Overview:"It can't happen to me." For 30 years, Paul Allen had an impeccable reputation in the financial industry at Freddie Mac and Fannie Mae. He held positions such as a bank CFO and CEO of Taylor Bean & Whitaker Mortgage Corp. Then Paul conspired to commit a $2.7 billion fraud. After almost 3 years in prison, he will share his story in hopes of protecting you from the slippery slope.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions either during or after the event.
Major Subjects:Paul Allen will lead you step-by-step through the culture that no one thinks will happen to them, but resulted in Paul, a PhD, going to prison.
Some of the topics include:
- How the fraud at Taylor Bean began
- The culture at Taylor Bean
- How he became part of the fraud
- The internal control failures
- What he could have done to prevent the fraud
- How the fraud collapsed
- What the Taylor Bean fraud has in common with other frauds
- How CEOs are at risk - even if they are on the periphery of fraud
- Lawsuits against his outside auditor
Objective:You will learn how a really smart, principled and ethical person slides slowly and unwittingly down the slippery slope until it is too late. But more importantly, you will learn simple steps to protect yourself from letting your guard down.
Designed For:CEOs, CPAs, bankers, internal auditors, regulators, controllers, CFOs, attorneys
Vendor:CPA Crossings, LLC
Member/Nonmember Fees:79 / 79
CPE:Business Management & Organization 2 hour(s)
Yellow Book Credit:N
Gary D Zeune, CPA, CFE
Pros & The Cons LLC, The
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