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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.


Mount students traveled to the Headquarters of the United Nations in New York City to participate in the United Nations 2015 Global Youth Forum on February 2-3, 2015. The focus of the forum was to maximize the engagement of young people in the transition from Millennium Development Goals (2000-2015) to Sustainable Development Goals (post-2015). More than 600 young people from around the world gathered to engage in the conversation.

The energy at the forum was high with ideas flowing between youth delegates, the President and Vice Presidents of the UN Economic and Social Council who hosted the event, plus Ministers of Youth and youth program directors from Member States, and Ambassadors and Permanent Representatives to the UN from Ecuador, Jordon, Austria, Ireland, Kenya, Netherlands, USA, Croatia, Gambia, Portugal, Albania, Spain, United Arab Emirates, Romania, Burkino Faso, Mexico, Tunisia, Norway, Guyana, South Korea, Congo, Russia, Argentina, Germany, Sri Lanka, Colombia, China, Sierra Leone, Burundi, Bolivia, and more. Participants benefited from simultaneous translation in Spanish, French, Russian, Chinese, and Arabic!  

The United Nations estimates that there are 1.8 billion young people aged 10-24 in the world today, close to one-quarter of the world’s population. Thus, youth engagement is not a luxury, but rather a necessity to provide a platform for young people to engage in action and policy making. Youth input in critical to address issues such as education, employment, poverty, health, environment, juvenile justice, leisure, globalization, technology, HIV/AIDS, and armed conflict.

The Mount delegation consisted of Emily Davis (International Studies), Brigid Flay (Economics), Regina Fleck (International Studies), John-Paul Heil (History, Philosophy, Italian), Phil Noto (Accounting), Brian Quigley (Political Science), and Kevin Rein (Political Science, Business). The trip was led by Dr. Patrice Flynn, the Morrison Professor of International Studies in the Bolte School of Business, as part of the Morrison global engagement program at the Mount.  United Nations

The United Nations Secretary-General Ban Ki-moon opened the Youth Forum with a call for young people to “Challenge your leaders. You have the prerogative as young people. The Future is yours.” He focused our attention on a “new agenda with poverty and sustainable development at its core, where gender equality is a practical reality.” If we are to end poverty and hunger and bring about gender equality in our lifetimes, the delegates were encouraged by Dr. Ban Ki-moon to be bold, courageous and visionary, to bring creative ideas to the table, and to enter into partnerships with the United Nations and civil society to advance the post-2015 Sustainable Development Goals so that “no one is left behind.”

Dr. Flynn believes that input from young people is essential in the development process if we are to devise innovative ways to effectively address poverty, sustainability, and gender equality. “I was thrilled to see our Mount students fully engaged in the conversation with such a prestigious group of diplomats, students, and world leaders. Having a youth lens is imperative to ensure that the Sustainable Development Goals are viable and relevant to young people as they move into adulthood.”   

The 2015 Global Youth Forum also marked the 20th anniversary of the World Programme of Action for Youth, the 20-year review of the Beijing Declaration and Platform of Action for the benefit of young women and girls, and a new focus on the needs of African youth. The forum allowed young people an avenue for participation and input into intergovernmental discussions at the highest levels.

By the end of the forum, a set of recommendations were agreed upon and will be transmitted by youth delegates to the Members States in July of 2015. Some of the recommendations focused concretely on increasing the representation of young people in parliaments, securing line item funding for youth programs and transitions from school to work in national budgets, and inclusion of youth in the finalization and implementation of the post-2015 Sustainable Development Goals.



Liam McManimonIt’s not everyday you can take something from the basketball court into an Econometrics course, but that is exactly what Liam McManimon did. In a research paper for the course, Liam analyzed the relationship between ticket prices for Division 1 college basketball games and a number of school, team, and city characteristics using regression analysis. The main question Liam was after?  “Why are Division 1 college basketball ticket prices higher at some schools than others?” 

Liam spent much of his time and effort compiling the required data for more than 50 schools, estimating and testing his models, and finally interpreting results. Despite an extremely tight schedule as a member of the Mount basketball team, Liam “produced a well-written and well-researched paper,” said Dr. Solomon Tesfu, Liam’s mentor for the project. The key finding?  Team rank is the most important factor influencing ticket prices for Division 1 college basketball games. “On the surface an ordinary correlation but for Liam to use econometrics to explain the reasoning is where real learning takes place,” says Dr. Tesfu.

