ACFE Foundation awards scholarships in 23rd year of Ritchie-Jennings Memorial Scholarship Program

The ACFE Foundation has awarded $52,500 to college and university students through the Ritchie-Jennings Memorial Scholarship Program for the 2017-2018 school year. Each recipient also will receive a one-year ACFE student membership.

The ACFE Foundation, a nonprofit entity, raises funds to support the scholarship program for the education of students worldwide who have an interest in pursuing a career in fraud examination or similar fields. Candidates must be enrolled in accounting, business administration, finance or criminal justice higher-education programs. ACFE chapters and ACFE members also help underwrite the scholarships with donations. Also, royalties from books written by ACFE founder and Chairman Dr. Joseph T. Wells, CFE, CPA, help fund the scholarships.

The ACFE Foundation is managed by a board of directors that includes: Frank Abel, CFE, CFF, CPA, chairman (who’s also chairman of the ACFE Scholarship Committee); Vice President and General Counsel John Warren, J.D., CFE, secretary; ACFE Chief Financial Officer Marianne Fatter, CFE, CPA, treasurer; and Vice President and Chief Operating Officer Jeanette LeVie, CFE, assistant treasurer.

The ACFE Scholarship Committee reviews scholarship applications and recommends recipients to the ACFE Foundation Board of Directors.

“We’ve received impressive applications from budding fraud examiners from around the world,” says Abel. “I welcome them to our family of fraud fighters. We hope these scholarships will help encourage them as they begin their careers.

“I would like to express my sincere thanks to my fellow scholarship committee members for their persistent efforts — Sharad Kumar, CFE; Ryan Schwoebel, CFE; Paul Soos, CFE; and Jesse Weideman, CFE, CMA, CPA. Each of them provided sincere and honest considerations of each applicant’s potential as a scholarship participant.

“Our great thanks go to Joshua Amell, CFE, the scholarship committee liaison with the ACFE,” says Abel. “His organizational skills made the scholarship decision process seamless.”

Vice President and Program Director Bruce Dorris, J.D., CFE, CPA, CVA, says that the ACFE Foundation is grateful to the members who contribute to the scholarship program. “Our profession can’t survive unless we support the education of our future fraud examiners,” he says. “We’re not automatically self-perpetuating. Experienced CFEs have to support the new generation of anti-fraud professionals.”

The ACFE’s Board of Regents voted to name the scholarship program the Ritchie-Jennings Memorial Scholarships in 1998. Tracy Ritchie, CFE, and Larry Jennings, CFE, CPA, were killed Nov. 12, 1997, in Karachi, Pakistan, when terrorists fired on their vehicle during a business trip.

For more information about the Ritchie-Jennings Memorial Scholarship Program and applying for the 2018-2019 academic year, visit


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