Professor Elam

Tuesday Dec 3 2013

Here is one for the record books. Madoff's team of fraudsters placed recently printed 'audit records' in the refrigerator to cool down the paper fresh from the printer. Otherwise teh auditor might have been suspicious that the paper was still warm while purporting to be anolder record.

We will be studying ethics this spring, Had it not been for the 2008 melt down, Madoff might still be perpetuating this fraud.