• The Fraud Museum

     

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    The early pioneers of fraud set the stage for money laundering, forgery, false accounting and investment scams. So how did the frauds of yesterday morph into the sophisticated frauds of today? Take a walk through time to find out.

    The ACFE Fraud Museum brings historic frauds to life, from the most famous to the most obscure. From highly recognizable documents like Enron, WorldCom, and Adelphia stock certificates, to unique finds like a check signed by legendary inside trader Ivan Boesky and the charter of the Merchants Vigilance Association founded in 1846, the ACFE Fraud Museum offers something for everyone. For example:

    fraud-museum-yazoo-land.jpgYazoo Land Fraud 

    One of the most unique pieces in the collection illustrates the Yazoo Land Fraud. In 1794, four companies were formed to bribe the Georgia Assembly so it would sell them 20 million acres of land for the sum of $500,000, less than three cents per acre. The sale created a public outcry and was rescinded in 1796.


     

    Check Signed by Ivan Boesky, April 1975 

    fraud-museum-ivan-boesky-check.jpgIn the late 1980’s, Ivan Boesky’s name became synonymous with insider trading on Wall Street. After being caught, Boesky informed on his fellow traders, including Michael Milken, and received a three-and-a-half year prison sentence and a fine of $100 million.


    fraud-museum-worldcom-stock-certificate.jpgWorldCom, Inc. Stock Certificate, 2002 

    WorldCom, Inc., headquartered in Clinton, Mississippi, fell victim to an $11 billion accounting scandal that resulted in the company filing bankruptcy in 2002 — the largest bankruptcy in U.S. history at the time.


     

     

     

    While the ACFE Fraud Museum is usually open for tours, the museum is currently closed due to construction. Once we have re-opened you are welcome to stop by for a tour.

    The Gregor Building - Map
    716 West Avenue
    Austin, Texas 78701 • USA

    (800) 245-3321 / +1 (512) 478-9000
    Fax: +1 (512) 478-9297
    E-mail: FraudMuseum@ACFE.com 



    Brush Up on Your Fraud History 

     
    fraud-museum-frankensteins.jpgFrankensteins of Fraud
    Understanding the frauds of yesterday will help you fight the frauds of today. Match wits with history’s most heinous fraudsters and find out how the past impacts the future. In Frankensteins of Fraud, Joseph Wells, CFE, CPA, introduces you to ten criminals who represent the worst monsters of twentieth century capitalism.

    Order your copy today!