Finding Buried Treasure in your Licensed Intellectual Property - LES 01/06/09
Bill Douglas, president of Cost Advisors, will discuss how a royalty audit can add to your bottom line at the Licensing Executives Society meeting on February 4, 2009. Join him from 5 PM at the offices of Davis Wright Tremaine in downtown Portland. Click here to register (deadline is February 2, 2009).
Fraud vs. SOX Presentation - IMA 12/31/08
Join Cost Advisors' Bill Douglas and Molly Remington at the Portland Chapter of the Institute of Management Accountants' January Dinner Meeting to discuss the relationship between fraud and SOX. The event will kick off in Beaverton at 5:30 PM on January 20, 2009. Click here to register (deadline is January 16, 2009).
Fraud vs. SOX Presentation - OACFE 12/30/08
The Oregon Chapter of the Association of Certified Fraud Examiners' January Lunch Meeting will feature Bill Douglas of Cost Advisors. Join Bill on January 8, 2009 from 11:30 AM at 220 NW 2nd Avenue in Portland to discuss how corporate fraud prompted the Sarbanes-Oxley Act and how the Act in turn affected internal controls. Click here to register (deadline is January 5, 2009).
ACFE's 2008 Report to the Nation 12/19/08
The Association of Certified Fraud Examiners' 2008 Report to the Nation is available to download on our website. The report "sheds light on occupational fraud and abuse while offering stark lessons and valuable insights about its prevention and detection". Click here to download
Fraud detected more often at bankrupt companies - Reuters 11/24/08
NEW YORK (Reuters) - Bankrupt companies are three times more likely to have been cited for fraud by U.S. regulators, according to a study released on Monday.
The study from Deloitte Financial Advisory Services LLP also showed that fraud incidents were much more likely to land a company in bankruptcy court. Read more
Livent Fraud Trial Closes - Toronto Star 11/04/08
Lawyers for Garth Drabinsky and Myron Gottlieb have ended months of speculation by announcing they will not call any evidence in the theatre producers' long-running fraud trail.
As the curtain fell on Act I yesterday with prosecutor Robert Hubbard closing the Crown's case, no dramatic Act II was called. The accused will not testify. Read more
Former Employee at Strongsville Company Charged with Stealing Money - Sun Star 10/28/08
A former employee at a Strongsville company has been charged with theft for allegedly stealing more than $55,000 from the firm.
Thomas Manning was charged after the owner of AknoNobel Company, 15885 Sprague Road, noticed in June that there were extensive purchases on the company's credit card. Read more
Employee Accused Of Stealing From Bank - The Pasco Tribune 10/24/08
NEW PORT RICHEY - A 28-year-old former bank employee was arrested by Pasco County sheriff's detectives Thursday, accused of bilking the bank out of nearly $68,000.
Lynn Ciancio, who most recently lived in Jamestown, N.Y., was arrested at a home in New Port Richey on charges of scheme to defraud and grand theft. Read more
F.B.I. Struggles to Handle Financial Fraud Cases - New York Times 10/18/08
WASHINGTON — The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country’s economic crisis, according to current and former bureau officials.
The bureau slashed its criminal investigative work force to expand its national security role after the Sept. 11 attacks, shifting more than 1,800 agents, or nearly one-third of all agents in criminal programs, to terrorism and intelligence duties. Current and former officials say the cutbacks have left the bureau seriously exposed in investigating areas like white-collar crime, which has taken on urgent importance in recent weeks because of the nation’s economic woes. Read more