Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
Ex-CFA Exec Charged in Massive $6M Embezzlement Plot
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe26 JUN 2025 / BUSINESS
Former Chief Marketing Officer of the CFA Institute, Michael J. Collins, is facing felony charges for allegedly embezzling nearly $6m from his employer and education company Pearson, through a fraudulent scheme spanning eight years. Collins is said to have created two fictitious consulting firms from which he submitted fake invoices for non-existent services, charges that he pleads not guilty to as his defence argues the claims stem from past employer grievances. His scheme, if proven true, serves as a chilling reminder for financial professionals on the importance of diligence and internal audits irrespective of the level of trust vested in any individual.
What happens when the guy selling trust starts spending stolen millions on bling, flights, and filet mignon? For the CFA Institute and Pearson, it means months of quiet panic, millions in losses, and a scandal that’s now hitting headlines hotter than a Ju...
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
Transforming Finance & Accounting Operations for Enterprises!
We help 100+ clients streamline F&A operations with our full-suite outsourcing services-eliminating the need for in-house teams. Partner with us for Top-tier finance & accounting talent, Cutting-edge technology, and World-class infrastructure.
Our Full-Suite F&A Services Include:
We collaborate with CPA and accounting firms to drive real business value.
Schedule a no-obligation discovery callYou’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
-1786630626.webp)
