FOR IMMEDIATE RELEASE (3/06)
Contact: Lynn Stewart or Kelsey Johnson, Centenary News Service, 318-869-5120 or 841-7265

Author of Capitalism's Achilles Heel to Speak, Kick Off Pate Scholarship March 27 at Centenary College

SHREVEPORT, LA — One of the country’s foremost experts on money laundering and illegal flight capital, Raymond W. Baker, will be the featured speaker March 27 at a dinner for alumni, students, and friends of Frost School of Business.

The event will begin at 6:30 p.m. in Kilpatrick Auditorium in the college's R.E. Smith Building at the corner of Kings Highway and Woodlawn Street. It kicks off fundraising for an endowed scholarship in memory of Dr. Woodrow Pate, longtime professor of economics.

“When I visit with alumni who graduated between the years 1950 and 1979 they speak with fondness and gratitude of the lessons learned from Woody Pate,” said Dr. Chris Martin, dean of the Frost School of Business. “I trust that those who knew Dr. Pate and who were so influenced by this great teacher and scholar will view the endowed scholarship as a fitting tribute.”

Baker will speak on the corrosive effects of “dirty money” in the global free market system, the subject of his new book, Capitalism’s Achilles Heel (Willey, 2005). His work draws on over four decades of experiences in international business in some two dozen countries. He is a guest scholar at the Brookings Institution and a senior Fellow at the Center for International Policy. He has conducted research on and written, spoken, and testified before Congress about money laundering and illegal flight capital.

Tickets to the event cost $25 per plate, with reservations needed by Friday, March 24. For further information, call (318) 869-5141 or email the Office of Alumni Relations at alumni@centenary.edu.

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