Fraud

Forensic accounting has been around for decades, but only in the last 10 years have people become aware of the profession on a wide scale. In this article, originally appearing in the Wisconsin Law Journal, IAAR expert speaker Tracy L. Coenen gives her best practices to tracing frauds. Download now...

At least one lawmaker seems to want the Securities and Exchange Commission to become irrelevant. The regulator has had its problems. But a Republican bid to reshape it seems meant to hinder, not help. There’s room for improvement, but with its duties growing, the watchdog needs more staff, more money and a buffer against Congress. The New York Times, Thursday, August 4, 2011

A Manhattan federal judge has frozen the assets of three Swiss asset managers accused of illegally profiting from trades made ahead of the $1.2 billion sale of Arch Chemicals to the Lonza Group, the Securities and Exchange Commission announced on Monday. The S.E.C.

What does a declassified British security service's report have to do with the South African government's utter lack of political will to pursue corruption proceeds? Many onlookers are saying it is indicative of an endemic problem experienced by those who try to recover assets on behalf of the country. Meanwhile, billions of dollars in potential restitution hang in the balance.

Investigating corruption? Get ready to be investigated yourself.

Switzerland has blocked Syrian assets worth 27 million Swiss francs ($32 million), Swiss news agency SDA reported on Sunday, citing a Swiss newspaper report that the Swiss Secretariat for Economics (SECO) confirmed. The news agency said SECO declined to comment on whether the assets of President Bashar al-Assad had been frozen. Reuters, Sunday, July 3, 2011

HSBC asked a judge to dismiss a $9 billion lawsuit by the trustee liquidating Bernard Madoff’s firm, saying he isn’t allowed by law to bring such cases on behalf of the confidence man’s former customers. Irving Picard, the trustee, sued HSBC and a dozen so-called feeder funds for $9 billion in December, accusing them of aiding Madoff’s fraud. Bloomberg, Friday, June 24, 2011