That is, in case you were worried. Reuters reports that Richard Fleming, the Head of Restructuring in the UK, said that “It’s still a large number. It’s still billions,” but so far things are moving quite nicely. “Our strategy this morning has been … where we have clients whose position is reconciled, and are due funds, then that money will flow.” Keep truckin’! [Reuters]
Related Posts
Crooked CFO: “KPMG knows nothing about the character traits of criminals.”
- Caleb Newquist
- August 19, 2011
Earlier this week we shared with you the latest analysis from KPMG that listed “key fraudster traits” and some of them seemed to describe a lot of the people you have worked or are currently working for. Things like “volatile,” “unreliability,” “unhappy,” and “self-interested” describes everyone I’ve ever been in around in the corporate world to one extent or another.
Since I was skeptical of this list, I asked Sam Antar what he thought of it. If you’ve been reading us for awhile, you’re familiar with Sam. If you’re new, I’ll do a quick refresher. Sam was the CFO of Crazy Eddie’s and was one of the masterminds behind one of the biggest financial frauds of the 1980s. While you (and I) were eating cereal in front of the TV on Saturday morning, Sam and his cousin Eddie were selling electronics and home appliances to our parents for rock bottom prices, while ripping off the government and investors for untold millions of dollars. In other words, the guy is a crook and knew/knows lots of crooks and knows their hopes (read: money), their dreams (read: money) all that crap (read: more money) and what they’ll do to get them. With that, Sam told me what he thought of KPMG’s analysis:
I was both a friendly and likable crook who treated my enablers real well as I took advantage of them. I treated my victims even better than my enablers, as I emptied their pockets. Old saying, “You can steal more with a smile, than a gun.” KPMG knows nothing about the character traits of criminals. They couldn’t even catch me as Crazy Eddie’s auditors. They trusted me!
So maybe – JUST MAYBE – you should also be wary of the client or co-worker that you really like because he/she takes you to lunch every day, gets you laid, takes you for rides in a fancy car or invites you to coke-fueled weekend ragers with seemingly no strings attached. Plus any client that has a viral marketing campaign should get an extra look:
Share this:
Is the Big 5 Returning to California?
- Caleb Newquist
- January 28, 2013
Hahahahaha. No, of course not. HOWEVER, Moss Adams is getting close to usurping one of […]
Share this:
Here’s What We Know Right Now About the New COVID Vax Requirements at KPMG US
- Jason Bramwell
- September 1, 2021
It was only a matter of time before another Big 4 firm would follow Deloitte’s […]