MR. FORENSIC ACCOUNTING

SLEUTHING CAREERS BRING CPAS PERSONAL AND PROFESSIONAL SATISFACTION
The Fraud Examiners
BY JOSEPH T. WELLS
October 2003

MR. FORENSIC ACCOUNTING

Robert Lindquist is a veteran of at least 2,000 cases in a career spanning three decades. His investigations have taken him to far-flung locations such as China, the Caribbean, Europe, South America and Africa.

Lindquist became an expert the same way many of the field's pioneers did-by learning on the job. He received a fraud assignment early in his career, discovered he had a flair for the work and pursued it as a career path.

In a case that marked a high point in his career as a fraud examiner, the Government of Trinidad hired Lindquist to investigate the business dealings of John H. O'Halloran, a former cabinet minister. But there was one major problem to recovering any ill-gotten gains: O'Halloran who was locally known as "Mr. Ten Percent" for the kickbacks he allegedly demanded in exchange for government contracts, was long dead.

The crafty politician had managed to leave nothing in his name, so there were no assets for the government to repatriate. That didn't stop Lindquist and his team, however. After finding and documenting that O'Halloran had accepted bribes, they went after the companies that had paid them. They sued one American company in a U.S. court and were ultimately successful in recovering $7 million for Trinidad. "This represented the first time a foreign country succeeded in a bribery lawsuit against a U.S. entity in U.S. courts," Lindquist said.

pdf Read Article by Joe Wells titled The Fraud Examiners, dated October 2003 published in the Journal of Accountancy

Note:  Joseph T. Wells is founder and Chairman of the Board of the Association of Certified Fraud Examiniers, the world's largest anti-fraud organization.