In Memoriam

Ileana Colón Carlo, CFE, CPA, CVA

Ileana Colón Carlo, a member of the ACFE Board of Regents from 1995 through 1996, and  comptroller of Puerto Rico from 1987 to 1997, died March 19 at age 69.

“Ileana was very serious about fighting fraud and corruption in Puerto Rico,” said Dr. Joseph T. Wells, CFE, CPA, founder and Chairman of the ACFE. “She invited [former ACFE president] Jim Ratley and me to speak to more than 200 public officials about fraud prevention and deterrence. Because we were much smaller at the time, that was the ACFE’s introduction to our Spanish-speaking members.”

Early in her career, Colón Carlo had been a tax partner with Arthur Anderson & Co. After her time as Puerto Rico’s comptroller, she was a professor in the Central University of Bayamon Business Administration Master’s Degree Program. She was then chief administrative and financial officer for the law firm, McConnell Valdés; board member of RG Premier Bank, RG Financial and RG Investments; board member of Carolos Albizu University; member of the Commission of Independent Citizens to Evaluate Government Transactions; and opinion columnist at El Nuevo Día newspaper.

According to El Nuevo Día, Colón Carlo was “one of the most respected voices in Puerto Rico against the public corruption virus.” (See Ileana Colón Carlo excontralora dies,, March 19.

“She was a tireless defender of the right, serving her country with an unblemished career in public service,” said ex-Puerto Rico Governor Alejandro García Padilla in the El Nuevo Día article.

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