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Larry C. Adams, CPA
Phoenix, Arizona USA
Certified Public Accountant
Certified Fraud Examiner
E-mail
fraudwritr@aol.com
Telephone (602) 995-8008
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Noteworthy News
Archive
2005 Jul - Sep
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09/13/2005 Tuesday:
"Practical Considerations of a Fraud
Investigation"
Guest speaker, Brad Preber, Partner,
Grant Thornton LLP. Meeting of the
Arizona Chapter of the
Association of Certified Fraud Examiners.
Arizona Industrial Commission Building,
5th Floor Conference Room, 800 West
Washington Street, Phoenix, Arizona. Time:
11:30am – 1:00pm. Members: Free. Guests and
students: Free.
Park on the top level of the garage.
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09/09/2005:
 Tunneling
fraud occurs more often in civil law
countries because they have a higher proportion of private and family-owned
companies.
Read the Fraud In Other Words article
for September 2005. The topics are Tunneling, Rort, Erector-set Fraud,
Prevaricate, CFA, and Redfellas.
FRAUD Magazine features this new
article by Larry C. Adams, CPA, CFE, CIA, CISA.
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09/09/2005:
 Distance affects an interview.
Interrogators recommend the "knee-to-knee" method.
Read the Fraud In Other Words article
for April 1995 - Part 1. The topics are
Proximics, Pay Through the Nose, Mouse Milking, Rescam (Recovery Scam),
Credit Card Swindle, Inside Job, Fat Chance, Access Device Fraud, and
Smart Dollar. This article by Larry C. Adams, CPA, CFE, CIA,
CISA appeared in the Arizona Fraud Line.
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09/09/2005:
 Savings
and loan associations financed “trash for cash” deals to sell real estate
at artificially inflated prices.
Read the Fraud In Other Words article
for April 1995 - Part 2. The
topics are Video Arcade Fraud, Swindle Sheet, Copy Ban Plus, Caveat
Emptor, PSA, Derivatives, FSC, and Swirls (Trash for Cash).
This article by Larry C. Adams, CPA, CFE, CIA, CISA appeared in the
Arizona Fraud Line.
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08/04/2005:
Harry Potter
Author, J. K. Rowling, Fights Fraud
Harry Potter and the Half-Blood Prince is her sixth best
selling book of fiction. Arthur Weasley, a likeable continuing character,
is promoted to head the new Office for the Detection and Confiscation of
Counterfeit Spells and Protective Objects, with a staff of 10. In one of
the cases, a fraudster sells Metamorph-Medals to put around your neck and
allow you to change your appearance at will. Unfortunately, the buyers
only turn an unpleasant orange color, and some sprout warts all over their
bodies. Weasley's office uses confidential tip-offs to initiate
investigations (pages 84 - 87, 284). Rowling is a victim of fraud in real
life. In less than 24 hours after the printed English version of the book
was released, the full text was available in China on the Internet as a
unauthorized free e-book. Pirated printed copies of the book were sold
four months before the official release in China for 1/10th the price. The
fake soft cover books were poorly translated, crucial pages were missing,
and the plot ending was changed. China is regarded as the world’s biggest
source of illegally copied goods.
"Chinese Pirates Hawk Harry Potter," Associated Press,
http://msnbc.msn.com/id/8777075/, July 31, 2005.
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07/22/2005:
 Death Star schemes increase energy prices.
Read the Fraud In Other Words article
for July 2005. The topics are Involuntary Churn, Curro, Megawatt
Laundering (Ricochet Purchasing, Death Star Transactions), Snake-check,
Missing Trader VAT Fraud (Carousel Fraud), Untraceable Fleet, Oszustwo,
and Spim.
FRAUD Magazine features this new
article by Larry C. Adams, CPA, CFE, CIA, CISA.
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July 2005 Web page updates:
Fraud
Examination
Courses and
Degrees Offered by Universities. Fraud class added for the American
University of Beirut.
