Tag Archives: fraud investigation

Companies in Crisis: Walmart & CRT

Two stories concerning federal investigations hit the news this week. The New York Times outlined in detail Walmart’s alleged actions after being notified by a former executive at Walmart’s largest foreign subsidiary, Wal-Mart de Mexico, of rampant and widespread bribery … Continue reading

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Stunning Failure of Duty of Loyalty

I attended a board meeting last week that I wish every board member could have experienced. The President of the Board is a senior officer of the company responsible for managing the funds of the organization and there is a … Continue reading

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Key elements of a Crisis Plan

Board leadership for companies in crisis Five questions will tell if your board is engaged By Taylor Simonton A crisis can quickly turn into a disaster if a company is unable to respond properly. According to National Association of Corporate … Continue reading

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Is it “Bain” or about “doing the right thing”?

Who is asking “is this the right thing to do” when business or political decisions are made?  Big banks and mortgage lenders had bet against their own customers, taken chances comparable to playing the roulette table, and gambled away our … Continue reading

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What a tangled web we weave when attempting to deceive..

Twice in 2011 I suspected parties with whom I had business relationships of stealing money.  Both times I asked for  specific documents over a 5-12 month period until I had sufficient information to prove the fraud and take further action. … Continue reading

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The Wizard of Lies

I shared the stage with Diana Henriques, author of “The Wizard of Lies”, who shared her insights about Ponzi perps.  We’re hard-wired to trust people, so we need guiding principles to follow:  invest only with funds which have third-party consultants, … Continue reading

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When should a director have legal counsel?

If you hear, “You have the right to remain silent. Anything you say can and will be used against you in a court of law. You have the right to speak to an attorney, and to have an attorney present … Continue reading

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