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Banks Required To Rely Less on Ratings Agencies Since 2010, the ECB has been trying to break banks reliance upon credit rating agencies. In 2011 Jean-Claude Trichet ranted and raved against the [...]

Due diligence investigations into the assets of a fraud feasor is delicate work. Even proposing to do some research into a potential fraud feasor to see what can be done to recover assets, that [...]

Risks In Recovery Actions This item could also be called – when due diligence meets asset recovery. In every case, large or small, there are certain foundational events, constraints, and inputs [...]

Projections I am inherently distrustful of projections. For too many years as an investment banker I reviewed business plans and their projections. If you asked any of the authors of the [...]

8th Annual Fraud and Forensic Accounting Education Conference Hyatt Regency Savanna Georgia May 15th-16th 2014 http://pkm.com/events/fraud-conference/

Authority to Bind It is too often a question that is not asked or answered.  How does one have the authority to bind a company, a partnership, a country or even a group of victims? A few recent [...]

NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices From a recent filing in US Courts: Broux v. PetroChina Co. Ltd., 13-cv-06180, U.S. District Court, Southern District of New [...]

Brazilian LTN Bonds Here, for both your edification and reading enjoyment, is a story of yet another scheme of “bogus bonds” flying around the world of fringe finance. The Brazilian Letra do [...]

Can Fraud and Corruption be Stopped? We must now consider if fraud can ever be eliminated: and under this head there are three points of inquiry. (1) Whether fraud can ever be clearly defined. [...]

When everything goes wrong, asset recovery A bank cannot make 100% of its investment decisions correctly, unless it makes no decision at all. Banks try to make conservative investments, with the [...]