Category: Ethics
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Tuesday April 16 2013 Business Insider reports that Scott London received a few meals, a $12,000 Rolex, and $25,000 for exchanging information about a client. Now he faces prison. What ws he thinking? One would think he will lose his CPA license over this, especially if he gets jail time. ON the other hand redemption extends…
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Monday April 15 2013 Here is the latest on the KPMG Audit Partner. This fellow leaked information in exchange for a $12,000 rolex watch and an unknown amount of money but it was apparenlty tens of thousands not millions. After a 29 year career at one firm and rising to partner this is quite a statement.…
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Weekend April 14 2013 Manuel Isquierdo withdrew his name as candidate for Superintendent of San Antonio Independent School District. The board was unanimous Monday night when it named Isquierdo. By the time he withdrew Friday, three of its members were openly skeptical he could be a role model for students when he owed $150,000 in…
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Wednesday April 10 2013 There are more reports on the KPMG Los Angeles partner resignation in the news. As one client asks, what controls does KPMG have in place to prevent a 'rogue' employee from peddling inside information. I published a Business Case Study on KPMG's Tax Shelter Fine. The fact that there are recurring problems at KPMG after…
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Tuesday April 9 2013 KPMG and Skechers part company. THe lead audit partner is under SEC investigation. KPMG kicked out of Herbalife Audit, partner fired. When it rains it pours eh? The press release says the 22,000 partners condem all this but the publicity is never good.
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Wednesday April 3 2013 Jim Chanos is known for being a financial detective. Here he holds forth on the new nature of financial fraudsters.
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Monday April 1 2013 This is not Apri Fool Joke. This is the official Nike poster for Tiger. Will ex wife Erin and when they are old enough to understand, his children agree? We report you decide.
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Monday March 18 2013 Tiger Woods was the subject of at least one essay in my ethics class. The author suggested he was gaining acceptance again. And so today I see that he and Lindsay Vonn the skier are an item. He evenloaned her the jet. Or as was said back in the day about…
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Friday March 1 2013 Last October 2012 we started a list of Who's the Worst. It was a list of various fraudsters that I came across in the news. One was Judge Abel Limas. Limas had been sentenced for dispensing favors for money in his court. Apparently the lawyers paying for favors were getting sentenced as well.…
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Friday Feb 15 2013 Our top pick for Rogue of 2012 was Rita Crundwell, see our Oct 30 2012 post. Rita plead guilty and at age 60 is headed for 20 years in jail. Prosecutorse expect to recover only about $10 M of the $54 M she apparently stole. The horses were sold at auction, I…
