUR COACH :
will be split upon sale of the property, all without the active participation of the straw
Tommy Seah
buyer. Once the loan is closed, the organizer disappears, no repairs are made nor rent-
CFE, FAIA, Forensic CPA, CSI
ers found, and the “investor” is liable for paying the mortgage on a property that is not
worth what is owed, leaving the “investor” nancially ruined. If undetected, a bank may
Chartered Banker,
lend hundreds of thousands of dollars against a property that is actually worth far less
Accountant,
and in large schemes with multiple transactions, banks may lend millions more than the
Auditor, Investigator,
properties are worth.
Examiner, Member of
The Board of Regents,
This seminar explains the various aspects of mortgage loan fraud and addresses the
areas where your financial institution may be vulnerable. ProEdge Global is pleased ACFE (Texas, USA)
to present this 2-day Workshop on Loan & Mortgage Fraud: Understanding, Detecting
& Investigation. This will serve as an excellent opportunity to learn the fundamentals
necessary to conduct a proper loan & mortgage fraud assessment in compliance with
corporate and regulatory guidelines.
CFE-In-Practice
Official Training
Hotel Partner
Integrity. Intelligence. Independence.
For registration and enquiries please contact our Program Manager Kenneth :
Email : kenneth@proedgeglobal.com Tel : +603 2116 5671 Fax : +603 2116 5999 Web : www.proedgeglobal.com

2. LOAN & MORTGAGE FRAUD: UNDERSTANDING, DETECTING & INvESTIGATION 24th - 25th February 2009
Why is this program so special ? Program Outline : Day 1 & Day 2
In the light of the current economic crisis, loan offi-
• Strictly limited numbers means that you will receive
cers and relationship managers are often unjustiably
maximum personal tuition and coaching throughout
accused of chasing short term gain that landed their
the entire program
bank in long term pain. Our distinguished speaker, Mr.
• Learning will be facilitated through discussion and “real
Tommy Seah, No. 1 Fraud buster in Asia wants to see
life” case studies.
that the Mortgage Industry steps up and starts training
• This course is lead by one of the leading financial
their employees the correct way.
fraud specialist who has taught professionals from
most of the leading organisations around the world
WHAT IS FINANCIAL CONTAGION AND HOW IS IT
• New and exciting developments in the fraud detection
TRANSMITTED?
and prevention techniques will be shared to increase
• How did we get into this terrible mess ?
your effectiveness within all aspects in dealing with
fraud in your organisation.
INTRODUCTION TO MORTGAGE AND LOAN FRAUD
• This comprehensive course offers you the unique
• Commonly Reported Variations of Mortgage Fraud
opportunity to leverage on networking, sharing
• Mortgage Fraud Schemes
of views and ideas, and learn how other organisations
• Fraud for property and fraud for profit
are dealing with problems of financial fraud.
• Common misrepresentations in mortgage loan
• Acquire the skills and defense strategies from
applications
Tommy Seah, Asia’s Number 1 ‘Fraud Buster’
• Loan Flipping & Deceptive Loan Servicing
• Credit Insurance Packing
The institutions that Tommy has trained include:
• Bait and Switch
Monetary Authority of Singapore, Oversea Chinese
• Effective Fraud Detection Measures
Banking Corporation, Perwira Affin Bank, United
Overseas Bank Ltd, Hong Leong Finance, Malaysian
UNDERSTANDING AND SHAPING YOUR ENvIRONMENT
International Merchant Bankers Bhd, P.T. Indonesia
• Understanding the role of the Relationship Manager
Finance & Investment Co, Southern Bank Bhd, United
• Understanding the role of a Corporate Loan Officer
Malayan Banking Corp Bhd, Tenaga Nasional Bhd,
Westpac Banking Corp, Government Investment
AUDITORS RESPONSIBILITIES
Corporation of Singapore, PriceWaterhouseCoopers,
• Collusion between employees and third parties
HSBC, Philip Morris, Inland Revenue Board, CIMB.
