Thursday, February 17, 2005

Can Politicians Stop Fraud - Part 1

When Enron, Worldcom, etc., etc. broke to the headlines our Congress undertook to stop corporate fraud dead in its tracks at enormous cost to investors. Laws have been enacted, regulations created, new bureaucracy created and the same large public accounting firms who couldn't catch this mess the first time are collecting the lion's share of the fees to watch over this. Should we believe that our investments are safe when we see headlines like this from the Associated Press - Elections - AP

Ex-Democratic Aide Admits Stealing Checks

This enterprising young man plead guilty to stealing $360,000 in campaign contribution checks from the Democratic Senatorial Campaign Committee. When politicians cannot safeguard their own money, how safe is yours?

0 Comments:

Post a Comment

<< Home