Small-time frauds claiming to sell pre-IPO shares of companies like Facebook have already surfaced, according to the SEC.
Whether those be well-known frauds or, frankly, funds that have just suffered really poor investment returns.
Then came the accounting frauds at Enron, WorldCom and elsewhere, and the implosion of Andersen.
But there are other frauds associated with housing on our local news each night.
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How are we to prevent future frauds if we focus only on the sensational?
The SEC found that Michael Dell was an active participant in some of the disclosure frauds.
In his Inferno, Dante would have consigned Lance to the eighth circle specifically reserved for frauds.
The frauds began again when he was released and Beck was rearrested in 1904.
There are also whistleblower laws now that provide similar incentives for identifying large-scale tax and securities frauds.
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In fact, the ACFE report stated that only about 3% of frauds were uncovered through routine audits.
The frauds were far too complex and spread out for any group of regulators to deal with.
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Simply tune into any news program these days, and financial frauds appear more commonplace than felonious assaults.
This is the first FDIC suit against an auditor for financial crisis era bank frauds or failures.
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Its contracts were thus all technically unenforceable, frauds for which the statute of limitations has long since expired.
How many investors would be saved from financial ruin if the facts behind these frauds were made public?
The auditor general said since NFI began, it had led to the elimination of many long-standing, high-value frauds.
Those misstatements were allegedly covered-up via forged documents that helped to further the frauds for the benefit of insiders.
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The 20-year sentence is among the biggest for frauds uncovered in recent times.
Capitalism, like the human condition itself, isn't perfect--but capitalism is uncannily good at rooting out frauds and quacks early.
It may turn out to be one of Wall Street's biggest frauds ever.
We find this thesis to be preposterous, particularly since the FTC has been sensitive to frauds of this kind.
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Besides Goldman Sachs, there are many other business frauds using similar tactics to take money from taxpayers like you.
How many other broker-dealer frauds will we see because external auditors are not independent, objective and professionally skeptical enough?
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President Obama appointed Ms. Schapiro after the SEC missed most of the frauds leading up to the 2008 financial crisis.
Many of these frauds are similar to those that siphoned millions of dollars from unsuspecting consumers in the early 2000s.
Forbes: Why is it difficult for the SEC to detect frauds, such as the one allegedly orchestrated by Bernie Madoff?
There has to be action to both uncover the frauds and make the cost of fakery too high to risk.
These affinity frauds seem all too common these days as people search for someone to trust with their hard earned cash.
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Finally, the crimes themselves were minor compared to the massive financial frauds that have come to light in more recent times.
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Many frauds are a conglomerate of friends or business associates, but every once in a while the entire family gets involved.
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