Liam's high level of interest in econometrics is a good example that even a highly quantitative and challenging course can be made interesting and accessible to any student with limited quantitative background. Tesfu believes the process of "learning by doing" helps students realize that they can develop high level questions and solve them with the tools they learn in the classroom in order to answer these research questions.

This past fall semester over 60 students participated in the annual Mount St. Mary’s University Student Investment Challenge hosted by the Student Finance Club. The challenge, which took place over six weeks from October to November, is a simulation in which the participant buys and sells the ownership of publicly traded companies in order to build the value of an investment portfolio. The challenge is a great chance for students who have expressed interest in the stock market to better understand the concept of buying and selling stock.  Todd Zuech

Each student began with $100,000 and competed to see how much they could increase their stock portfolio's value.  At the closing bell on November 21, with all the results in, the winner was a clear cut Todd Zuech, C’17, who ended with over $515,471 dollars, a gain of 415% from the initial $100,000 value. Runners up were Teresa Gonzalez, C’17, at $164,201 a 64% gain and William Naille, a graduate student at the Mount, who earned $119,608 a 19% gain. Although it was a landslide victory for the underclassman here at the Mount the learning experience it provides for everyone is undeniable. Prizes of $300, $200, and $100 were award to first, second and third place respectively.

The end value of many of the portfolios show how much the student puts into the challenge.  Professor Don Butt, finance club faculty advisor, said, “In the past, the winners of the investment challenge have all been extremely active through the entire course of the challenge, making multiple trades over the course of a single day.”

The challenge really articulates how much work it takes to remain competitive and the constant trading necessary to create a profitable portfolio.  “This is a great way for anyone who is interested in pursuing a career in stock brokerage or going on to take the Series 7 exam after graduating to get their feet wet and see just how much work goes into the career," Professor Butt said. “I would highly encourage any undergraduate business majors to participate in future challenges by the investment club.” 


George Borst C’70 took a step back in the same business classrooms he graduated from 45 years ago to share some of his own experiences in business with Mount students. Borst served as Toyota Financial Services (TFS) Regional CEO for 11 years and had a wealth of information to share with students.  Discussions in Business Policy and Society classes ranged from simply starting out in search of a career to the advanced topics of ethical behavior in the workplace.  Shannon Greene C’15 said, “Mr. Borst stressed corporate social responsibility and volunteering in the workplace as well as a discussion on the transition from college to corporate as budding young business people.”

George BorstBorst had varying messages for the different classes he attended but the overall the message Borst had for students stressed finding your own path but also how to address ethics in an environment where no one comes from the same ethical or moral background. Along with ethical standards Borst concluded by encouraging the young business minds in the classes to give back. Borst’s own philanthropic pursuits are not limited to monetary terms; he volunteers his time as well. Bringing Toyota Financial Services' philanthropic efforts to new heights during his time with the company, Borst ensured the company practiced what they espoused.

After leading TFS out of the early millennium and into the past decade, Borst currently serves as executive advisor to the CEO on global issues in operational and financial decisions. During his time with TFS, Borst led the company through numerous crises including global recession, unprecedented automobile recalls, and the 2011 earthquake and tsunami in northeastern Japan which wiped out many of Toyota’s suppliers. Though the company faced many hardships, it became the nation's largest captive finance company during Borst's leadership.

Vlad Profile PicVlad Leskovetc is an exchange student from South Ural State University in Chelyabinsk, Russia.  He is currently pursuing his master of business administration (MBA) degree, and is a graduate assistant in the Bolte School of Business.  He recently spoke with Mount officials about coming to the Mount.

How did you first learn about the Mount?

I became aware of Mount St. Mary’s five years ago when Mount St. Mary’s students came on a trip to South Ural State University. Through the foreign exchange program the two sister schools share, I was able to learn of experiences that students had in America and exchanged stereotypes as well.  During that first experience in Russia, students came and explored the area of the Ural Mountains, met with students from the school and learned about life in Russia, and the stark contrasts that exist between the two nations as well as some of the similarities.  Two years later I came and visited; I am fortunate enough to be quite fluent in English so I could socialize with the students of Mount St. Mary’s. I enjoyed my experience here very much.

What do you like now since you began taking graduate level courses?

In Russia the teacher lectures and lectures and that is all it is, here at the Mount there is a lot more interaction between students to professors. The global topics that we discuss in class are very interesting.  The ability for students to work out and train with other athletes in the same center is also unbelievable and the [PNC Sports Complex] center itself offers so much to do even though I do not play very many sports as we do in America. 

Any dislikes so far?

Not so far – but I wish more people spoke Russian over here!

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