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Larry C. Adams, CPA
Certified Public Accountant
Certified Fraud Examiner
Business Consulting
Fraud Control Planning
Litigation Support
Fraud Seminars
Phoenix, Arizona USA
Phone (602) 995-8008
E-mail
fraudwritr@aol.com
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Noteworthy News
Archive
2006 July - September
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September 25, 2005, Monday
Government Grants: Money With Strings
Attached
 Guest speaker: Larry C.
Adams, CPA, CFE, CIA, CISA. Part of the master-level course on
Intergovernmental Management (PA584). 6:00 p.m. Keller Graduate School
of Management of DeVry University, 2149 West Dunlap Avenue, Phoenix,
Arizona. Keller offers a Master of Public Administration program with an
emphasis in government management, healthcare management, or non-profit
management.
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September 15, 2006
 Bankruptcies,
divorce cases, and business dissolutions can uncover transfers of assets
that appear to be true and valid, but the transfers were intended to
deceive.
Read the Fraud In Other Words article for
September 2006 by Larry C. Adams, CPA, CFE, CIA, CISA. The topics
are Aboveboard, Accommodation Address, Colorable Transfer, Debt, FINTRAC,
Lulling, Norazi Agent, Phantom Regulator, and Unsub. This article on fraud
terminology is featured in Fraud Magazine, the Journal of the
Association of Certified Fraud Examiners.
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September 12, 2006, Tuesday
Real Estate
Bubbles, Busts, and Loan Fraud
With the growing inventory of unsold resale houses and builders' new
houses, Phoenix might be in for "bubble trouble." Whenever the real
estate market softens, properties become increasingly more difficult to
sell. Foreclosures rise and fraudulent real estate sales and lending
practices come to light. Complaints over shady transactions start pouring
in, and so does the work for fraud investigators.
Guest speaker: Robert F. Long, Certified Commercial Investment
Member (CCIM), Broker, Long & Associates,
Inc. Bob has over 30 years of investment and residential real estate
experience. Bob was an asset manager for the Phoenix regional office of
the Resolution Trust Corporation (RTC) during the last real estate crisis
that caused the insolvency of over 2,600 banks and savings & loan
companies. He testified as an expert witness on real estate before the
101st U.S. Congress, House Committee on Banking, Finance and Urban Affairs
in Washington, D.C.
Monthly meeting of the Association of Certified Fraud Examiners,
Arizona Chapter (www.cfe-arizona.org).
5th floor conference room, Arizona Industrial Commission Building, 800 West
Washington Street, Phoenix, Arizona. Sign-in and
networking
11:30 am – 12:00 pm. Seminar 12:00 pm - 1:00 pm.
1 hour of Continuing Professional Education (CPE). Members:
Free. Guests and college students: Free. Please use the free parking on the top
level of the garage. Handicapped parking is at the north entrance of
the building.
More details
about the topic and speaker.
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September 12, 2006, Tuesday
Antifraud Programs and the Fraud Risk Assessment
Lunch speaker: Jim Fox, Director of Internal Audit, Jefferson
Wells International. Construction - Fraud, Waste and Abuse
Technical session speaker: John Croy, Director of Construction
Services, Jefferson Wells International.
Institute of Internal Auditors, Phoenix Chapter. Airport Marriott,
1101 North 44th Street, Phoenix, Arizona. For schedules, costs, and
reservations, contact Susan Snow at susan.e.snow@aexp.com by Friday,
September 1.
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September 10, 2006
Debtors feign illnesses to avoid
talking with creditors.
Archive addition: Read the Fraud In Other Words
article for September 1993 by Larry C.
Adams, CPA, CFE, CIA, CISA. The topics are Blow the Whistle, Blow the
Lid Off, Bug Letter, Suck the Mop, Hod, Floorman,
Pitch-getter, Nobble, Floating One, Stringer, Cryptography, French
Roundoff, False Token, Turned Over, Mooch Manna, Long Firm, and Debtor's
Colic. This article on fraud terminology was featured in the Arizona Fraud Line,
the newsletter of the Association of Certified Fraud Examiners, Arizona
Chapter.
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August 29, 2006
Professional Sports Team Accounting
Guest speaker: Craig Bradley, Controller for the Arizona
Diamondbacks.
This is a technical meeting of the
Institute of
Management Accountants, Arizona Valley of the Sun Chapter at 3:30
p.m.. It is followed by a 6:30 p.m. baseball game between the San Diego
Padres and Arizona Diamondbacks. Chase Field in downtown Phoenix, Arizona.
For information and reservations, contact Nick Stefaniak at
nstefaniak@cfgllc.com
or 602-468-9667.
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July 15, 2006
Less than two percent of stolen laptop
computers are ever recovered. Over 600,000 laptops were stolen in 2004.
The estimated loss of proprietary information was US$5.4 billion.
