Technical StaffJuly 31, 2021Corruption has become an integral part of the government’s failure to confront the plague of poverty and a lack of basic health and education services. We are not exaggerating when we claim that corruption is the primary cause of institutional, corporate, and state failure. What is happening...
Technical StaffJuly 30, 2021The Committee to Protect Journalists (CPJ) stated that ” Exposing those who abuse power for personal gain is a dangerous activity. Nearly 300 journalists killed for their work since CPJ started keeping records in 1992 covered corruption, either as their primary beat, or one of several.”CPJ published an important...
Mike MasoudJuly 25, 2021Corruption has clearly evolved into a worldwide issue that undermines the national security of many countries, including the United States of America, where it has been a domestic issue for decades. On June 3, 2021, the US President said ” corruption threatens United States national security, economic...
Technical StaffJuly 23, 2021Due to the low audit quality of listed corporations, regulators and watchdogs in many developed nations are closely scrutinizing the public audit profession. For example, The Financial Reporting Council, the UK’s accounting regulator, said “audits performed by the big four accounting firms and smaller rivals failed to...
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...
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