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Former White-Collar Criminal to Provide Fraud-Risk Advice
Mark Morze to Deliver Woltemade Center’s Annual Heisler Lecture at Ohio Wesleyan

March 11, 2009

Mark Morze
Photo courtesy of Mark Morze
DELAWARE, OHIO – “Traditional fraud-detection methods are not working,” cautions Mark Morze, a convicted white-collar criminal. “Most fraud is discovered through a fluke or from a ‘whistleblower’ contacting authorities. People need to ask rudimentary questions and also to double-check information.”

Morze will present “Recent Major Frauds and Business Oversight” at 7:30 p.m. March 31 in the Benes Rooms of Ohio Wesleyan’s Hamilton-Williams Campus Center, 40 Rowland Ave. His presentation—this year’s Heisler Business Ethics Lecture—is free and open to the public. The event also will be streamed live online at stream.owu.edu.

Morze spent more than four years in federal prison after it was determined that he falsified records, creating a non-existent $43 million in revenue for ZZZZ Best Carpet Cleaning Co. Inc. While serving as chief financial officer for the company in the late 1980s, Morze created more than 10,000 phony documents—fooling his controller, auditors, banks, and law firm.

He specializes in speaking about topics including white-collar fraud detection, capital formation, business ethics, and compliance with federal liability laws. He has consulted for the FBI Academy at Quantico, Va., and is a fraud-detection consultant for accounting and law associations, including the National Associations of Credit Managers, National Association of Certified Fraud Examiners, and numerous chapters of Certified Internal Auditors. He holds bachelor’s and master’s degrees in history from the University of California, Los Angeles.

“The financial market today has great risks. Americans need to start researching where and how their money is being invested,” Morze said. “Hundreds of thousands of Americans are invested in hedge funds, and they don’t even realize it because they have turned over their money to money managers who have then invested in hedge funds.”

Ohio Wesleyan’s Heisler Business Ethics Lecture is sponsored by the university’s Woltemade Center for Economics, Business and Entrepreneurship. The annual lecture is funded by the Heisler Family Endowment for the Study of Ethics, in honor of Ohio Wesleyan graduates James Heisler ’38, Robert Heisler ’42, and Bruce Heisler ’49.

Ohio Wesleyan University is an undergraduate liberal arts college that transforms the lives of its students through a combination of rigorous academics, mentoring relationships, and real-world experiences. Featured in the book “Colleges That Change Lives,” the private university’s 1,850 students come from 47 states and 50 countries. Visit www.owu.edu for more information.