Cynthia Cooper’s book – Extraordinary Circumstances: The Journey of a Corporate Whistleblower

Cynthia Cooper, WorldCom whistleblower, is releasing her book in just few days. Extraordinary Circumstances: The Journey of a Corporate Whistleblower is her story. If it is anything like the speech I heard her give a few years ago at the Association of Certified Fraud Examiners Fraud Conference, it will be …

Conviction of Bernie Ebbers Upheld by Appeals Court

Today the U.S. Court of Appeals for the Second Circuit upheld the conviction and prison sentence of former WorldCom CEO Bernard Ebbers. The 64-year-old defendant was convicted in 2005 of nine counts of conspiracy, securities fraud, and false SEC filings. He received a 25-year prison sentence, which all but assures …

Sarbanes-Oxley Cost Versus Benefit

The New Yorker recently printed a commentary on Sarbanes-Oxley. While the legislation was viewed by politicians as an important step toward protecting investors from fraud, corporate executives aren’t so impressed. Corporate executives believe that the high cost of implementing the Sarbanes-Oxley regulations is not justified by the small benefits. The …