Can’t Regulate This978-1-64570-877-3
Do you know what is really in the audited company financial statements, upon which you and your advisors rely, for making investing and lending decisions? This CFO reveals a factual historical record containing actual excerpts and exhibits, along his survival fight to tell the truth and do the right thing in producing correct financial statements while, repeatedly in several companies, receiving orders to commit fraud purely for the self-realized financial gains of owners, CEO's and other executives. This book of factual historical record contains actual excerpts and exhibits (“materials”) that are not ordinarily found in the public domain. Given the subject matter of the materials and the context of the matters at hand, the author needed to secure these materials as a matter of personal protection in the event that s/he was personally harmed, fired, discharged, etc. as the direct result of causing the named companies to disclose the truth about their financial position and results of operations. These excerpts and exhibits, including a transcript of auditory recordings, would come to his/her aid as evidence of the facts had s/he been adversely affected as a result of and in the effort of doing the right thing.
This factual historical record also contains references to the individual perpetrator’s ethnicity, land of origin, race and religion for the purpose of demonstrating that the act of fraud is non-discriminatory, is all inclusive and resistant to stereotyping or profiling. Contrary to popular belief, there are many individuals named in this book of various sizes, shapes and colors in addition to the stereotypical Caucasian White Male Inhabitants of the street corner of Wall and Broad at the southern tip of Manhattan. The story will demonstrate that you cannot effectively regulate people telling the truth when large personal financial gain with deceit versus mediocre financial compensation with doing the right thing are the alternatives; the administration and regulators actually do not know what they are dealing with. They also do not appreciate the non-productive excessively onerous cost related to greater and greater regulation, with no productive outcome as the result. While this book describes actual circumstances, experiences, events and outcomes that the related companies, employees and the author have endured, the names of individuals who have NOT been named in related court and SEC documents have been changed.