Huron and Arthur Andersen

Some of you probably have heard about Huron Consulting Group Inc's restatement recently. You should read this article about Huron's...

Stanford CFO Pleads Guilty

As expected, Stanford Financial Group's CFO, James Davis, pleaded guilty today to fraud and conspiracy, admitting that "he and othe...

PwC now being sued in Madoff case...

Victims in the Madoff case have now expanded their efforts to recover some of their losses by suing PricewaterhouseCoopers. A UK news report...

Overlap

Usually overlap would be considered an effective deterrent to fraud, at least from the corporate perspective. Internal controls that includ...

"Putting America to Work"

Shifting gears for a moment, I have to ask: Who thought it would be a good idea to put up signs like this at road construction sites all acr...

Foregone Opportunities...

From GoComics.com :

What do Bernie and Barry have in common?

Those of you who have studied famous fraudsters, you will know the name of Barry Minkow. Barry was the apparent whiz kid entrepreneur who st...

HealthSouth fraud: The rest of the story

The former CFO, Aaron Beam, of HealthSouth spoke at the recent conference of the Association of Certified Fraud Examiners. He tells a pretty...

A word to Ponzi schemers: Stay away from China!

The WSJ and AP reported that two Chinese individuals were executed for defrauding others in a Ponzi scheme in which they promised 10% retu...

A break in the Madoff case

The WSJ just reported that former Madoff aide, Frank DiPascali Jr., plead guilty to knowingly helping Bernie Madoff perpetuate his $50 bill...

100 years for $126 million fraud

Continuing the recent trend of harsh prison sentences for convicted fraudsters, Edward Okun was recently sentenced to 100 years in prison fo...

Apparently not all Madoff victims were victimized equally...

According to a recent article , the trustee in the Madoff case is suing Jeffry M. Picower so as to obtain $5.1 billion that was apparently ...