A team from Monroe High School once again topped the field at the annual Lakeland University Forensic Accounting Competition.
This is the third time in seven years that Monroe has won the top spot at the event, which annually welcomes high schools from around the state to analyze and find solutions for well-publicized financial-based fraud cases. This year’s field included 19 teams and more than 100 students.
Monroe High School’s two teams took home first and second place, while Big Foot High School finished third and Oconomowoc High finished fourth.
This year’s case was about a bank heist in Bangladesh that was carried out by a group of hackers. The hackers strategically stole $81 million from Bangladesh Bank’s account at the New York Fed using fraudulent orders.
In addition to the competition, the day included four breakout sessions for the students to attend. Lakeland graduate Adrianna Coopman from Becker Professional Education had a breakout session about the CPA exam basics. The Internal Revenue Service had two agents discuss fraud investigations. The Federal Bureau of Investigation discussed forensic accounting. Janae Samson from FIS talked about her role as a lead product line manager in the FIS Financial Risk Management solutions group.
Five Lakeland students organized the competition: Jacob Barthels, Jared Nummerdor, Andrew L'Empereur, Ethan Richmond and Curtiss Dokey.
Becker Professional Education sponsors the competition, which is held during Lakeland’s spring break. Judges for the event included representatives from Johnsonville, Kohler Co., Skana Aluminum, Dick Brantmeier Ford, Acuity and Cedar Grove Warehousing.