Course ID: CEOPaul1

Ex-Bank CEO Ex-Con Paul Allen Shares His Downfall and Prison

“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.


LEARNING OBJECTIVES
  • After completing Paul’s course, 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.

MAJOR TOPICS

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


DESIGNED FOR
CEOs, CPAs, bankers, internal auditors, regulators, controllers, CFOs, attorneys

FIELD OF STUDY
Accounting

PREREQUISITES
None

COURSE PRODUCER
The Pros & The Cons

CPE CREDITS
4.0

LEVEL
Advanced

This course is available for your group as:

Group Live Webcast
 

Let's Roll!

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Or, contact BLI: 888-481-3500 or learn@blionline.org