fraud

When we see more of the e-mails, this should get interesting. But don't expect an prosecutions. Source: In Prison Interview, Madoff Says Banks ‘Had to Know’ - NYTimes.com

By William K. Black Freddie Mac made a terse announcement Wednesday in a securities filing about the resignation of its chief operating officer, Bruce Witherell. Freddie said that Witherell resigned "for personal reasons."…

By William K. Black (Cross-posted from Benzinga) The big news in U.S. regulation last week was the release of the Financial Crisis Inquiry Commission reports. (There's a major article in the New York Times about Kabul Bank that supports…

By William K. Black (cross-posted with Benzinga.com) Honest accounting is essential for effective regulation – and for integrity. It is also very helpful to prosecuting accounting fraud. The banking industry lobbyists, including the…

By William K. Black (cross-posted from Benzinga.com) When Reputation becomes Ineffective or even Perverse Control fraud also makes reputation perverse. Theoclassical economists predict that reputation trumps everything, even auditors'…

By William K. Black (cross-posted from Benzinga.com) “Regulating” and “deregulating” are terms that often mislead. My next three columns discuss how to regulate two diverse activities that are critical to our economy – residential…

By William K. Black President Obama's Executive Order on regulatory review was originally set in motion by his February 3, 2009 direction to OMB to create an improved regulatory review process. The fundamental principles and structures…

The role of the criminal justice system with regard to financial fraud by elite bankers in 2011 is likely to reprise its role last decade — de facto decriminalization. The Galleon investigation of insider trading at hedge funds will take…

by William K. Black Marty Robins' December 15, 2010, column "Blow the Whistle on Pointless Whistleblowing" in The Huffington Post opposed the SEC implementing the Dodd-Franks Act's provision that the SEC should develop a system…

I spoke to Max Keiser recently about a number of issues in a wide-ranging interview featured below. In the video, Max and Stacy Herbert talk about some of the hot button issues of the day like the banking sector in Ireland and the lack of…