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Number of the Day: 43%
- Jason Bramwell
- January 12, 2021
The Anti-Fraud Collaboration—a partnership between the Center for Audit Quality, Financial Executives International, The Institute […]
If Your Accountant Marries a Stripper, Should You Assume There’s a Ponzi Scheme Behind It?
- Caleb Newquist
- August 3, 2010
Not that it’s impossible for an accountant to score a trophy wife – a former Scores Dancer, no less – but observers of accountant/business manager-cum-Ponzi Schemer du jour (allegedly!), Kenneth I. Starr are pretty confident that it was a decent sign of things going in the wrong direction.
Vanity Fair’s article on “not that Ken Starr” gets a lot of perspective from people that knew Starr, including Blackstone co-founder, Pete Peterson, ” Did something in the way of a profound midlife crisis trigger this behavior?”
But of course, there are people that are more forthright:
Like a Greek chorus, his shocked clients pointed as one to the lavishly endowed Diane, for whom, the indictment notes, Starr purchased more than $400,000 of jewelry from bling jeweler to the rap world Jacob Arabo. “When your business manager marries a stripper,” says one rueful client, “that’s a tell.”
All The Best Victims [Vanity Fair]
No One Should Be Surprised to Learn FTX Used QuickBooks
- Adrienne Gonzalez
- December 14, 2022
Before the House Committee on Financial Services on Tuesday, recently-appointed FTX CEO John J. Ray […]
