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The Bolte School News

Date: Nov 2015

 

The Mount’s Federal Reserve Challenge team successfully competed completed against Loyola University, University of Maryland Eastern Shore, Towson University, McDaniel College, and America University and won the first round of the competition on October 30th.  The Mount’s team is now getting ready for the semi-finals November 20th at the Federal Reserve District Bank in Richmond.  If they win they will go on to the nationals on December 2nd at the Federal Reserve Board of Governors building in Washington, D.C.

Fed Challenge TeamThroughout the competition teams make presentations to a panel of monetary economists on their views of the current economy and recommendations for whether the Federal Reserve should target an increase in the federal funds interest rate. The Mount team’ presentation at Towson was crisp, lively, and well-articulated. The judges were also impressed by the way the team handled the question-and-answer section.

Captain Josh Donofry C’16 had this to say about his experience in Fed Challenge, “Ben Bristor C'16 and I have been on the Fed Challenge for past four years and we embraced the idea that we do not represent just ourselves, but also Mount St. Mary's and the Bolte School of Business.  Although we had come close winning in the past couple years, we were tired of just ‘coming close.’ We tried to make our presentation comprehensive while also bringing some levity to the ‘dismal science.’ We have always received an exceptional amount of support from everyone in the School of Business and we're extremely happy that we could put together a winning performance.”

We have a fabulous team this year:

Benjamin Bristor C’16 (co-captain, presenter)
Joshua Donofry C’16 (co-captain, presenter)
Sean Dailey C’17 (presenter)
Richard Grim C’17 (presenter)
Ryan McNeil C’17 (presenter)
Stephen Witkowski C’16 (presenter)

Captain Benjamin Bristor said that while the team they have this year is great they couldn't have done it without previous classes laying the groundwork for what the Fed Challenge team is today. Ben gave special recognition stating, "I’ve met and worked with a lot of fantastic people in my time here, starting in freshman year with people like Tyler Jones C'13, Mark Quaranta C'13, Brian Baldini C'13, Brandon Ziza C'13, and Tyler Giles C'15 and every year since then.  The one person, though, who has really been a blessing to be able to share this with is Josh Donofry, who every time we do this comes in with a completely unique and irreplaceable way of looking at the subject.  The School of Business and the Mount have always done their best to support the team, and we really do appreciate what they do."

If you see them in about campus be sure to congratulate them on a fantastic job!


Prof. Hoffman joined Mount St. Mary’s Richard J. Bolte School of Business as a full time faculty member in fall 2015. He has prior teaching experience as an adjunct professor at various colleges and universities including University of Maryland, Strayer University, and Montgomery College. He is also a frequent speaker, lecturer and instructor for professional and industry organizations and conferences.  

Prof. Hoffman’s research and writings focus on forensic accounting and fraud investigation matters. He is currently writing a book Larry Hoffmanentitled Trust is Not an Internal Control, A Small Business Guide to Preventing Fraud and expects its publication in 2016. He has also authored numerous articles and other resource materials on forensic accounting including in the areas of fraud investigation, prevention, and detection.

Prof. Hoffman is a practicing CPA with a specialization in forensic accounting and fraud examination. He has been involved in numerous high-profile cases as a consulting and testifying expert. He has performed forensic accounting services for governmental entities, public and private companies, nonprofits and individuals for over 30 years. He has performed forensic services in support of litigation and claims for lost earnings and profits, business interruption, shareholder disputes, intellectual property infringement, bankruptcy and restructuring and structural settlements; assistance with interrogatories, document requests and depositions; and serving as an expert witness. He has conducted and led teams of forensic accountants on fraud investigations ranging from small family-owned businesses to large governmental organizations with losses of over $500 million. He has performed and supervised valuations for individuals, estates and public and closely held companies in numerous industries. He has also assisted companies and nonprofits with restructuring and turnaround situations, including recapitalizations, reorganizations and liquidations.

Prof. Hoffman is a CPA licensed in the Commonwealth of Virginia. He is also a Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF) by the AICPA, a Certified Valuation Analyst (CVA), holds the Chartered Global Management Accountant (CGMA) designation from the AICPA, Certified in the Reid Technique of Interviews and Interrogations, and a Private Investigator (PI) licensed by the Virginia Department of Criminal Justice Services.


On November 5 Mount St. Mary’s University hosted its 21st annual Corporate Social Responsibility Symposium.  The event entitled The Ethics & Economy of Healthcare in America, centered on the issues facing the state of the United States healthcare system today, what direction it is headed and our own concerns and reservations the American people have regarding such moves.  The panel featured Richard P. Kidwell C’76, Richard P. Miller C’74 and William J. Ward Jr. C’65 esteemed members of the healthcare industry in their own areas.  The panel was led by moderator Gracelyn A. McDermott C’93 who is the Vice President of Accrediting and Client Services for URAC.  

After opening remarks by Karl Einolf, dean of the Richard J. Bolte School of Business the panel began discussions surrounding methods to achieve health equity, improvement of the healthcare experience and how health economics and ethical issues interact.  Richard P. Kidwell C’76 who is the Senior Associate Counsel/ Vice President of Risk Management at the University of Pittsburgh Medical Center began the discussion addressing medical malpractice in the healthcare industry and how you can respond appropriately and professionally.  The second panelist to address the crowd was Richard P. Miller C’74 who is the president and CEO of Virtua, a non-profit healthcare system in the southern New Jersey area that specializes in hospice and end of life care.  One of the main points from Miller was the importance of human dignity in the end of life care process.  William Ward Jr. closed with comments regarding the supply and demand cycle of healthcare.  Ward argued that as the government attempts to limit healthcare choices the public will no longer have the choice that consumers have been fortunate to have over the years.  

The event overall was well received by a crowd of about 140 as students and faculty engaged in their own concerns regarding the state of healthcare in America.  The event is sponsored by the Richard J. Bolte Sr. School of Business and the BB&T Center for the Study of the Moral Foundations of Capitalism.

 
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