NY Times article on corporate monitoring
Fraud expert and former monitor discusses the issues from his specialist perspective here:
John "Fraud Guy" Hanson's response to NY Times article
@StevenDavidoff gives us the inside scoop on what we can really expect from Toyota's "Independent" monitor. Answer is, not much.
@FraudGuy John Hanson says the DOJ has fixed its own practices, but other issues remain.
Toyota's monitor has not yet been appointed. Let's guess. He will be a former federal prosecutor with some old ties to Debevoise & Plimpton....and that is "normal" because when a monitor is needed, the target company, not the DOJ, supplies the pool of candidates, and in the normal course of these things, they are people personally and professionally known to the defense counsel...
Paycheck at least $30 million.
Staff of 20, none with auto engineering experience or Japanese language.
No docket for public submissions of examples of actual corporate practices in the field.
And the icing on the cake-- moving to Texas scrambles things and people.
As they say in Hebrew, ad matai?
[Until when will this continue?]
Fraud expert and former monitor discusses the issues from his specialist perspective here:
John "Fraud Guy" Hanson's response to NY Times article
( ? )
@StevenDavidoff gives us the inside scoop on what we can really expect from Toyota's "Independent" monitor. Answer is, not much.
@FraudGuy John Hanson says the DOJ has fixed its own practices, but other issues remain.
Toyota's monitor has not yet been appointed. Let's guess. He will be a former federal prosecutor with some old ties to Debevoise & Plimpton....and that is "normal" because when a monitor is needed, the target company, not the DOJ, supplies the pool of candidates, and in the normal course of these things, they are people personally and professionally known to the defense counsel...
Paycheck at least $30 million.
Staff of 20, none with auto engineering experience or Japanese language.
No docket for public submissions of examples of actual corporate practices in the field.
And the icing on the cake-- moving to Texas scrambles things and people.
As they say in Hebrew, ad matai?
[Until when will this continue?]