Faculty Recognition: Rich Brody
October 24, 2017 - Alex Solt
Most people, when asked if they think accounting is exciting and possibly dangerous, would answer with a flat “No way.”
Dr. Rich Brody, Anderson School of Management’s Douglas Minge Brown Professor of Accounting and Daniels Fund Business Ethics Fellow, knows better. His field of study is forensic accounting, auditing, and corporate governance, and he has any number of stories that would fascinate a true-crime fan.
There’s the Girl Scout troop leader who used her Scouts’ identities to create false medical bills and income tax returns, bilking the government out of almost $100,000 before getting caught. Or the embezzler who had two of his employees murdered because they were about to inform federal authorities about his crimes (when white-collar crime becomes violent, it is known as red-collar crime). Or the executive at the center of a securities fraud scandal who, out of extreme desperation, murdered his wife, son, and daughter before burning his house down and shooting himself in the head.
Dr. Brody encounters all these real-life case studies in his work, not only as a researcher, but also as a Certified Fraud Examiner and Forensic Certified Public Accountant whose expertise has led to consultancies with the U.S. Secret Service, the U.S. Department of Justice, the New Mexico Attorney General, and the Second Judicial District Attorney’s Office in New Mexico. He has also made several television appearances as a fraud expert.
Every year, Dr. Brody gives several presentations on forensic accounting and examination. This year, he is presenting the opening talk Scared Straight: White Collar Crime and Beyond at The National Association of State Boards of Accountancy (NASBA) annual meeting in New York City at the end of October. He also brings in several guest speakers who have proved to be invaluable sources of information for both the population of UNM and the public. Given the proliferation of financial fraud, what Dr. Brody knows just might save your life!