Technical StaffJune 30, 2021After acknowledging that €1.9 billion ($2.3 billion) allegedly held in trust accounts didn’t exist, Wirecard filed for insolvency in June 2020. It was also discovered to be heavily in debt, and it was accused of falsifying financial accounts for years.As a result, the Bundestag (German Parliament) conducted...
Mike J. MasoudJune 29, 2021On July 22, 2014, I was shocked when I read an opinion in the Washington Post entitled “We need an international court to stamp out corruption,” written by Mark L. Wolf. He was a senior U.S. district judge for the District of Massachusetts. I shared my fears with...
Technical StaffJune 19, 2021The perpetrators of this corruption scheme attempted to get control shares of shell companies in order to artificially inflate their share values and sell them to unsuspecting investors. Shell company hijack: Men used SEC filings, fake press releases for stock pump-and-dump scam, feds sayThree men have been...
Mike MasoudApril 30, 2021Last June, our staff published the following post about the Wirecard scandal. They stated, among other things, the following:Who Should Pay For It?Where were BaFin, Germany’s financial watchdog? Where were the Board of Directors of Wirecard?Where were EY, the independent auditor of Wirecard? Where were the relevant regulatory agencies...
Technical StaffApril 30, 2021On April 14, 2021, Bernard L. Madoff died in prison, serving a 150-year sentence. During the 2008 financial crisis, it was revealed that he was in charge of the largest Ponzi scheme in American history. Below is a BBC report on Madoff’s death:Bernie Madoff: Disgraced financier dies in prisonBernie Madoff admitted he had conned investors out of billions of dollars in a Ponzi scheme.Read Morewww.bbc.comThe following documentary is one...
March 30, 2021Mike J. MasoudLast April, there was an exceptional UK Court Judgment: “EY ordered to pay whistleblower $11m in Dubai gold audit case” 1. Yesterday, it is another exceptional day for justice when EY dropped its appeal to April 17, 2020, UK court judgment that awarded Amjad Rihan, the...
February 19, 2020Technical StaffWe were not surprised by the higher education news published in the Guardian newspaper on February 19, 2020. The phenomenon of the Diploma Mills is not new. It goes back many many years. Google defines diploma mills as “an institution or organization that grants large numbers of...
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