Another possible life sentence in the Madoff case

The NY Times reports that Bernie Madoff's former chief of operations, Daniel Bonventre, has been charged with " conspiracy, securit...

Ever wonder what's in your tomato paste?

When bribes are paid to get business deals, the real losers are often the consumer who ends up paying either higher prices or gets lower qua...

Who Blows the Whistle on Corporate Fraud?

A forthcoming study in the Journal of Finance focuses on improving our understanding of fraud detection methods.  The authors discuss their...

Former Healthsouth CFO to participate in FASRI roundtable

This upcoming Wednesday, February 17 at 11am ET, FASRI will be hosting a roundtable with Aaron Beam , former CFO of HealthSouth, who served ...

Surprise: people are finding more ways to steal from the U.S. government

Two whistle blowers have accused the private security company and government contractor Blackwater Worldwide (now called Xe) of defrauding t...

Anyone want to buy some snake oil?

Today I got an email from a neighbor who is promoting a new product that is supposed to relieve pain. The "amazing product" shown ...

Goldman helps Greece lube their balance sheet

It looks like the investment bankers are back devising deals to create off-balance sheet debt. They were very instrumental in helping Enron ...

Modern Snake Oil?

A recent NYT opinion piece serves as a reminder of how important it is to be on the lookout for trumped up marketing claims: The full histo...

Bank of America charged with fraud in Merrill deal

This is hot off the press ( see today's WSJ ). NY Attorney General, Andrew Cuomo has charged Bank of America (BofA) and its executives w...

TARP and fraud

In his quarterly report to Congress, Neil Barofsky, the special inspector general for the trouble asset relief program (TARP) says: "Th...