It's not the "government" per se, it’s the right wing/conservatives that want the government to implode that are bringing down the country.
source: fraud expert
Saturday, February 7, 2009
Harry the Tipster - Why Whistle Blowing Works!
Harry Marcopoulos testifies before Congress and waves the CFE (Association of Certified Fraud Examiners) 2008 Report to the Nation in his testimony and points out that 42% of all frauds are caught by tips or complaints.
(As we now know, Harry tipped and complained about Madoff for about 9 years and nobody listened.)
New SEC Chief Mary Schapiro announces bold moves to strengthen enforcement.
The SEC announces that 70 Ponzi schemes are under investigation.
Therefore, we know that lots of bad stuff is happening, and we're not catching it.
As a simple auditor, I suggest the first thing we carefully examine is the SEC Compliant Form. It is easily found by googling. Let's take a look at how many complaints come in, how they are logged in the database and what parameters are used to evaluate them.
Tips, complaints and whistle blowing are the most productive method of uncovering financial fraud. Let's focus on this high payoff area to uncover these problems.
source: fraud expert
Saturday, February 7, 2009
Harry the Tipster - Why Whistle Blowing Works!
Harry Marcopoulos testifies before Congress and waves the CFE (Association of Certified Fraud Examiners) 2008 Report to the Nation in his testimony and points out that 42% of all frauds are caught by tips or complaints.
(As we now know, Harry tipped and complained about Madoff for about 9 years and nobody listened.)
New SEC Chief Mary Schapiro announces bold moves to strengthen enforcement.
The SEC announces that 70 Ponzi schemes are under investigation.
Therefore, we know that lots of bad stuff is happening, and we're not catching it.
As a simple auditor, I suggest the first thing we carefully examine is the SEC Compliant Form. It is easily found by googling. Let's take a look at how many complaints come in, how they are logged in the database and what parameters are used to evaluate them.
Tips, complaints and whistle blowing are the most productive method of uncovering financial fraud. Let's focus on this high payoff area to uncover these problems.
Last edited:
