In 2023, Christopher Linscott, CFE, CPA, CIRA, arranged a donation of $250,000 to the ACFE Foundation — the single largest donation to the foundation ever. Here’s the story of how a Ponzi scheme that bilked thousands of military veterans and retirees became the impetus for that donation.
“What made sense to me in this case since it was derived out of a Ponzi scheme was to make the ACFE Foundation a beneficiary,” Linscott tells Fraud Magazine. “Maybe we can help prevent or limit these frauds in the future by using that money for education.”
Linscott sat down for an interview with Fraud Magazine shortly after the donation was made to discuss the formation of the Claims AF Irrevocable Trust (the “AF” stands for anti-fraud) and the massive fraud that inspired the trust’s impressive donation.
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