Doping in Cycling and the Mafia

The head of the World Anti Doping Association (WADA), David Howman, gave an interview in New York City that gives some insights into the dif...

Madoff and Watergate

No, Bernie Madoff didn't play a role in the Watergate scandal (at least as far as we know) but it turns out that his Ponzi scheme may ha...

Free Markets, Families and Regulating Fraud

I’ve been reading several calls for prosecution of fraud on Wall Street lately. No, these aren’t coming from the Occupy Wall Street ...

Update on Olympus: Potential Ties to Organized Crime

Not only is Olympus  being accused of a massive financial statement fraud , the latest revelations suggest that the financial statement frau...

Olympus is Accused of Massive Financial Statement Fraud

The camera and electronics company, Olympus, is being reported to have engaged in a massive financial statement fraud. Reports are pretty am...

A New Madoff Interview

60 Minutes Overtime aired a video recently of an interview with Ruth and Andrew Madoff discussing such things as the decision and process of...

A Potentially Costly Combination: Deloitte, Taylor Bean and the PCAOB

If you follow news affecting auditors, you may have noticed that the PCAOB made a very rare disclosure yesterday about one of the big four f...

Widow of Mark Madoff Talks

ABC News has an article about Mark Madoff's widow, Stephanie Madoff Mack, and her view of what Bernie did to her. Here are a few quotes...

Fraud in Amateur Sports

Photo taken from KTLA.com So, I was appalled to read about a marathon runner who caught a bus over the last six miles of the race and then ...

Avoiding Consumer Fraud [Guest Post]

“You’ve just won $10,000! Act now! This opportunity won’t last long!” Every day, millions of consumers run into ploys like this one, and som...

Madoff and the SEC: Serious Conflicts Existed

The NY Times recently discussed the results of a report on the SEC showing that a lawyer with heavy involvement in the Madoff case had seri...

Lance Armstrong Investigation: Money Trails and Ferraris

I apologize for being so slow to comment on this news but last week I was taken out of commission by a long-boarder who ran into me while ri...

Deloitte and Taylor Bean: Real Money is on the Line

Another of the Big 4 is being sued regarding their audit of a firm that was allegedly committing serious fraud during the mortgage meltdown,...

The Cost of Loss [Guest Post]

Fraud affects everyone. According to a recent survey, US businesses lose an estimated $400 billion due to fraud each year. The Association o...

Rouge Traders and Double Standards

You may have seen the recent news of a rouge trader at UBS whose trading activity led to a $2 billion loss for the company.  In a recent bl...

Ernst & Young and Lehman Case is Still Cooking

Fox News published a short article about litigation involving Lehman and its executives and mentioned that the lawsuit against EY is still ...

Madoff Claims He's Teaching at Harvard

It sounds like Bernie Madoff is telling stories again. According to this  short article on Fox , Bernie said: “I have been approached by (a...

The Latest on Bernie Madoff's Victims

An excellent NYT editorial discusses the latest in the Bernie Madoff saga.  For those of you who may not be following the story very close...

An Update on Lehman and EY

According to an article in the Wall Street Journal : A lawsuit contending that Lehman Brothers Holdings Inc.'s former officials, underwr...

More on the Cheating Scandals in Public Schools

Imagine if the response to Enron and WorldCom was to say that business leaders are set up to commit fraud because the market is too interest...

International Auditing

Finding fraud in any company can be very hard.  The most egregious financial statement frauds are often the result of a coordinated effort b...

A Fraudster Cyclist with a Defective Moral Compass

If you know Michael Rasmussen's story, you know that he was leading the Tour de France in 2007 when he got kicked out of the race and fi...

More Teaching Scandals in the News

Last October, I wrote about a teaching scandal in Georgia schools where teachers were apparently erasing and correcting students answers on...

Lehman Update

A few days ago my dad and I were wondering when we were going to hear additional news about the status of the Lehman Bros Repo 105 case .  I...

Madoff Investors vs Rajaratnam Investors

A NYTimes op-ed raises an interesting question: When we sue Madoff investors who were "net winners" to recover their ill-gotten ...