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07/18-19/2005 Monday and Tuesday:
Conference on Intellectual Property in the Global Marketplace
Topics include "Trademarks and Domain Names," "Patents, Secrets, and
Unfair Competition," "Copyright," and "Combating Counterfeiting and
Piracy: The China Conundrum." Sponsored by the United States Patent and
Trademark Office. Hyatt Regency Phoenix. 8:30 a.m. - 6:00 p.m. Register at
http://www.signup4.net/Public/ap.aspx?EID=CONF20E
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07/15/2005:
 Billing
systems can detect erratic electricity use, a symptom of power theft.
Read the Fraud In Other Words article for
August 1995. The topics are Decomposed
Writing, Power Theft, Patronage, Cookware Scam, Document Aging, Windbag,
and Tops and Bottoms. Arizona Fraud Line featured this article by
Larry C. Adams, CPA, CFE, CIA. CISA.
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07/15/2005:
 A lie can travel halfway around
the world
while the truth is putting on its shoes.
Read the Fraud In Other Words article for
June 1995. The topics are Unbearable Fraud, CBOK, Iron a Card, Drop Out,
Spinning Windies, FAQ, Mail Reflector, Flame,
Ghost Rider, Hang Out to Dry, and Back-pedal. Arizona Fraud Line
featured this article by Larry C. Adams, CPA, CFE, CIA. CISA.
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07/15/05:
 Some
people consider an accountant as dangerous as an African snake.
Read the Fraud In Other Words article for
May 1995. The topics are Dolphin Mind Scam, Bilbrey Treatment,
Conundrum, Perjury, Tissue Checks,
Creative Punishment, and Puff-Adder. Arizona Fraud Line featured
this article by Larry C. Adams, CPA, CFE, CIA. CISA.
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07/15/2005 Friday:
Identity Theft: The Fastest Growing Crime in America Guest speaker:
John Gardner, Jr., Esq. Learn how new laws like FACTA and HIPAA can
severely impact businesses with stiff fines and penalties for
noncompliance. Learn how identity theft insurance can help consumers to
restore their identity. This Executive Lunch and Learn is co-sponsored by
the Arizona Chapter of the National Association of Tax Professionals (AZ
NATP) and Pinnacle Business Solutions (Bridgewater, New Jersey). 11:30
a.m. - 1:30 p.m. Manuel's Restaurant, 7th Street and Missouri, Phoenix.
For reservations, contact Regina Stewart at urstew@optonline.net.
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07/12/2005 Tuesday:
Increase Your Return On Investment by
Waving Red Flags Where You Work
 Fraud
losses for major companies have exceeded their net income. Knee-jerk
reactions, after fraud has occurred, are not enough. Taking proactive
steps to reduce fraud risks has a greater return on investment. Learn how
to recognize the symptoms of fraud from real cases. Larry
C. Adams, CPA, CFE, CIA, CISA will be the guest lecturer at the Keller
Graduate School of Management of DeVry University in Scottsdale. 6:00 p.m.
- 9:30 p.m.
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07/05/2005 - 08/23/2005:
Accounting Fraud Examination Concepts Course (AC572) Offered at the Keller
Graduate School of Management of DeVry University
The course focuses on federal legislation related to fraud examination,
including laws preserving rights of individuals suspected of committing
frauds, laws governing civil and criminal prosecutions, admittance of
evidence and testimony of expert witnesses. Topics also include the U.S.
Federal Rules of Civil and Criminal Procedure, and the U.S. Rules of
Evidence. Coursework continues preparing students interested in earning
the Certified Fraud Examiner (CFE) credential. The course is offered on
Tuesdays 6:00 p.m. to 9:30 p.m. at the Scottsdale Gateway One building,
9201 East Mountain View Road, Suite 115, in Scottsdale, Arizona.
Additional study is done online. Joyce Barden, CPA, CBM, is the
Senior Professor for the course. For more information, send Joyce an e-mail at jbarden@phx.devry.edu.
Joyce is developing three more fraud courses at
Keller
Phoenix Metro. Larry Adams will be a guest lecturer.
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Noteworthy News Archive
News 2005 Oct - Dec
News 2005 Jul - Sep
News 2005 Apr - Jun
News 2005 Jan - Mar
News 2004 Jul -
Dec
News
2004 Jan - Jun
News 2003 May - Dec
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