In this week's episode, Matthew and Mark dive into a shocking wave of new fraud stories that all hit the headlines this week—and every one of them exposes the same weak points: identity, responsibility, and accountability.

We break down the latest GAO report revealing massive vulnerabilities in Obamacare Marketplace plans—fake identities getting approved, stolen Social Security numbers used in dozens of applications, brokers making unauthorized changes, and taxpayers footing the bill for millions in bogus subsidies. Then we travel to Minnesota, where Medicaid and COVID-era relief fraud has surged past the $1 billion mark, with new cases showing how nonprofits, brokers, and even ghost companies exploited programs designed to help real families.

And yes… in case you missed it, Taylor Swift and Travis Kelce just announced their upcoming wedding. The tabloids call it the love story of the decade—but the Fraud Bros ask:
 “Is it romance… or the greatest marketing campaign ever conceived?”

As always, we connect the thread: fraud happens wherever identity is weak and accountability is missing—whether in healthcare systems, government programs, or even corporate operations. Identity management, internal controls, and segregation of duties aren't just audit words… they’re the guardrails that keep taxpayer dollars, patient data, and entire programs from going off the rails.

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In Season 3, Episode 4 of Fraud in the Office, the Fraud Bros break down the unbelievable story of two MIT-educated brothers who allegedly executed a $25M crypto heist in just 12 seconds.

This first-of-its-kind scheme exposed critical weaknesses in the blockchain ecosystem, challenged assumptions about crypto security, and showed how intelligence, opportunity, and access can be exploited at lightning speed.

In this episode, we unpack:

• The bizarre rise of MIT brothers at the center of the heist
• How the alleged exploit was engineered and executed
• Why blockchain isn’t as untouchable as it claims
• How crypto fraud mirrors classic phishing & wire-scam psychology
• And why trust, transparency, and controls matter in ANY system

95% entertainment.
5% fraud prevention.
100% wild.

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In this episode, the hosts delve into a shocking insider trading scandal involving the NBA, where organized crime intersects with professional basketball. They discuss the details of the schemes, the players involved, and the motivations behind such risky behavior. The conversation highlights the implications of integrity in sports and the legal challenges faced by those implicated in the fraud. In this conversation, Mark and Matthew delve into the intricate world of insider trading, gambling schemes, and the implications of cheating in professional sports. They explore the mechanics of poker cheating, the role of the mafia in enforcing debts, and the challenges of preventing fraud in gambling. The discussion also touches on regulatory measures and the integrity of professional sports, particularly in the context of the NBA and its investigations.

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Two stars. Two scandals. One theme: misplaced trust.
This week, the Fraud Bros unpack how Taylor Swift’s ex-manager and Shohei Ohtani’s interpreter remind us that fraud doesn’t care about fame — only opportunity.
And always, 95% entertainment, 5% prevention.

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In this episode of 'Fraud in the Office', hosts Matthew and Mark Rekers discuss the return of the podcast, the format, and the inspiration behind it. They delve into the scandal surrounding influencer Chiara Ferragni and the fraudulent practices linked to her charity cake sales, highlighting the issues of trust and transparency in influencer marketing. The conversation emphasizes the need for accountability in social media promotions and the implications of losing trust in influencers. The episode concludes with a discussion on the importance of consumer education and the necessity for transparency in charitable contributions.

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Welcome to FRAUD IN THE OFFICE –a true fraud podcast. I’m Matthew Rekers alongside the Hairless Bald Eagle, Jeff Hare, and the charming and available voice of reason Kacey V. 

How do ordinary people steal extraordinary amounts of money from big companies?

Tune into FRAUD IN THE OFFICE and discover the WHO, THE HOW, and THE WHAT NOW.

This week’s episode Negative ROI. The Rhino Onward International (ROI) scandal involves a $46 million renewable energy swindle centered around false promises in the green hydrogen industry. Launched in 2022, ROI, led by Paul Croft and J.D. Frost, claimed it would build a green hydrogen plant worth $530 million. They attracted $31 million from over 200 investors, many of whom were their accounting and tax advisory clients, believing in the legitimacy of their venture. 

Hence the title Negative ROI and one could say Frost froze those investors assets.

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Welcome to FRAUD IN THE OFFICE –a true fraud podcast. I’m Matthew Rekers alongside the Bold Bald Eagle, Jeff Hare, with no hair and the much-needed voice of reason Kacey V.
How do ordinary people steal extraordinary amounts of money from big companies?
Tune into FRAUD IN THE OFFICE and discover the WHO, THE HOW, and THE WHAT NOW.
This week’s episode Big Cat Phishing. This week we are going to talk about the #1 Cyber Attack reported by the FBI in 2023 and that is Phishing/Spoofing. According to the FBI's Internet Crime Complaint Center (IC3) report for 2023, phishing and spoofing emerged as the top cyber threat, accounting for 39% of the 758,000+ complaints filed throughout the year. Shockingly, all these incidents resulted in total losses exceeding $12.5 billion.*
Given these staggering statistics, it's crucial for organizations to assess their susceptibility to such attacks.

Guest star: Victory Technologies, Victor Dennis
Victory Technology - Proactive Managed IT Services - Knoxville, TN

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Welcome to FRAUD IN THE OFFICE –a true fraud podcast. I’m Matthew Rekers alongside the truly heroic Ironman 2, Jeff Hare with no hair, and the oh so charming, voice of reason Kacey V. How do ordinary people steal extraordinary amounts of money from big companies? Tune into FRAUD IN THE OFFICE and discover the WHO, THE HOW, and THE WHAT NOW.
This week’s episode Deepfake Out. AI turned against us reminds me of Terminator. Machines take over and wipe out the humans. Well, this is less violent, but still AI was used to impersonate visually a CFO to request $25 million be transferred to the fraudsters using deepfake technology in a video conference call. Sound unbelievable, it just happened a couple months ago.

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Welcome to FRAUD IN THE OFFICE –a true fraud podcast. I’m Matthew Rekers alongside the truly heroic Ironman 2, Jeff Hare with no hair, and the oh so charming, voice of reason Kacey V.  How do ordinary people steal extraordinary amounts of money from big companies? Tune into FRAUD IN THE OFFICE and discover the WHO, THE HOW, and THE WHAT NOW.

This week’s episode A Bit Conned. Last season we explored the FTX bankruptcy of the major crypto currency exchange. This story of Ray Trapani and Centra Tech is even more unbelievable because he scammed $32 million from investors and ultimately got away with it. The Netflix show Bitconned is almost con itself since Ray laughs at how he becomes famous lying, cheating, stealing, and ratting out his partner to get away with the scam. This kid boasts that he has always wanted to be a criminal and rich.
#Bitcoin

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Welcome to FRAUD IN THE OFFICE –a true fraud podcast. I’m Matthew Rekers alongside the Ironman 2, Jeff Hare, and the voice of reason Kacey V. 

How do ordinary people steal extraordinary amounts of money from big companies? 

Tune into FRAUD IN THE OFFICE and discover the WHO, THE HOW, and THE WHAT NOW. 

This week’s episode Better Call Conn. One might call Social Security the biggest scam, but Eric Conn found a way to hit SSA with the largest Social Security scam to the tune of half a billion dollars. A real Saul Goodman, maybe the character they based Better Call Saul off of?

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