Saturday, August 29, 2009
"Corporate conspiracy theorists, whistle-blowers and suspicious financial minds long have struggled to get an audience for accusations of business fraud. ... 'We're suddenly on Broadway, on the tip of everyone's tongue,' said Lewis Freeman, who has a forensic-accounting firm in Miami. 'Before it was off-Broadway, or even in Boston.' ... The group, the Association of Certified Fraud Examiners [ACFE], said it has 47,000 members, up more than 25% in the past few years. ... Thomas Gaber ... said he also has taken on health-care fraud, sometimes working with the [FBI] and [DOJ]. The FBI and [DOJ] didn't comment. ... Most fraud examiners share a suspicion that criminal activity is rampant within companies, and regulators are incapable of stopping it", Gregory Zuckerman at the WSJ, 8 August 2009, link: http://online.wsj.com/article/SB124968993676315921.html.
The ACFE organization always left me cold. Why? It's members seem to be dedicated to ferreting out frauds against companies, not by companies against the public. Which is not surprising. Who will pay them by the hour to find frauds against the public?