The Scotsman: The Institute of Chartered Accoun­tants of Scotland will tell high-powered US financiers at a conference in New York that individual judgment should play a bigger role than strict adherence to a rule book. Ah, this old classic. Once again the rules-based US system is coming under attack by external sources, this time from Scottish […]

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In Sydney, Australia, an accountant was convicted of hiring a hitman to kill a client who he had stolen almost $84,000 from. He had failed to remit those amounts to the government for taxes owed by the victim. The motive was, unsur­pris­ingly, to “stop Mr Williams from bringing the fraud to light.” This is pretty crazy […]

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Dan Meyer’s blog, Tick Marks, has directed me to an inter­esting section of The Focal Point’s website, highlighting the work it did in helping the prose­cution of the fraud case of the former head of Waste Management, James Koenig. The Focal Point is a company that makes “all forms of courtroom presen­ta­tions more persuasive by […]

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Fraud. The very word strikes fear in the hearts of good men and women around the globe. Fraud can take down a company, fraud can destroy share­holder wealth, and fraud can make you very, very rich. Just kidding about the last one. Eventually, if you are committing a fraud, you will get caught. Sooner or later, […]

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Over at the AAO Weblog, there’s an inter­esting post concerning the Adelphia fraud and an “enabler”, Scientific-Atlanta, which is now a unit of Cisco. Around August 2000, Adelphia asked Scientific-Atlanta to increase the price of digital cable television set-top boxes it was selling to Adelphia — then kick back the difference to Adelphia in as […]

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