Former FBI director Louis Freeh addressed the ever-growing problem of financial fraud in a speech  before the Association of Certified Fraud Examiners at the ACFE's annual conference in San Antonio, Texas, on Monday, pointing out that some of the original FBI members were accountants.

Freeh worked at one time in the same office as ACFE founder Dr. Joseph Wells and noted that Certified Fraud Examiners continue to play a key role in FBI investigations. “In all of the matters that Joe mentioned, I had CFE members accompanying me and involved very, very heavily in investigations,” he said. “What's critical about your organization and your reputation is the interaction and the interconnectivity that you bring between the government and the private anti-fraud community and establishment. That did not exist for many years. For most of the history of my great organization, the FBI, the interaction—not just with our state and local counterparts, but with private industry—was very meager. As a result, a lot of great results and a lot of great achievements were not able to take place.”

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