Saturday, December 13, 2008

Forbes Article Points Out Trend In Recent White Collar Frauds

Forbes published an article earlier today by writer Liz Moyer on the recent spate of massive Wall Street Ponzi scheme frauds and how they related to the marketplace. She writes: "...if history proves consistent, there will be many more shocking disclosures to come as the world readjusts to another post-bubble era. It's nothing new. Excesses during bubble times lead to mistakes, big losses and ultimately the unveiling of frauds. Nobody asks questions when things are going well; they scream for justice when things head south." Good point. We see this trend in our own business over the economic cycles.

Read the whole story here.

No comments: