10th Annual Fraud Summit Draws Record Crowd, Top Speakers
and Major Scholarship Donors

10th Annual Fraud Summit Draws Record Crowd, Top Speakers  and Major Scholarship Donors

(Left to right) Mark Salamasick, Center for Internal Auditing Excellence director, with student teaching assistants Jae Park, Esther Bayazitoglu, Linh Mai, Alex Michael, Samantha Nguyen, and Gabe Cook — all scholarship recipients, and Chris Linsteadt, Center for Internal Auditing Excellence director associate director

More than 700 internal auditors, fraud examiners and information technology professionals attended the 10th annual Fraud Summit hosted by the Naveen Jindal School of Management March 26 and 27. The 2015 summit, held on The University of Texas at Dallas campus, was the largest in the event’s history. Hot-button topics covered cyber-security fraud, an analysis of how fraud is planned, executed, covered up and detected, and ethics and fraud case studies.

James  D. Ratley

James D. Ratley

Keynote speakers were Jindal School alumnus James D. Ratley, BS 1985, president and CEO of the Austin, Texas-based Association of Certified Fraud Examiners, who spoke about the mind of a “fraudster,” and Stephen Minder, CEO of YCN Group, who discussed the 1990s price-fixing scandal that inspired the Matt Damon movie, The Informant!

An endowed scholarship, named in honor of Ratley, was presented. The Jindal School Center for Internal Auditing Excellence will award the scholarship annually to a student pursuing forensic accounting. JSOM’s graduate-level internal audit program is the largest worldwide and one of only three in the U.S. endorsed by the Institute of Internal Auditors as a Center for Internal Auditing Excellence, the highest designation of the IIA.

Since 2007, the annual summit, which is the major source of fundraising for JSOM’s internal auditing program, has helped provide $254,500 in student assistance. Those funds have been awarded in 144 scholarships given to 115 students.

Ratley was a Dallas police officer for more than a decade before joining Wells & Associates, a forensic accounting practice, where he was in charge of fraud investigations. He was named a Top 100 Most Influential People in Accounting by Accounting Today in 2012, 2013 and 2014 for his work with the Association of Certified Fraud Examiners.

Minder, the former chief audit executive at Archer Daniels Midland, provided insight to the lysine price-fixing scandal that involved ADM officials, and speak about the culture that allows large-scale fraud to go undetected.