Mad About Madoff? Teach a Student

By Richard Hurley

Fraud EDge 

When will we learn that there will always be someone who will want to swindle our money? Perhaps the only real difference between charges against Bernard Madoff and against others in the past is the amount stolen: $50 billion allegedly lost in a giant Ponzi scheme at Madoff's investment securities firm.

The investors easily could have been featured on the 1980s' TV show "Lifestyles of the Rich and Famous," and now they're victims in federal cases. With so many individuals and firms being duped, it's natural to assume there's more to be done in the fight to inform the public and investors about the causes, reasons, and circumstances of fraud.

For years, the ACFE's Higher Education Initiative has offered free resources to hundreds of educators who desire to impart anti-fraud knowledge to students. Now the American Accounting Association (AAA) has joined the cause.

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