MIS Training Institute - Agenda Details - Keynote Address: Red Flags of Ponzi Schemes

Agenda Details

Keynote Address: Red Flags of Ponzi Schemes

H. David Kotz, Director, Berkeley Research Group

Date: Tuesday, 30 April 2013
Time: 12:45pm - 1:45pm

Prior to Berkeley Research Group, Mr. Kotz served for over 4 years as the Inspector General of the Securities and Exchange Commission (SEC.) During his tenure at the SEC he authored the landmark, widely publicized report investigating the failure of the SEC to uncover Bernard Madoff's $50 billion Ponzi scheme. He also authored numerous other high-profile reports of investigations while at the SEC, including a report concerning the $7 billion alleged Ponzi scheme perpetrated by Allen Stanford. In this fascinating keynote, Mr. Kotz will describe the "red flags" associated with Ponzi schemes and other similar frauds, the basic steps that can be undertaken to uncover the fraud, and why the regulators seem to be failing to uncover them. He will also provide advice for internal auditors on how to react when a fraud occurs in their company.