Tag: fraud detection

Fraud – A Sign of The Times

Fraud – A Sign of The Times

Fraud always spikes during frothy markets. If it feels like we are beating you over the head as it relates to Quality CEOs and CEO Integrity it is because we are. High Quality, High Integrity CEOs are the best preventive measure against getting burned by fraudulent companies. 2020 has delivered massive equity market valuation froth … Continue reading Fraud – A Sign of The Times

There Is No Substitute For In-Person Due Diligence

There Is No Substitute For In-Person Due Diligence

This week Wirecard announced that EUR 1.9 billion of cash is missing. A trip to the company's profit center would have spared investors from suffering a major headache and major losses. The Financial Times put forth a detailed case about Wirecard's red flag-waving accounting practices in its October 2019 article: "Wirecard’s suspect accounting practices revealed," … Continue reading There Is No Substitute For In-Person Due Diligence