| Show Grant Calder to research investment fraud in Utah Investment fraud which has tarnish tarnish- tarnished ed Utah's Image in the nations nation's business and financial circles is the target of a research grant awarded under the N Eldon Tanner Endowment Fund established by the of of Utah Graduates School of Business Dr G Grant ant H Calder Calder professor emeritus of management has received a year one appointment to conduct conducta I a research and write a series of case histories that will become part of the business schools school's curriculum and be made available to off campus groups Utah's of white coll collar r crime range from widows living on fixed in in- in incomes comes to small investors businessmen doctors and other professionals and ven even major financial Institutions So serious has the problem become along Utah's populous Wasatch Front that the tJ e state has developed an unwanted reputation as one of Americas America's scam capitals There are estimates that In in- in individual and business organizations organizations have been bilked out of an estimated million milli n In recent years by various kinds of scam artists Criminal complaints filed by the state attorney generals general's office in the fiscal year ended last June 30 for example showed private individuals reported losses totaling million to white col col- col collar lar crimes These scams have been particularly vicious because they not only Involve people who are financially secure but those who can ill afford to become victims vic vic- victims tims Including retirees widows and young people just starting their careers says Calder Colder Calder will make a thorough study of the different methods that are used to defraud the public lIe will analyze newspaper reports and sales promotion material examine court records and in- in interview interview government Investigators bank loan officers victims of fraud and whenever possible some of the alleged perpetrators themselves The Utah professors professor work Is part of a coordinated effort by the states state's business government and religious leaders to attack white collar crime and strengthen ethical business practices All four of Utah's major Institutions of higher education are Involved In dif dif- different different ferent categories of the overall program Dr James H Gardner dean of the Col Col- College lege of Business and Graduate School of Business says the case studies will pro pro- provide vide an effective term long educational tool for attacking Investment fraud Calder will analyze many of the major fraud cases that have occurred along the Wasatch Front to learn what techniques were used and why they succeed din duping the public Once the material Is collected specific case histories will be written written so students the public and businessmen businessmen will have the opportunity to learn from the experiences and mistakes of others A little common sense can go a long longway longway way toward protecting people and their money says Calder whose four decades on the University's business faculty found him teaching nearly every subject the college offered proposal When somebody offers a proposal that promises to yield substantially snore more money than what tile the marketplace would return on an Investment you should quickly become suspicious of it says Calder Even when the Investment op- op opportunity op Is legitimate people should adhere to the axiom return goes hand hand- hand In-hand with risk If you Invest In a risk low secured government bond you will receive a but safe return If you decide to shoot for twice or four times what the bond would give you the risk Is likely to be substantially higher Calder joined the University faculty in 1939 He helped organize the University of utah European graduate programs that served US armed forces in Ger- Ger Germany Germany many France Greece Spain and other parts of Europe In addition to teaching for several years at both the University of Rangoon In Burma and Haile Selassie I University In Ethiopia he assisted In organizing business schools at those two foreign universities |
