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The Oracle M O N D AY, J U LY 1 3 , 2 0 1 5 I V O L . 5 2 N O. 1 3 4

Inside this Issue

w w w. u s fo r a c l e. co m

The Index

News.................................................................1 Lifestyle......................................................4 Opinion.......................................................6

classifieds..............................................7 Crossword.........................................7 sports............................................................8

U N I V E R S I T Y O F S O U T H F LO R I DA

Holding white-collar crime accountable

LI F E STYLE

Muslim artist shows strength and struggles in new gallery. Page 4

Montage

n New USF graduate

certificate to prevent money laundering, boost students’ hiring potential.

By Christopher Collier A S S T .

N E W S

E D I T O R

S PORTS Two Bulls take talents overseas to compete in the World University Games. BACK

Tampa is a growing economy financially speaking. However, with this growth comes more people seeking to take advantage of loopholes and get away with taking money from their place of employment. Director of the Pippenger School of Accountancy Uday Murthy said roughly 600 new positions will be opening up in the Tampa Bay area from Citibank alone in the area

of business risk assessment, including in the growing antimoney laundering field. To train students for the rising demand for forensic accounting, USF launched a new graduate certificate program in Compliance, Risk and Anti-Money Laundering this summer, which was recently featured in a blog on the Wall Street Journal. Graduate students in the Muma College of Business have the opportunity for an additional credential on their resume with the new certificate that trains students to combat white collar criminal practices like money laundering. The primary course in the certification sequence is the risk management and legal compliance taught by USF professor and former FBI investigator of 25 years, Kerry Myers.

This summer, Myers had 33 students enrolled, including 20 from the master’s of cybersecurity program and 13 who are working on graduate degrees in the College of Business. “Almost every publicly traded company out there has various risks that is has to manage and it manages it through various techniques,” Myers said. Myers said regulatory risks are one of the most common risks corporations and financial institutions have to manage. Simply put, a regulatory risk is an employee breaking the law by breaking rules and regulations set out by the Securities and Exchange Commission. “One of the ways that boards of directors, working through their officers and their internal audit department, one of the ways they control or mitigate regulatory risk is through com-

pliance programs,” Myers said. By using a program called the Audit Command Language (ACL) script, forensic accountants and investigators are able to decipher irregularities in money traffic. For example, the system works to find patterns indicative of money laundering. Suppose there’s a control over an employee’s purchasing power that caps his purchase limit at $1,000. “What a clever employee could do is have, let’s say it’s $1,500, so split it up,” Murthy said. “$900 and $600 so there would be two consecutive orders placed to the same vendor by the same employee, both of which are right below the $1,000 limit. So that’s something you could run a little ACL script that says ‘find two

n See MONEY on PAGE 2

USF research company to battle cancer with Tumor-on-a-Dish By Jessica Prakke C O R R E S P O N D E N T

One of the biggest troubles in treating cancer is finding the right treatment without using up the patient’s options, as once a type of treatment is used, it can’t be used again. According to the National Cancer Society, over 1.5 million people will be diagnosed with cancer in 2015, and over 500,00 will die from the disease. On June 18, the Florida Institute for the Commercialization of Public Research announced the finalization of a funding agreement with TransGenex

Nanobiotech, Inc. (TGN). The Florida Institute is a non-profit that works with universities and research institutions to help commercialize new products, and this public funding for TGN will be used toward the commercialization of the product “Tumor-on-a-Dish.” TGN founder Shyam Mohapatra said Tumor-on-a-Dish could revolutionize the way the world treats cancer. “Ninety-five percent of cancer drugs fail,” he said. “One reason they fail is because of the way they go about fighting (cancer).” Shyam Mohapatra and his wife and TGN co-founder Subhra

Mohapatra have worked to create Tumor-on-a-Dish through technologies licensed by USF. TGN was founded in 2004 by Shyam Mohapatra and Subhra Mohapatra as a spinoff company of USF, and the company is currently going through the patent process with one of their products. Within the microscopic confines of Tumor-on-a-Dish, nanofibers grow to make a fibrous match with a mixture of tumor cells to reflect how cancerous tumors form in the human body. While traditional cancer research applies new treatments to cancer cells, this product would

allow researchers to directly apply them to tumors. TGN originally developed the product for treating breast cancer but later realized this product could treat any cancer. The company has successfully applied this product in 18 cancer cell labs and with 7 different types of cancer. “We could actually change the paradigm of how we discover cancer drugs,” Mohapatra said. He said this product will hopefully allow pharmacists and doctors to test different cancer drugs on a tumor before administering medication to a patient. As the

n See CANCER on PAGE 5


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