Supreme Court Weighs Validity of Anti-Fraud Law

The New York Times/ Associated Press
The Supreme Court cast doubt Monday on the validity of part of the anti-fraud law enacted in response to Enron and other corporate scandals early this decade. The court heard arguments in a case over the composition of the board that was created to tighten oversight of internal controls and outside auditors following accounting scandals at Enron Corp., WorldCom Inc., Tyco International Ltd. and other corporations.

Mystery Surrounds Earlier Galleon Inquiry

The New York Times
By 2002, investigators across the United States appeared to be closing in on Raj Rajaratnam, a wealthy hedge fund executive, for insider trading.

Tom Petters Found Guilty of Ponzi Scheme Fraud

Reuters
A federal jury found Minnesota businessman Tom Petters guilty of orchestrating a $3.65 billion Ponzi scheme. The 52-year-old founder of Petters Group Worldwide Inc. was convicted Dec. 2 on all 20 counts he faced, including wire fraud, mail fraud and money laundering.

In Fallout of Fraud Sting, IRS Joins Hunt

The Star-Ledger
It was only a matter of time before the IRS began looking at the master informant behind a massive money laundering and corruption sting that led to the arrests of dozens of elected officials, rabbis and political operatives in July.

Former Top Liberal in Quebec Gets 15 Months for Fraud

Canwest News Service
Benoit Corbeil was sent to jail Friday after being handed a stiff sentence for defrauding the Liberal Party of Canada's Quebec wing he once ran.

Store Owner Admits Lottery Fraud

Calgary Sun
A Toronto convenience store owner admitted he bilked four lottery winners out of a $5.75 million jackpot by claiming their Lotto 6/49 ticket as his own.

UPCOMING WEBINAR

AML/OFAC Risk Assessment - The Cornerstone of an Effective Compliance Shop

December 17, 2009 at 2 p.m. EST

Risk assessments are the backbone of any well-built Anti-Money Laundering and Office of Foreign Assets Control compliance program. This webinar will help you understand the criticality of assessments in the current fraud-ridden environment, the increased importance of risk assessments being advocated by government regulators, and industry best practices for conducting an assessment. Learn more.

Anti-Fraud Educators, IFP Seek Survey Participants

In conjunction with the Institute for Fraud Prevention, Dr. Richard Hurley and Dr. Terri Albert are conducting a survey to identify opportunities for improvement in the field of anti-fraud education. Click here to share your input and help shape the future of anti-fraud education at our national colleges and universities.

This edition's featured jobs:

Full-Time Paralegal
Washington, D.C., United States

A full-time paralegal is needed to join the Financial Crisis Inquiry Commission. The FCIC is a bipartisan commission created by Congress to investigate the causes of the financial crisis. The commission is required to issue a report of its findings to Congress and the President by December 15, 2010. As a paralegal on the FCIC, you would assist a team of attorneys and investigators with document management and review, witness interview preparation, exhibits, research, preparation for hearings and meetings, and other administrative and support functions. 

Senior Accountant
Philadelphia, PA, United States

Join a firm comprised of a group of professionals who are team oriented and who pride themselves on providing quality work product and maintaining a high professional standard. The senior accountant will assume responsibility for supervising engagements and special assignments in the areas of bankruptcy reorganization, accounting support of bankruptcy trustees, forensic investigations, and litigation support. He or she will also be expected to keep the partners and managers informed of all important developments on engagements, analyze problems, and recommend solutions as well as assign and monitor staff assignments.

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.

Our Gift to You

We’re celebrating the success of the ACFE's new online self-study courses. For a limited time, save 20% on all ACFE Online CPE Courses. To take advantage of this savings, purchase any ACFE Online Self-Study CPE Course by December 31, 2009. Enter discount code celebrate during checkout and the 20% savings will be applied.

For more details, visit www.ACFE.com/Celebrate

Upcoming Events

Fraud Prevention/Mortgage Fraud

December 14-16, 2009

Las Vegas, NV

Conducting Internal Investigations

January 28-29, 2010

Dallas, TX

Money Laundering: Tracing Illicit Funds

February 2-5, 2010

Charlotte, NC

Sponsors:

A New Text for Your Forensic Accounting Course

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This new textbook arms your students with the information they need in today’s current climate. It presents comprehensive coverage of fraud detection and deterrence, incorporating the most current information in the field.

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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.