represents a growing number of all mortgage fraud
• In what order would you perform the suggested
Some Comments from Past Delegates: investigative task
• “The subject matter was well presented and at a • The difference between Auditing and Investigation
suitable pace.” - Manager, BNP Paribas • Looking beyond financial records
• “The way the program was conducted - Lively - • Discussion on choosing a loan (Case scenario)
Able to keep one’s attention.” - Head of Internal
Audit, Credit Lyonnais CONDUCTING INTERvIEWS WITHIN THE FRAUD AUDIT
• “Interesting, informative and lively presentation” • Using Kinetics to spot deception: Interpreting bad
- Investigation Officer, Inland Revenue Board (IRB) language
• Interviewing Dos and Don’ts
Who Should Attend This Program • Who should conduct the interview
The course is a unique opportunity fort hose who wish
to learn improved methods associated with Mortgage INvESTIGATING - RESPONDING TO SUSPECTED
Loan Fraud detection and prevention. It also showcases WRONGDOING
an interactive approach towards the needs and issues • Introduction to Fraud Investigation
pertaining to Mortgage Fraud. • What a complete investigation should include
• Fraud Investigation Methodology
This course will provide an invaluable insight for : • Obtaining evidence and proving wrongdoings in
• Relationship Managers mortgage sales
• Corporate Lending Officers
• Credit Managers ETHICS AND THE PREvENTION OF MORTGAGE FRAUD
• Credit Administrations • Building an Anti Fraud Program
• Operations Managers • Management programs for Morgage Fraud
• Heads of Internal Audit/Corporate Audit deterence and the tone at the Top
• Audit Managers/Officers • Steps in Mortgage Fraud prevention
• Finance Directors • Discussion and suggestions for the future
• Branch Manager
• Loan Officers BACKGROUND EXAMINATION ACCOUNTING ANALYSES
• Risk Management Heads • A discourse on the need for surveillance of
• Key Account Managers employees in the Marketing Department
• Forensic Accountants • Case Studies: Red Flags in Mortgage Fraud
• Independent Auditors
Banks in the country are turning cautious and being selective in evaluating loans due to the global credit crunch, but they have
not put the brakes on lending to businesses, bankers said. - source The Star (Friday October 10, 2008)

3. LOAN & MORTGAGE FRAUD: UNDERSTANDING, DETECTING & INvESTIGATION 24th - 25th February 2009
Your Fraud Investigation Coach Tommy Seah is the author of seven banking books
including the F.I.G. Program. The F.I.G. is the authori-
tative and definitive text on Financial Instruments
designed to be used in the world wide banking
industry. This publication has received excellent
review and first class commendation from some
of the most authoritative professional certification
bodies and top-rated banks in the world. The other six
authoritative texts are The Audit Foreign Exchange
in Banks, The Control of Money Market Activities in
Banks, Understanding and Auditing Operational Risk
Management, Financial Management for Banks,
MCA for Banks and SWAPS in Investment Banking. His
CFE-In-Practice latest publication is BASEL II Trading Book Issues in Risk
Management.
Integrity. Intelligence. Independence.
Tommy Seah, CFE, FAIA, Forensic CPA, CSI For the past twenty eight years, Tommy has trained
Chartered Banker, Accountant, numerous bank auditors and consulted by numerous
lawyers in the region. Financial Instruments, Foreign
Auditor, Investigator, Fraud Examiner
Exchange, Money Market Options, Derivatives and
Member of the Board of Regents, ACFE
Swaps are his special interests. He devotes a substan-
(Texas, USA) World Headquarters
tial portion of his time in research work and is presently
Chairperson, CSI World Headquarters available on retainer to selected established banks for
loss prevention consultancy. Today, he is still very much
a hands-on accountant, auditor, investigator and SOX
Course Details
Tommy is the Independent Third Party Central 404 Compliance examiner.
