Larry Adams "Fraud In Other Words" Noteworthy News Archive 2005 Oct

Noteworthy News Archive
2005 October - December

11/30/2005: Fraud Facts from the Global Economic Crime Survey 2005
A. The Audit Committees of companies were not notified in 50% of the cases of financial misrepresentation.
B. No industry is safe from fraud. 45% of companies worldwide have fallen victim to fraud in the past two years, and suffered an average of 8 serious incidents.
C. In the wake of fraud incidents, 40% of companies suffered significant loss of reputation, decreased staff motivation, and declining business relations.
Download the free full report of the PricewaterhouseCoopers Global Economic Crime Survey 2005. You can download reports for specific countries too.

11/15/2005:
W. C. Fields played characters who told yarns to distract potential victims.

Only half of music recordings obtained by fans in 2004 were from authorized CD sales.
Read the Fraud In Other Words article for November 2005 by Larry C. Adams, CPA, CFE, CIA, CISA. The topics are Never Give a Sucker an Even Break, Ripping, Wildcat Subdivision, Salutary Effect, Buyer's Remorse, Non-buyer's Remorse, Seller's Remorse, and Channel Stuffing. This article on fraud terminology is featured in Fraud Magazine, the Journal of the Association of Certified Fraud Examiners.

11/15/2005 Fraud In Other Quotes
"The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not."
John Kenneth Galbraith, economist and professor
Read more Fraud In Other Quotes. See what TV's Beaver Cleaver, comedian W. C. Fields, anthropologist Margaret Mead, and Greek author Aesop have to say about fraud, truth, honesty, and lies.

11/13/2005:
Fraudsters fail to disclose the high cost of environmental cleanup liabilities that may be inherited by real estate

buyers.
Read the Fraud In Other Words article for January 1995. The topics are Brownfield Scam, White Intelligence, Safe Water Scam, Front-end Loan Scam, Prime Bank Fraud, Wireless Cable Scams, Take for a Ride, EBT, and Sacred Cow. This article by Larry C. Adams, CPA, CFE, CIA, CISA appeared in the Arizona Fraud Line.

11/12/2005:
College Students and Educators Are Encouraged to Join
the Association of Certified Fraud Examiners
Do you want to know more about preventing and detecting fraud? Are you studying or teaching accounting, business management, marketing, law enforcement, law, criminal justice, forensics, auditing, computer security, or ethics? You can join the ACFE at a special rate of $25 in the U.S. For more information about the qualifications and benefits, read about how you can Become a Student Associate of the ACFE. Educators can join too!

11/12/2005 Saturday:
Fighting Fraud: Catching the Crooks Who Cook the Books
A half-day seminar presented by the American Society of Women Accountants, Phoenix Chapter. Guest speakers include Joyce Barden, CPA, Kathleen Barney, and Larry C. Adams, CPA, CFE, CIA, CISA. Accounting fraud has collapsed large corporations such as WorldCom and others into bankruptcy, sent former executives to jail, and led to the demise of major auditing firms like Arthur Andersen. As a result of these publicized events, an ethics revolution has taken hold in the business world, and accounting rules have been strengthened. Fraud can affect even the smallest of businesses. Fraudulent schemes can be extremely simple to extraordinarily complex. What can we learn to help our clients avoid these perils? How do we detect and fight fraud? Can we predict potential security weaknesses? How does a company design adequate internal controls to protect its assets? How do you investigate the suspected misappropriation of funds? What are the auditor’s responsibilities? Registration 8 a.m. Continental breakfast. Seminar 9 a.m. – 1 p.m. (4 hours CPE) DeVry University, 2149 West Dunlap Avenue, Phoenix, Arizona. Cost $50. Proceeds will be used to benefit students. For reservations, contact Judy Harding at Judycpa@extremezone.com or phone 602-973-5754.

11/09/2005 Quote for the Day
"A candle loses nothing by lighting another candle. You can enlighten the world too. Share your knowledge and wisdom with the people around you.

