March 2002

Thursday, March 21, 2002
A joint meeting with the Dallas Chapter of the
at CityPlace Conference Center

Lunch Meeting 12:00pm
Registration begins at 11:30am

SEC Perspective on Fraud
and Business Trends

Presented by Spencer C. Barasch, Associate District Administrator, Forth Worth District Office of the U.S. Securities and Exchange Commission

Spencer C. Barasch has been employed with the United States Securities and Exchange Commission for the past 15 years. Mr. Barasch is currently the Associate District Administrator for the Commission’s Fort Worth District Office, where he heads-up the Commission’s enforcement program in four states - Texas, Oklahoma, Kansas and Arkansas. Previously, Mr. Barasch served as Assistant Director of Enforcement in the Commission’s Regional Office in Miami, Florida and as a Trial Attorney in its Fort Worth Office.

Under Mr. Barasch’s direction, the Fort Worth and Miami offices have filed numerous enforcement actions involving a myriad of securities law violations, including broker-dealer and investment adviser schemes, mutual fund abuses, financial and accounting frauds, stock manipulations, insider trading schemes, and various Internet investment frauds. In a number of cases, Mr. Barasch has been appointed a Special Assistant Attorney or District Attorney to assist in criminal prosecutions.

Before joining the Commission, Mr. Barasch was Associate General Counsel to the Oklahoma Securities Commission. He obtained his B.A. from Duke University and his J.D. from the University of Tulsa.

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Pre-Meeting 10:30am

Digital Evidence in Fraud and Internet Investigations

Presented by Special Agent Mike Morris, Dallas Federal Bureau of Investigation

Special Agent (SA) Michael S. Morris, has been employed by the Federal Bureau of Investigation (FBI) for over thirteen years, the last nine of which have been in the areas of computer intrusions and computer forensics. As the director of the laboratory, SA Morris has oversight of fifteen computer forensic examiners, from local, state and federal law enforcement agencies.

SA Morris has been the case agent on several large multinational computer intrusion and copyright investigations. Due to his knowledge of computer intrusions and computer forensics, he has been featured in the Wall Street Journal, Business Week, numerous local newspapers and has appeared in the Arts and Entertainment documentary on Cyber Terrorism, as well as the Learning channel's documentary "Hidden Secrets of the FBI."

In December 1997, he received a commendation from the Director of the FBI for his training of law enforcement officers in Russia, Hungary, Egypt and Malaysia, in the area of computer intrusions and computer forensics. SA Morris holds a Masters Degree in Accounting Information Systems.

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Post Meeting 1:30pm

Using Technology to Enhance Internal Audit

Edward Glynn and Bert Lacativo of FTI Consulting will discuss the following:

• Fraud detection, technology and methodology
• Utilize all data (not just a sample)
• Data mining client and third party data
• Compare client data (employees, vendors) to outside data (social security, secretary of state, post office)
• Ghost employees, ghost vendors, diverted vendor payments
• Anomaly detection
• Visual data mining and computer-aided analysis
• Duplicate payments, unusual payment timing, unusual payment amounts
• Statistical analysis
• Benford's Law, payments clustering just under authority limits
• Report profiling and ranking
• Concentration of effort and investigative resources on highest risk areas

Edward Glynn is a Manager of FTI's Electronic Evidence and Discovery practice. Mr. Glynn has over eight years of experience in the electronic data discovery, data mining and computer forensics fields and formerly led business information mining services for a Big 5 firm. Among Mr. Glynn's expertise is electronic fraud detection, which involves gathering internal and external data, often from disparate locations, and exploring interrelationships amongst data elements to uncover fraud, anomalies and imperfect transactions. Mr. Glynn is also qualified as an expert in forensic computer science. Mr. Glynn has previously performed multiple information systems reviews involving data analysis and computer and network security tools to ensure proper security, integrity, accuracy, completeness and timeliness of key financial and operational transactions. Mr. Glynn also developed data analysis training courses for consultants and client personnel.

Bert Lacativo, a former FBI Special Agent, is a CPA and CFE with over twenty years of combined financial and investigative experience obtained during his tenure in the corporate, government and consulting arenas. Bert is the Managing Director of FTI’s Dallas, Texas office. Prior to joining FTI, Bert was a senior member of the management team for a Big 5 firm where he was responsible for the conduct of white-collar fraud investigations. Bert has also consulted with clients and internal audit groups regarding the development and implementation of fraud prevention, deterrence and detection techniques and programs. Additionally, Bert has developed and delivered training programs concerning Bribery & Corruption; Effective Interviewing Skills; Fraud & Illegal Acts Risk Assessment and Fraud Awareness.

Visit FTI’s web site at: www.FTIConsulting.com

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All Meetings are at CityPlace Conference Center, 2711 North Haskell at Central Expressway in Dallas.