Tag: fraud

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

F for Fake

F for Fake

F for Fake. No, not the 1973 Orson Welles movie by the same name, but rather deepfakes - one of the scarier AI derivative technologies. Samsung's "Few-Shot Adversarial Learning" models could render a video of you from a single profile photo. Researchers at Samsung's Moscow-based AI research center have developed a "deep convolutional network" capable … Continue reading F for Fake