CLE: All the Queen's Horses - The $53 Million Question: Who's Responsible for Finding Fraud?
On Feb. 14, 2013, Rita Crundwell, former comptroller for the city of Dixon, Ill., was sentenced to 19 and a half years in prison for stealing more than $53 million from the city. Crundwell’s crime went on record as the largest municipal fraud in U.S. history. Just as shocking as the amount stolen from this small Illinois town was the fact that Crundwell engaged in her scheme to pillage Dixon for 20 years before being discovered. Crundwell's fraud once again focused an unflattering spotlight on the accounting profession and the role of the audit. The relevance of the audit has been in question since the uncovering of massive corporate frauds dating back to Worldcom and Enron. Subsequent to Crundwell's conviction, the city of Dixon sued its auditors, accountants and bank, settling their claim against them for $40 million.
Join us in Chicago on Sept. 18, 2018 (6 – 8:15 p.m.) for a special screening of the award-winning film that explores how Crundwell was able to pull off this crime and how the auditors missed it. Following the screening, there will be a lively panel discussion featuring: Devon Bruce, Powers, Rogers & Smith; Jason Wojdylo, U.S. Marshals Service; and Kelly Richmond Pope, Helios Digital Learning.
The program is co-sponsored by the Illinois State Bar Association and Helios Digital Learning. It qualifies for 1.50 hours MCLE credit, including 1.50 hours Professional Responsibility MCLE credit (subject to approval).