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Principal, Fraud Solutions

Fraud Solutions

Fraud: Investigation, Consulting, Training, Detection, Prevention
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  • IL, United States
  • English

About

Daniel W. Draz, M.S.,CFE has 28 years of successful fraud, economic crime, and financial crime experience (investigation, training, prevention, detection, consulting and management), risk, audit, regulatory, and compliance experience, exclusively in the private sector.

Before founding Fraud Solutions, he was the Corporate Investigations and SIU Manager at TransUnion LLC, where he oversaw the Corporate Investigations Department, additionally serving as the global anti-fraud liaison to TransUnion’s operations in 25 foreign countries on six continents. Additionally, his responsibilities included oversight for all internal employee investigations involving violations of ethics, code of business conduct, hotline, and acceptable technology usage policies and procedures. Daniel’s staff also investigated all customer interfacing matters and violations, violations of customer contract agreements, violations of federal rules and regulations governing permissible purpose and access of consumer credit information, and cases with federal law enforcement agencies involving rings and organized criminal activity.

Prior to joining TransUnion, Daniel was a Fraud Investigator in the Special Investigations Unit at Standard Insurance Company in Portland, Oregon. In that capacity, he conducted sophisticated insurance (Life, Health and Disability) investigations (Civil and Criminal) into questionable/fraudulent claims; referred insurance fraud investigations to local, state and federal law-enforcement agencies nationwide for prosecution consideration; coordinated investigations with law-enforcement agencies and prosecutors and advised counsel, senior management and business units on fraud issues/problems/solutions. Additionally, he was also responsible for development and delivery of anti-fraud training programs and training on red flags/fraud avoidance/investigation procedures/methods to minimize exposure to financial loss.

Previously, Daniel owned and operated an investigative and fraud consulting agency in California, providing specialized fraud consulting, investigative, and litigation consulting services to businesses and corporations, insurance companies, self insured’s, financial services firms, large law firms, government agencies, telecom carriers, and select individual clients nationally. From 1994-1997 he was the only investigator in the country selected to represent 30 insurance companies and insurance defense firms in the billion-dollar Rockwell v. Aetna environmental litigation matter, the largest legal case in the country at the time.

Before getting licensed in California, Daniel worked in the Corporate Security Department at MCI Telecom, handling complex telecommunications fraud cases around the globe with federal law enforcement agencies and the U.S. Attorneys Office. During this time, he successfully investigated multimillion dollar fraud and organized crime cases involving the illegal usage of telecom products.

Daniel has been a Certified Fraud Examiner (CFE) since 1996 and is a member of the American Society for Industrial Security’s (ASIS) Economic Crime Council. He has an M.S. in Economic Crime Management from Utica College (2005) and a B.S. in Criminal Justice from Arizona State University (1985). He currently holds Adjunct Professorships at three colleges where he teaches a variety of classes (graduate and undergraduate) involving various forms of fraud, economic crime, white collar crime, and criminal justice. He also has extensive experience teaching both in classroom and online, and with developing unique academic curriculum.

Daniel is a frequent speaker at national industry conferences. He is formerly Associate Editor, Fraud Investigations for PI (Private Investigator) Magazine, where he wrote on a variety of fraud related topics. Daniel also created the first insurance fraud column for FRAUD Magazine, the official publication of the Association of Certified Fraud Examiners, and is an occasional contributor to SIU Today, the official publication of the International Association of Special Investigations Units. He has been published extensively in industry and trade publications over the years and frequently mentors other investigators and fraud professionals around the country.

Experience

Principal - Fraud Solutions

Education

M.S. Economic Crime Management (2005)
Utica College

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