The surprising persistence of fraud within the financial services industry - most recently underscored by the $100 million authorities said is missing from the Connecticut hedge fund manager Bayou Management - is causing a new operational demand among many firms. And it's not just for forensic accountants, but also for full-fledged private investigators.

When it comes to combating fraud, corporate detective Ernest Brod touts more than 20 years of experience in tracking down assets and ferreting out cyber-vandals. So it's hardly surprising that industry giant Deloitte Financial Advisory Services recently named Brod director of its forensic and dispute service practice.

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