Bank Compliance Reviewer for a $25 billion asset
management company. He is a Risk Management
Specialist and a member of the Global Association
Course level: Intermediate
of Risk Professionals (GARP). He is a Certified Fraud
On booking, you will receive a pre-course question-
Examiner and a member of The Association of Certified
naire, which will help the course leader pinpoint your
Fraud Examiners Board of Regents based in Texas, USA.
precise concerns and learning needs, so that he can
CFE is a post graduate professional qualification
tailor the content to your particular area of interest. If
recognised by the USA Central Intelligence Agency in
you require any further information about the course
it’s recruitment of auditors for combating fraud.
program, please call our us on (+603) 2116 5671 or
email to kenneth@proedgeglobal.com
His services in providing technical training and
consultancy in AML and Basel II systems implementa-
tion is much sought after by numerous banks in the
It takes a little willingness to learn from the right author-
region, including Germany, Singapore, Malaysia, China,
ity on the subject and proficiency can come almost
Indonesia, Brunei, Thailand, Philippines and Taiwan.
immediately. It is for this very reason that ProEdge
Tommy’s previous experience includes systems-based
Global together with CFE In- Practice takes upon itself to
auditing in an American International Bank, where he
launch this learning event for the benefit of the business
was the Senior Regional Auditor responsible for the
community at large.
Bank’s audit in the Asia Pacific region. He has also held
the top executive position of Chief of Internal Audit in
a prime offshore bank where his audit duties cover the 0830 Registration and Morning Coffee
Course Timetable
Singapore and Hong Kong operations of the bank. His 0900 Morning Session Commences
1030 Refreshments & Networking Break
brief covers all areas of the bank’s audit of operations
1045 Session Commences
and IT systems. Prior to this, he was Head of Operations
1230 Networking Lunch
of a foreign bank.
1330 Afternoon Session Commences
1515 Refreshments & Networking Break
In addition to being a Fellow Member of two
1530 Session Commences
internationally recognised and leading UK Accountancy
1700 Course ends
body, Tommy holds professional graduate diplomas
from two Banking Institutes including the prestigious
Chartered Institute of Bankers (UK). Disclaimer
Due to the interactive nature of the learning session, the sequence
and contents of the program maybe vary according to the needs
Besides being a qualified fellow member of two
of the participants. The speaker reserves the inalienable right and
U.K. professional accounting bodies, he is also a the privilege to conduct the program in the manner which he thinks
member of the Information Systems Audit and to be in the best interest of the majority of the participants. Please
Control Association (ISACA) and Institute of Internal ensure that you understand this completely so as to prevent any
form of unrealistic expectation and or disappointment in a public
Auditors (USA). In this region, Tommy Seah is the only enrolment program that was not tailored to your specific need.
Singaporean who holds the membership grade of
Senior Associate of Malaysian Institute of Bankers. Please inform the ProEdge in advance if you are not agreeable or do
not completely understand the above term and we will review your
enrolment accordingly.

4. 24th - 25th February 2009
LOAN & MORTGAGE FRAUD: UNDERSTANDING, DETECTING & INvESTIGATION
SALES CONTRACT
BOOKING REFERENCE: PEG 178
How To Register
Investment
□ RM 3380 for two day workshop (inclusive of 5% gov tax) Contact ProEdge Global on
□ Early Bird Price - RM2980 (RM400off from normal price) Tel: +603 2116 5671
Fax: +603 2116 5999
(Payment & registration received before 12th Dec 2008) Email: kenneth@proedgeglobal.com OR
brenda@proedgeglobal.com
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Workshop Information
For registration of groups of 3 or more booking at the same
Date : 24th - 25th February 2009
time from the same company. * Corporate Group Discounts:
Venue : Berjaya Times Square Hotel & Convention Centre,
RM12000 for group of 5 pax
Kuala Lumpur, Malaysia
Please contact our Program Manager, Kenneth for more
Our Address
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