 Read the Fraud In Other Words article for
July 2006 by Larry C. Adams, CPA, CFE, CIA, CISA. The topics are
Ambidexter, Nixie, Warm Card,
Dialed Number Recorder (DNR),
Shock Time, Play Fast and Loose, and Office Creeper. This article on fraud terminology is featured in Fraud
Magazine, the Journal of
the Association of Certified Fraud Examiners.
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July 15, 2006
Clinics have used an illegal
pingponging scheme to claim higher reimbursements from medical insurance
plans.
 Archive
addition: Read the Fraud In Other Words article for
February 1994 by Larry C. Adams,
CPA, CFE, CIA, CISA. The topics are Distractors, Dithering, Fluttered, Link Network
Diagram, Twisting, Pingponging, The Whole Nine Yards, Filthy Lucre,
Get
the Third Degree, CHRI, Biometric Identification, and Mushroom. This
article on fraud terminology was featured in the Arizona Fraud Line,
the newsletter of the Association of Certified Fraud Examiners, Arizona
Chapter.
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July 15, 2006
 Conducting
a mail cover in December and January can identify business colleagues,
social contacts, and family members of a suspected fraudster.
Archive addition: Read the Fraud In Other Words
article for January 1994 by Larry
Adams, CPA, CFE, CIA, CISA. The topics are Mail Cover, Walking Around Money, Virgule, Cutaway,
Weasel Word, CFE, Expert, Upset Price,
Bid Shopping, Corpnership, and
Change Audit. This article on fraud terminologt was featured in the Arizona Fraud Line,
the newsletter of the
Association of Certified Fraud Examiners,
Arizona Chapter.
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July 13 - August 31, 2006, Thursday Evenings
Take an 8-Week Course on Fraud
Examination at the
Keller Graduate School of Management in Phoenix
 AC572 Accounting Fraud Examination
Concepts
Instructor: Larry C. Adams, CPA, CFE, CIA, CISA
This is an 8-week master-level course. The whole class meets on campus
one night each week (Thursday). Before their next class meeting, the
students complete interactive online assignments at home or work. This
course earns 3 college credits or 45 hours of Continuing Professional
Education (CPE).
The text books are "Fraud Examination 2e" by Steve Albrecht, Conan
Albrecht, and Chad Albrecht; and the ACFE's "Fraud Examiners Manual, 2006
US Edition on CD." 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. This is a required course for the
Keller CFE program. Even if you are not pursuing a master degree, you
could take the fraud course as a student-at-large. This is a good course
if you are preparing to take the CFE Exam. For course registration
details, call (602) 870-0117.
AC572 Accounting Fraud Examination Concepts will be offered
July 13 - August 31, 2006, March -
April, 2007, and September - October, 2007. Instructor: Larry C. Adams,
CPA, CFE, CIA, CISA.
AC573 Accounting Fraud Criminology and Ethics will be offered November
- December 2006, and July - August 2007.
Instructor: Larry C. Adams, CPA, CFE, CIA, CISA.
AC574 Forensic Accounting: Ethics and the Legal Environment will be
offered September - October 2006. Instructor: Joyce Barden, CPA.
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July 11, 2006
 Referring
fraud cases for prosecution is an effective deterrent. Only 0.3% of
criminal cases result in acquitting the alleged fraud perpetrators. Only
2.2% of civil lawsuits are decided in favor of the alleged fraud
perpetrators. Download a free PDF file of the 64 page Association of
Certified Fraud Examiners
2006 ACFE Report to the Nation on Occupational Fraud & Abuse or
purchase a printed copy from the ACFE Bookstore.
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July 9 - 14, 2006
17th Annual Fraud
Conference and Exhibition
Join more than 2,000 professionals at the largest
anti-fraud conference in the world. Sponsored by
Association of Certified Fraud Examiners.
The Venetian, Las Vegas, Nevada.
Conference workshop
schedule and registration information.
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More Colleges Offer Fraud Education:
Keller Graduate School of Management of DeVry University
offers a Master of Accounting and Financial Management (MAFM) degree with
a Certified Fraud Examiner emphasis. You can download the course catalog
and view the courses offered in
Phoenix, Northeast Phoenix and Mesa, Arizona for the Sep/Oct 2006
session and Nov/Dec 2006 session.
Current Developments in Accounting: Fraud Examination (ACCT 3900) is
offered at the University of North Carolina at Charlotte, Belk
College of Business. Dr. Robert E. Guinn, CPA is the Associate
Professor.
Forensic Accounting: Principles of Fraud Examination, and Forensic
Accounting: Fraud Prevention and Detection are offered by the
UNNC Office of Continuing Education. Ray Hutton, CA, CFI, CFE, CAMS
is the instructor.
Fraud
Examination (MGMT 594B) - Special Topics in Management is offered at
the University of New Mexico, Robert O. Anderson Schools of
Management (ASM), in Albuquerque, New Mexico. Fall Semester, Tuesday
evenings, August 21 - December 16, 2006. Instructor: Dr. Richard G.
Brody, CFE, CPA.
More fraud courses are offered at other colleges around the world.
Fraud Examination Courses and
Degrees Offered by Universities
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