Discussions

  Discussions   This week's discussion combines the topics of whistleblowing and regulatory failure to investigate a potential white collar crime. Please view the CSPAN video below of the testimony of Harry Markopolos. Mr. Markopolos claims that he ?gift wrapped? and delivered the Ponzi Scheme of Bernard Madoff to the Securities Exchange Commission (SEC) and they did nothing with his findings. Please discuss your thoughts on Mr. Markopolos' testimony and his assertion that the SEC failed in its duty to investigate Mr. Madoff. Is that your opinion as well? What should they have done and was their failure to investigate just negligence or something worse? I look forward to a spirited debate. Use the below Videos: http://www.youtube.com/watch?v=uw_Tgu0txS0 http://www.youtube.com/watch?v=s68FR1MXT8Q 2. It is hard enough to investigate and prosecute those who commit white collar crimes within one legal jurisdiction. When you consider the fact that globalization has created an atmosphere of international white collar crime like never before, investigation and prosecution is fraught with so much difficulty that it is almost impossible to bring anyone to justice. Please view the following video and reports on international fraud involving Russell King. Please discuss all the issues and problems that occur with investigating crimes of this nature. What can be done about this? Is there a way to get around the politics involved? Is it even proper to attempt to control and punish this kind of activity or should we allow our governments and big corporations to act illegally for the better good? Additional documents have been provided to help you gain an understanding of International White Collar Crime. Use the below Videos and links to documents: http://www.youtube.com/watch?v=r25rWb_mZQQ http://www.youtube.com/watch?v=LD7gtOT46Ug http://www.telegraph.co.uk/news/uknews/8457156/Conman-took-control-of-half-an-investment-bank-without-paying.html http://www.telegraph.co.uk/news/uknews/crime/8457644/Trillion-dollar-fraudster-who-took-in-Sven-and-Koreans.html http://www.mondaq.com/unitedstates/x/214040/White +Collar+Crime+Fraud/New+International+Focus+On+Prosecution+Of+WhiteCollar+Crime http://www.acfe.com/uploadedFiles/ACFE_Website/Content/european/Course_Materials/2013/cpp/5A_PaulineRoberts.pdf