• Archive for the ‘Madoff’ Category

    KPMG Takes Its Turn With a Big 4 -Sized Scandal

    By • Apr 17th, 2017

    The KPMG/PCAOB scandal is neither the first or last time a Big 4 firm reminded us that there’s nothing special anymore about being a Big 4 firm professional The firms, and their partners, are not capitalist eunuchs, immune from perverse incentives that advocates for free markets say, if big enough, can corrupt anyone.



    Madoff, MLK, Buddha And Elusive Nature of Self-Interest

    By • Jan 20th, 2014

    Your first obligation as a professional is to your client, not your firm, your partners, or even your family.



    In Pari Delicto: Can A Law Make It Go Away?

    By • Jul 27th, 2013

    Pete Brush at Law.com did a story last week about a story about in pari delicto, the adverse interest exception, and holding third-parties like auditors liable for fraud in bankruptcy cases. I was quoted.



    Forbes Magazine: Lying With Numbers

    By • Nov 13th, 2012

    The SEC is busy chasing Ponzi schemers and foreign bribers. But bogus accounting remains a bigger danger to the markets. (More links.)



    Whistleblowers Are Not Pretty

    By • Feb 3rd, 2011

    This article was originally published at GoingConcern.com on March 3, 2010. Most don’t wear stilettos, although Cynthia Cooper is fairly attractive for a blond. Harry Markopolos, the Madoff “hero” whose new book is out is being called a whistleblower. I do not see him really warming up to that label or really warming up at […]



    Suing Audit Firms re: Madoff: The Iguana In The Room

    By • Nov 29th, 2009

    Which firms have the most Madoff-related claims? Which audit firm locations are named most often? Which filings do not name an audit firm and why? How many name the international audit network umbrella firm? Shouldn’t they all?



    If It’s Not One Thing, It’s Another – Auditors Getting Sued Over Madoff

    By • Dec 18th, 2008

    The “victims” of the Bernie Madoff scandal are not taking their losses laying down. Why are so many suits suddenly being brought against the auditors of the funds that invested on behalf of their clients in the Madoff funds?



    Madoff and Blagojevich: Stealing – Easier When No One Is Watching

    By • Dec 15th, 2008

    Both are accused of being corrupt. One gentleman has been under a cloud of suspicion for a while.  He’s denied it and dared prosecutors to wiretap his conversations, to come and get him.  He hid his activities in plain site.  As visible as a major state Governor has to be, he also kept a low […]