Fraud In Other Words™
Professional Jargon and Uncensored Street Slang
Learn fraud terminology, professional jargon, and uncensored street slang in Fraud In Other Words by Larry Adams

Learn fraud terminology, professional jargon, and uncensored street slang in Fraud In Other Words by Larry Adams

by Larry C. Adams, CPA, CFE, CIA, CISA uncovers the amazing regional and international terminology used by fraudsters and fraud examiners. Internet swindles sparked a firestorm of new lingo, yet some expressions of deception are rooted in ancient Greek mythology. This is an eye-opening collection of definitions, word histories, case anecdotes, and tips to deter fraud.
Order the book online or by mail

11/08/2005 Tuesday - 11/09/2005 Wednesday:
Phoenix 2005 Economic Crime Summit
presented by the National White Collar Crime Center (NW3C), a congressionally-funded non-profit organization. Topics: "Computer Forensic Solutions for Encrypted Data Investigations," "Elder Victimization: True Life Case Studies," "How Businesses Deal With Cross Border Identity Theft," "Identity Theft," "Identity Theft and Phishing," "Identity Theft Prosecution Strategies," "Identity Theft and Related Crimes- The Critical Role of Intervention, Education and Assistance to Victims," "Identity Theft Verification Passport Program," "Internet-Facilitated Fraud," "Innovation in Identity Theft Prevention: New Methods to Protect Consumers Against Identity Theft," "Lottery Scams and Fraud Today’s Fools Gold," "Point, Click, Got Root?" "Skiptracing and Asset Investigations Using Online Sources," and "Successful Investigation of Skilled Offenders." Course descriptions and registration. Hyatt Regency Phoenix. 10 hours CPE. Registration fees: $75 online. $100 by mail or at the door.

11/01/2005 Tuesday:
Truth or Deception: Interpreting Signals
Fall seminar sponsored by the Arizona Chapter of the Association of Certified Fraud Examiners. "Interviewing, Interrogation, and Polygraph Techniques," guest speaker, Victor Ray Bell II, Lead Examiner, Phoenix Police Department. "Forensic Psycholinguistic Patterning (Content Analysis)," guest speaker, Dale Tunnell, PhD, Founder of Forensitec. Arizona Industrial Commission Building, 1st floor auditorium, 800 West Washington Street, Phoenix, Arizona. Park on the top level of the garage. Time: 8:00 a.m. to noon. 4 hours CPE or 3 hours AZPOST. Registration fees: Members, $40. Nonmembers $50. Limited seating. For reservations and payment information, contact Renee Jenkins at reneejenkinscpa@earthlink.net.

10/24/2005 - 12/19/2005:
Master-level fraud class offered in Phoenix
Larry C. Adams, CPA, CFE, CIA, CISA, will be the instructor for "Accounting Fraud Examination Concepts" (AC572). The 8-week blended format course includes onsite classes one night a week plus online activities. 45 hours CPE or 3 college credits. Location: Keller Graduate School of Management of DeVry University, Phoenix Center, 2149 West Dunlap Avenue (near I-17), Phoenix, Arizona. Keller offers a Master of Accounting and Financial Management (MAFM) program with a Certified Fraud Examiner (CFE) emphasis. MAFM course information. Even if you are not pursuing a master degree, you could take the fraud course as a student-at-large. For course registration details, call (602) 870-0117.

10/19/2005 Tuesday:
Ethics and Professional Responsibility

Guest speaker, Cynthia Cooper, former Chief Audit Executive of MCI/WorldCom. Cooper was named one of Time Magazine’s 2002 Persons of the Year after detecting and reporting the largest fraud in U.S. history. Time: 11:00 a.m. to 4:00 p.m. 4 hours CPE. Hyatt Regency Phoenix, 122 North 2nd Street. Institute of Internal Auditors members $125. Nonmembers $150. $25 advance registration discount if paid by 09/20/2005. For registration details, see the IIA Phoenix Chapter's event announcement

10/11/2005 Tuesday:
Depositions - Taking Effective Statements
Guest speaker: Scott Richardson, J.D., Shareholder, Jaburg & Wilk, PC. Richardson profile. Meeting of the Arizona Chapter of the Association of Certified Fraud Examiners. Arizona Industrial Commission Building, 5^th 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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