VW – The Biggest Corporate Cover-up

“Made in Germany” Brand is Threatened While a complete implosion of VW is not likely, the company will be climbing out of this deep cavern for years to come. Volkswagen CEO Martin Winterkorn paid the price of losing his job after the recent revelation that software designed to circumvent emission testing was installed on as many … Continued

Corruption Negatively Affects Investors

There Are Many Losers in The “Game of Corruption” The evil arm of corruption doesn’t end with the guilty parties involved inside an organization. It can have a negative impact on investors too. A company can be paralyzed by anti-corruption investigations resulting in losses to their investors – share prices fall, fines are assessed, legal costs … Continued

SEC: Rein in Your Inner 'Rock Star'

SEC Looks at ‘World Tour’ in Action Against FLIR Systems Last November 2014, the SEC brought an administrative FCPA enforcement action against two individuals – Stephen Timms and Yasser Ramahi. They worked in sales at FLIR Systems, an Oregon based company that produces thermal imaging, night vision, and infrared cameras and sensor systems. The conduct … Continued

Police Corruption and the Importance of Whistleblowers

Police Corruption: We’ve All Heard About Frank Serpico They made a movie about him, his story is that important to share. Sadly as a whistleblower, it didn’t get him far in his career. Born to two highly principled and hard working Italian immigrants in 1936, his dream was one day donning that iconic blue and … Continued

Don't Fall Flat on Anti-Corruption Due Diligence

Failing Grade for Many Countries Recently, Transparency International came out with their Corruption Progress Report for 2014. A promise was made about 15+ years ago by many of the world’s leading economies to prevent corruption and bribery. They seem to failing. The Organisation for Economic Co-operation and Development’s Anti-Bribery Convention, adopted in 1997, was a … Continued

A Whistleblower's Battle Over Beer

(Got Your Attention?) Yep, You Read That Right… Beer One often thinks of bribery and corruption happening in major, high profile organizations (Enron, WorldCom, Tyco). Those are certainly the first I think of anyway. But, of course, bribery can happen in any company, any size, and any industry. Essentially, bribery is an act of giving money … Continued

Popular Frauds | Protect Your Organization

One Fraud… Two Fraud… Three Fraud… No organization wants to wake up to find themselves suddenly the center of unexpected liability or unwelcome scrutiny due to fraud. Fraud costs organizations more if it’s ignored, and no matter what you think, your organization is not immune from it. The ACFE’s Report to the Nations on Occupational Fraud and Abuse … Continued

Governmental Mismanagement in 'Da House

The Mike Duffy Saga Continues… After months of investigation the RCMP have criminally charged suspended Senator, Mike Duffy, with governmental fraud and bribery, and plenty of other no-no’s relating to Senate expenses. And opposition leaders say Prime Minister Stephen Harper’s poor judgment is to blame. That is, poor judgment appointing Mike Duffy to Senate in … Continued