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To: Paul Senior who wrote (14061)	3/2/2002 1:09:27 AM
From: Bob Rudd	Respond to of 79101

OT, Paul, Foundation audit: I had the impression before this that the reason auditors didn't catch fraud was that the crooks were clever and hid the trail so well. But these clowns couldn't smell a f*rt in a divers helmet. Multiple major clues bouncing around several offices for over 2 years. Like the three monkeys: Hear no evil, See no evil, Speak no evil...just collect the fees. And the financial planner had it nailed right away...with nowhere near the access or resources of Andersen. <<I don't know whether to laugh or cry>>That pretty well says it. Tweaking the auditing standards isn't gonna fix this. Neither is a 2 year suspension from accounting. <<Somebody ought to do jail time>>Yep...coupla Dateline's that end showing auditors in the Hoosegow with their 'New freinds' would go a long way towards shifting priorities.

To: Paul Senior who wrote (14061)	3/2/2002 9:26:50 AM
From: Don Earl	Respond to of 79101

On the off topic topic. <<<Somebody ought to do jail time for putting them through the pain/grief/financial loss.>>> Agree. Unfortunately, people with money never do jail time. If a burglar breaks into your house, leaves finger prints all over the place, and the police catch him watching a ballgame on your TV; the burglar is in jail within a matter of minutes, the investigation takes a matter of days, and the burglar is in prison within a matter of months. When the amounts stolen start reaching the multi million range, the police wouldn't think of putting the thief in jail, the investigation takes years, and the penalties end up amounting to a commission on the ill gotten gains and a slap on the wrist. If anyone wants a real wake up call, go to the SEC site and have a look through their settlements for fraud actions. Why on Earth would anyone even pretend to be honest when there is virtually no punishment whatsoever even if you do get caught? For some reason stealing a $300 TV is a more serious crime than stealing someone's life savings. If our justice system treated burglary the same way it treats fraud, you'd be spending 20 grand a year to put your kids through burglary college.