Stanford Gets Champagne Defense on Beer Budget

Bloomberg
R. Allen Stanford, the Texas financier accused of leading a $7 billion fraud, will be defended by some of Houston’s most talented lawyers at taxpayer expense.

On the Lookout for Stimulus Fraud

The New York Times
It would not ordinarily go down in the annals of crime. But when Robert Fitzsimmons was arrested this summer and accused of cashing a check made out to his long-dead father at a Pay-O-Matic check cashing store in Manhattan, he became one of the first people in the country accused of stealing some of the $787 billion in federal stimulus money.

Bad Medicine and Out-of-Control Health-Care Fraud
Reader's Digest

Have you heard about the zombie doctors? No, it's not a horror movie, but they're scary all the same. Last year, a Senate report revealed that in the previous seven years, the federal Medicare program had paid as much as $92.8 million for about a half-million claims submitted in the names of doctors who were six feet under.

Fund-Raiser Charged in $290 Million Fraud

Reuters
Hassan Nemazee, a fund-raiser for Barack Obama, Hillary Clinton and other Democrats, has been indicted for defrauding Bank of America, HSBC and Citigroup Inc out of more than $290 million in loan proceeds, U.S. prosecutors said on Monday.

Feds Get Tough on White-collar Crime

The Epoch Times
Rob Nicholson, justice minister and attorney general of Canada, announced on Sept. 15 that the federal government will introduce tougher legislation against financial fraudsters and other white-collar criminals.

Lacroix Pleads Guilty to Fraud

CBC News
Former Norbourg CEO Vincent Lacroix has pleaded guilty in Quebec Superior Court to more than 200 fraud charges. Lacroix was set to stand trial along with five former associates. But on Monday morning, he said in court that he wanted to change his plea to guilty.

TWO LOCATIONS!

CFE Exam Review Course

September 28 - October 1, Washington, D.C.

November 2-5, Austin, TX

Don't miss the CFE Exam Review Course, held in two locations: Washington, D.C. (Sept. 28- Oct. 1) and Austin, Texas (Nov. 2-5). This intensive course provides expert guidance to help you pass the CFE Exam and become a Certified Fraud Examiner. Click to learn more.

This edition's featured jobs:

Director of Fraud Investigations
Jacksonville, FL, United States

Fortune 500 company seeks experienced investigations professional who will lead a team of investigators in planning and execution of investigations of acts of fraud, violations of company policy, and acts of a criminal nature that involve the operations of CSX. Works under limited supervision with moderate latitude for initiative and independent judgment.

Restructuring Executive
Chicago, IL, United States

One of the nation’s top 10 accounting and consulting firms is currently seeking a Restructuring Executive for its Chicago office due to growth. The firm primarily works on the debtor side, with an occasional secured creditor engagement. Chosen candidate will receive excellent compensation, benefits, opportunities for advancement to Partner, and work/life balance in addition to alternative career paths in financial advisory services should restructuring/turnaround “burn out” occur during the selected candidate’s tenure with the firm.

Visit the ACFE Career Center to view the latest jobs.

Employers:
Manage your online recruiting efforts with the ACFE Job Board. Reach targeted and qualified candidates who specialize in fraud prevention, detection and deterrence all over the world.

Job postings and résumé searches are FREE for ACFE members.

Visit the ACFE Job Board to post your available jobs today.

NEW ONLINE SELF-STUDY!

Foundations of Mortgage Fraud

This new ACFE online self-study course presents a brief history of the mortgage industry and then examines the mortgage fraud process step by step, identifying areas vulnerable to fraud. It also includes a detailed look at the most common and pervasive fraud schemes affecting the mortgage industry today.

You will learn:

• Legislation and regulation of the mortgage industry
• The perpetrators of mortgage fraud
• Mortgage fraud schemes including property flipping, identity theft and deceptive short sales
• And more

Visit the ACFE Bookstore to learn more.

Upcoming Events

Financial Institution Fraud

October 5-6, 2009

Houston, TX

Legal Elements of Fraud Examinations/ Interview Techniques for Auditors

October 21-23, 2009

New York, NY

Financial Statement Fraud

October 26-27, 2009

Seattle, WA

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Financial Crimes Symposium

Webcast series highlights best practices and emerging trends for using predictive analytics to detect and prevent increasingly sophisticated financial crimes.   Click here to learn more.

Communicate directly with anti-fraud professionals when you sponsor an issue of the FraudInfo e-newsletter. Send an e-mail to Ross Pry at rpry@ACFE.com.

About the ACFE:

The Association of Certified Fraud Examiners is the world's largest anti-fraud organization and premier provider of anti-fraud training and education. Together with nearly 50,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession. Visit www.acfe.com for more details.