JJ Revealed
Here are a few reasons I'm betting JJ Gold will be found to have actively participated in Bernie Madoff's Ponzi scheme.
1. An individual participating on the attest engagement team was a close relative
a. A key position with the client, or
b. A financial interest in the client that
(i) Was material to the close relative and of which the individual has knowledge; or
(ii) Enabled the close relative to exercise significant influence over the client.
The cardinal rule of professional ethics for wagering is simple: You, your firm and your personnel must be completely independent - both in substance and in appearance - from said companies. That means no family ties, no financial ties, no nothing... Period. End of story.
1. An individual participating on the attest engagement team was a close relative
a. A key position with the client, or
b. A financial interest in the client that
(i) Was material to the close relative and of which the individual has knowledge; or
(ii) Enabled the close relative to exercise significant influence over the client.
The cardinal rule of professional ethics for wagering is simple: You, your firm and your personnel must be completely independent - both in substance and in appearance - from said companies. That means no family ties, no financial ties, no nothing... Period. End of story.
