THINKADVISOR: Why is it critical for financial advisors to perform a fraud analysis on whatever they’d like to invest in — or when doing any deal?
JANET TAVAKOLI: You need to protect yourself. The Fed and the [Securities and Exchange Commission] aren’t doing their jobs, and the banks are financing a bunch of bad guys. You’re cruising for a bruising if you don’t take fraud into account and do a fraud analysis. Fraud is the most important thing to evaluate. When there’s fraud, there’s permanent value destruction in investments.…THINK ADVISOR
Janet Tavakoli: How to Spot a Fraud
THINK ADVISOR interviews Janet Tavakoli