CEO to Tell Story of $1.7 Billion Scandal at November Programme
AUSTIN, Texas, U.S.A. (1 October 2014)—Three years ago, Michael Woodford ignited a firestorm at Olympus Corp. when he exposed one of the Asia-Pacific region’s largest financial scandals.
After Woodford demanded answers to financial discrepancies at Olympus, the Japanese company’s first Western-born CEO was quickly fired for what the board of directors called a “management culture clash.” Just a month later, however, Olympus officials publicly admitted to the U.S. FBI and UK Serious Fraud Office to
having paid fraudulent advisory fees in a decade-long cover-up valuing $1.7 billion.
Woodford will tell his story and reflect on the current state of corruption and fraud in business in his keynote address at the 2014
ACFE Asia-Pacific Fraud Conference, 16-18 November 2014 in Hong Kong. Hundreds of anti-fraud professionals will gather at the InterContinental Hong Kong for the region’s largest training and networking event of its kind.
Presented by leading fraud experts, conference sessions will focus on issues such as bribery and corruption, data analytics, international investigations, legal concerns in China and industry best practices.
Other featured speakers at the conference include:
David Barboza, New York Times correspondent: Based in Shanghai, Barboza was awarded the Pulitzer Prize for International Reporting “for his striking exposure of corruption at high levels of the Chinese government, including billions in secret wealth owned by relatives of
the prime minister, well documented work published in the face of heavy pressure from the Chinese officials.”
Albert Hui, principal consultant for Security Ronin: The Hong Kong-based expert on high-sensitivity mission-critical systems security has spoken at Black Hat, Economist Corporate Network and HTCIA AP, among other professional conferences, and he co-designed the original digital forensics curriculum for the Hong Kong
D. Bruce Dorris, ACFE vice president and program director: As former assistant district attorney for the Caddo Parish District Attorney's Office in Shreveport, Louisiana, Dorris created and was the director of its financial crimes screening section. He is an advisory member of the ACFE Board of
Regents, and is licensed to practice law as well as a licensed CPA with experience in business valuation and litigation support.
Paul Chung, deputy head of the financial investigations division of narcotics bureau, Hong Kong Police: Chung is a 15-year anti-money laundering expert and has experience in handling complex fraud investigations.
For more information and to see the conference agenda, visit