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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2021-07-28T13:00:00
Once the individuals featured in this series decided to blow the whistle, their lives were forever changed.
For Dee Dee Stone, a Texas CPA, the decision to blow the whistle in 2011 on a client who was operating a Ponzi scheme was a relatively easy one.
That client, fellow CPA David Ronald Allen, was the chief financial officer of an asset-backed investment scheme called China Voice Holding Corp. While Stone was processing tax returns for Allen’s investment partnerships as a subcontractor, she saw China Voice bank statements and knew something was off. When confronted, Allen tried to explain away the fact the investment vehicle looked like it was using new investor money to pay off high returns promised to existing investors, she said. But as Stone had already copied bank statements and tax returns, she knew Allen’s explanations did not measure up with the facts.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
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2024-07-26T19:49:00Z By Aaron Nicodemus
Three federal banking regulators issued guidance on the risks posed by the use of third-party financial technology firms to deliver bank deposit products and services to customers.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-25T17:36:00Z By Jeff Dale
The Consumer Financial Protection Bureau is warning companies against intimidating potential whistleblowers by forcing them to sign broad nondisclosure agreements to deter misconduct from coming to light.
2024-07-19T16:20:00Z By Aaron Nicodemus
A whistleblower will be paid $37 million by the Securities and Exchange Commission for providing original, credible information that led to a successful enforcement action.
2024-07-16T16:48:00Z By Aaron Nicodemus
Anonymous employees of OpenAI accused the company of requiring employees to sign nondisclosure agreements (NDAs) that “prohibited and discouraged” them from reporting securities law violations to federal regulators.
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