The Fraud Triangle, Part 3: Opportunity

FRIDAY, DECEMBER 5, 2008 It’s December 5th, a Friday. On Wednesday and Thursday I covered the first two prongs of the fraud triangle: pressure and rationalization. Today I will discuss the third prong, opportunity. Shortly after joining Kenny at Bear Stearns, I...

The Fraud Triangle, Part 2: Rationalization

THURSDAY, DECEMBER 4, 2008 Today’s blog posting covers the second prong of the fraud triangle: rationalization. In my case, rationalization was the easiest. Since I felt as if I were being cheated out of commissions, it only seemed fair that I took what was...

The Fraud Triangle, Part 1: Pressure

WEDNESDAY, DECEMBER 3, 2008 It’s Wednesday, December 3, 2008. I had the privilege of working for three of the top financial firms in the world: Merrill Lynch, Bear Stearns and UBS. Ironically, my happiest moments were when I was working for Crowell Weedon and...

Remembering Baseball From Federal Prison

TUESDAY, DECEMBER 2, 2008 Remembering Baseball From Federal Prison It’s Tuesday, December 2, 2008. Playing baseball was the highlight of my youth. Through baseball, I learned virtues that should have remained with me throughout my life. Good sportsmanship meant...

Life In Federal Prison Transit

MONDAY, DECEMBER 1, 2008 Life In Federal Prison Transit For the first month or two at Taft Federal Prison Camp, I was extremely reticent about my personal affairs. I was also mildly affable with inmates and most everyone knew. I had zero interest in discussing what...

Maslow’s Hierarchy Of Needs

SUNDAY, NOVEMBER 30, 2008 It’s November 30, the last Sunday in November. While at USC, I remember studying about Maslow’s hierarchy of needs. I don’t remember details. Essentially, Maslow, a Harvard psychologist, outlined motivation platforms for...

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