In the prior post, I described the lackluster approach to enforcement that has characterized the Financial Reporting Council. What’s the cause? A large part of the explanation lies in the regulator’s closeness to those that it is supposed to be holding to account.… Continue Reading
An active-duty U.S. Navy commander pleaded guilty Tuesday for helping a Singapore-based defense contractor cheat the Navy and obstructing a federal criminal investigation into the overbilling fraud.
Bobby Pitts, 48, of Chesapeake, Virginia is set to be sentenced on December 1 in federal court in San Diego.… Continue Reading