NEWS10 Special Report: Financial forensics - NEWS10 ABC: Albany, New York News, Weather, Sports

NEWS10 Special Report: Financial forensics


ALBANY, N.Y. -- In an era embroiled in embezzlement, corporate greed, and financial scandal, everyone is a potential victim.

Financial experts say that with greed taking over corporate America and financial corruption running rampant, “following the money” is becoming more important than ever.

White collar crimes can squeeze billions of dollars from victims, but thanks to the growing field of forensic accounting, people responsible for these crimes are being caught red handed.

“It's a problem that permeates every type of organization today. This university included, government not for profits, corps,” said Ingrid Fisher, Head of UAlbany’s Accounting Department.

Fisher saw the need for an accounting program unlike any other, which led her to spear head one of the first forensic accounting programs in the state.

“We uncover a hard drives, we find deleted files, hidden files, anything that would provide evidence in the case,” said Rubin Gottlieb, a UAlbany student.

Students like Gottlieb are learning digital detection, following money through automated account systems, collecting evidence, all in hopes of one day putting real white collar criminals behind bars.

FBI special agent Mark Terra oversees the white collar crime squad in Albany. He said qualified candidates like Rubin are needed, as financial fraud becomes more prevalent.

“Sad, commentary for society that this is as big as it is,” said Fisher.

“The possibility of future fraud seems endless,” said Gottlieb.

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